Is 77493, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77493 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 77493 has remained a Seller's Market.

Key Takeaway

77493 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77493, TX

How much do homes in 77493, TX cost?

Median Sold Price

$392,300

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$31,227(+8.6%)

Key Takeaway

Homes in 77493 have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in 77493 was $392,300 in October 2024, up 8.6% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $322.7K$333.6K
+3.4%
3 $303.1K$319.9K
+5.5%
4 $410K$426.4K
+4.0%
5+ $559.9K$615K
+9.8%

Summary: 77493 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 increased by 3.4%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 9.8%.

Median Sold Price Compared To Nearby Zip Codes

77493
+8.6%
77433
+1.9%
77494
+0.8%
77449
-0.6%
77423
-1.4%

Housing Supply in 77493, TX

How many homes are available in 77493, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
639695+8.8%

Summary: The 77493 real estate market had 695 homes for sale in October 2024, a 8.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 176195
+10.8%
4 382407
+6.5%
5+ 7789
+15.6%

Summary: The 77493 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 remained the same, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 15.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
127122-3.9%

Asking Price vs. Sold Price

82 Homes Were Sold
Under Asking

28 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77493, you may be able to get a good deal. 67.2% of homes here sold below asking price last month.

Summary: A total of 122 homes were sold or pending in 77493 in October 2024, down by 3.9% month-over-month. Of the 122 sold homes, 67% were sold under asking, 23% were sold at asking, and 10% were sold over asking.

Days on Market for 77493, TX

How long does it take to sell a home in 77493, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
33 Days55 Days+66.1%

Summary: Homes in 77493 had an average of 55 days on market in Oct 2024, up by 66.1% compared to last year.

Breakdown of Home Sale Times

50 Homes Were Sold
Under 30 Days

44 Homes Were Sold
In 30 - 90 Days

28 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77493 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 122 homes were sold in 77493; 41% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 23% 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 23 Days Ago

Newest Listings in 77493, TX

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