Is 77521, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77521 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 77521 was a Seller's Market.

Key Takeaway

77521 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77521, TX

How much do homes in 77521, TX cost?

Median Sold Price

$261,750

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$1,394(+0.5%)

Key Takeaway

Homes in 77521 have sold for 0.5% more than they did a year ago.

Summary: The median home sold price in 77521 was $261,750 in October 2024, up 0.5% from last year, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $209.6K$198.5K
-5.3%
3 $240K$240K
0.0%
4 $278K$284.5K
+2.3%
5+ $326.5K$330.5K
+1.2%

Summary: 77521 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 5.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 1.2%.

Median Sold Price Compared To Nearby Zip Codes

77562
+4.2%
77523
+4.1%
77532
+1.4%
77521
0.5%
77520
-2.6%

Housing Supply in 77521, TX

How many homes are available in 77521, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
239270+13.0%

Summary: The 77521 real estate market had 270 homes for sale in October 2024, a 13.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 123134
+8.9%
4 98111
+13.3%
5+ 1319
+46.2%

Summary: The 77521 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 20%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 46.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4535-22.2%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77521, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in 77521 in October 2024, down by 22.2% month-over-month. Of the 35 sold homes, 43% were sold under asking, 37% were sold at asking, and 20% were sold over asking.

Days on Market for 77521, TX

How long does it take to sell a home in 77521, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
59 Days46 Days-21.4%

Summary: Homes in 77521 had an average of 46 days on market in Oct 2024, down by 21.4% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77521 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 35 homes were sold in 77521; 51% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 14% 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 4 Days Ago

Newest Listings in 77521, TX

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