Real Estate Market Update for 77024 (Houston, TX)

Video: Real Estate Community Tour for 77024 (Houston, TX)

See Real estate community tour for 77024 (Houston, TX)
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was up 11% from one year earlier, and up 8% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 1-million dollars. Compared to last year, the average number of days units spent on the market before being sold was up 61%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 950-thousand dollars. The number of units sold increased 60% year-over-year, and increased 25% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for 77024 (Houston, TX)
Area Information for 77024 (Houston, TX)
  • Population: 39,489
  • Median Age: 45.58 yr
  • Median Commute Time: 21 mins
  • Educational Climate*: 5
  • Sales Tax: 6%
  • Population Density: 3,089/sq mi
  • Population Change Since 2000: 18.92%
  • Closest Airport: William P Hobby
  • Closest College: American Cllg Acupuncture-orntl Medcn
  • Closest Jr. College: Itt Technical Institute-houston
  • Median Household Income: $118,477
  • Annual Residential Turnover: 16%
  • Median Home Sales Price: $788,750
  • Closest Major Sports Team: Houston Texans
  • Change Avg. Household Income Since 2000: 32.12%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 77024 (Houston, TX)
Median Age: 45.58 Married: 52% Number of Households: 16,697 Households with Children: 4,955
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 77024 (Houston, TX)

      School Name Distance Type Grades School Rating Parent Rating
      Memorial Drive Elementary School 0.3 mi Public PRESCHOOL-5 5 0
      Memorial High School 0.8 mi Public 9-12 5 4
      St Francis Episcopal Day School - Houston 0.8 mi Private PRESCHOOL-8 0 0
      Spring Branch Middle School 0.9 mi Public 6-8 3 0
      Montessori Morning Glory School 1.0 mi Private PRESCHOOL-K 0 0
      St Cecelia Catholic School - Houston 1.1 mi Catholic PRESCHOOL-8 0 0
      Bunker Hill Elementary School 1.3 mi Public K-5 5 0
      The Kinkaid School 1.3 mi Private PRESCHOOL-12 0 0
      Hunters Creek Elementary School 1.3 mi Public PRESCHOOL-5 4 0
      Frostwood Elementary School 1.6 mi Public K-5 5 0
      Duchesne Academy Of The Sacred 2.0 mi Catholic PRESCHOOL-12 0 0
      Holy Spirit Episcopal School - Houston 2.1 mi Private PRESCHOOL-8 0 0
      Memorial Middle School 2.2 mi Public 6-8 5 3
      Bendwood School 2.6 mi Public PRESCHOOL-PRESCHOOL 0 0
      The Wildcat Way School 2.6 mi Public PRESCHOOL-PRESCHOOL 0 0
      Pines Presbyterian Preschool 2.6 mi Private PRESCHOOL-K 0 0
      The Fay School 3.5 mi Private PRESCHOOL-5 0 0
      First Baptist Academy Houston 3.6 mi Private PRESCHOOL-8 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for 77024 (Houston, TX)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.