$5,950,000
221.00 Acres
Land
•7 Full Baths, 1 Partial
Katherine Gibson, Listing Office: Republic Ranches, LLC
Is 77423, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 77423 was a Seller's Market.
Key Takeaway
77423 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 77423, TX
How much do homes in 77423, TX cost?
Median Sold Price
$345,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,950(-1.4%)
Key Takeaway
Homes in 77423 have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in 77423 was $345,000 in October 2024, down 1.4% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $1.0M | N/A |
| 2 Bedrooms | $410K | $209.5K | -48.9% |
| 3 Bedrooms | $313.2K | $277.9K | -11.3% |
| 4 Bedrooms | $370K | $355K | -4.1% |
| 5+ Bedrooms | $413.6K | $450K | +8.8% |
Summary: 77423 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 48.9%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 8.8%.
Housing Supply in 77423, TX
How many homes are available in 77423, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 93 | 101 | +8.6% |
Summary: The 77423 real estate market had 101 homes for sale in October 2024, a 8.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 31 | 39 | +25.8% |
| 4 Bedrooms | 44 | 44 | 0.0% |
| 5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The 77423 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 25.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77423, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 77423 in October 2024, up by 33.3% month-over-month. Of the 16 sold homes, 69% were sold under asking, 6% were sold at asking, and 25% were sold over asking.
Days on Market for 77423, TX
How long does it take to sell a home in 77423, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 83 Days | +100.9% |
Summary: Homes in 77423 had an average of 83 days on market in Oct 2024, up by 100.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77423 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in 77423; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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