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 5 Days Ago

Newest Listings in 77493, TX

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