Is 77362, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77362 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 77362 has remained a Seller's Market.

Key Takeaway

77362 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77362, TX

How much do homes in 77362, TX cost?

Median Sold Price

$418,500

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$500(+0.1%)

Key Takeaway

The sold price of homes in 77362 has remained the same since last year.

Summary: The median home sold price in 77362 was $418,500 in November 2024, up 0.1% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $188K-
N/A
3 $274K$276.7K
+1.0%
4 $485.1K$487.9K
+0.6%
5+ $650K$672.4K
+3.5%

Summary: 77362 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 3.5%.

Median Sold Price Compared To Nearby Zip Codes

77355
+10.4%
77354
+3.2%
77362
0.1%
77375
-1.7%

Housing Supply in 77362, TX

How many homes are available in 77362, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5456+3.7%

Summary: The 77362 real estate market had 56 homes for sale in November 2024, a 3.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 1013
+30.0%
4 3837
-2.6%
5+ 65
-16.7%

Summary: The 77362 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 30%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
812+50.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77362, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 77362 in November 2024, up by 50.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.

Days on Market for 77362, TX

How long does it take to sell a home in 77362, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
26 Days47 Days+79.6%

Summary: Homes in 77362 had an average of 47 days on market in Nov 2024, up by 79.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 77362 has remained consistent over time.

Summary: During November 2024, 12 homes were sold in 77362; 33% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 77362, TX

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