Is 77520, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77520 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 77520 was a Seller's Market.

Key Takeaway

77520 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 77520, TX

How much do homes in 77520, TX cost?

Median Sold Price

$186,000

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$3,932(-2.1%)

Key Takeaway

Homes in 77520 have sold for 2.1% less than they did a year ago.

Summary: The median home sold price in 77520 was $186,000 in November 2024, down 2.1% from last year, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $68.7K$60.2K
-12.4%
2 $135K$120K
-11.1%
3 $190.8K$190K
-0.4%
4 $240K$229.9K
-4.2%
5+ $233.5K$304K
+30.2%

Summary: 77520 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.4%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 30.2%.

Median Sold Price Compared To Nearby Zip Codes

77521
+3.8%
77562
+3.0%
77523
+2.8%
77571
-1.2%
77520
-2.1%

Housing Supply in 77520, TX

How many homes are available in 77520, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
154159+3.2%

Summary: The 77520 real estate market had 159 homes for sale in November 2024, a 3.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 88
0.0%
2 2932
+10.3%
3 8077
-3.8%
4 3134
+9.7%
5+ 68
+33.3%

Summary: The 77520 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 10.3%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2725-7.4%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77520, you may be able to get a good deal. 64% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 77520 in November 2024, down by 7.4% month-over-month. Of the 25 sold homes, 64% were sold under asking, 24% were sold at asking, and 12% were sold over asking.

Days on Market for 77520, TX

How long does it take to sell a home in 77520, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days30 Days+5.8%

Summary: Homes in 77520 had an average of 30 days on market in Nov 2024, up by 5.8% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77520 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 25 homes were sold in 77520; 64% of homes were sold within 30 days, 28% 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 77520, TX

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