Is 77523, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77523 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 77523 has remained a Seller's Market.

Key Takeaway

77523 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77523, TX

How much do homes in 77523, TX cost?

Median Sold Price

$374,820

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,820(+4.1%)

Key Takeaway

Homes in 77523 have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in 77523 was $374,820 in October 2024, up 4.1% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$200K
N/A
2 $237.5K$246.5K
+3.8%
3 $306K$305K
-0.3%
4 $382.6K$425K
+11.1%
5+ $430.7K$432.5K
0.4%

Summary: 77523 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 3.8%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 0.4%.

Median Sold Price Compared To Nearby Zip Codes

77523
+4.1%
77535
+0.8%
77521
0.5%
77520
-2.6%

Housing Supply in 77523, TX

How many homes are available in 77523, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
216228+5.6%

Summary: The 77523 real estate market had 228 homes for sale in October 2024, a 5.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 6776
+13.4%
4 116114
-1.7%
5+ 3035
+16.7%

Summary: The 77523 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 13.4%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4347+9.3%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77523, you may be able to get a good deal. 66% of homes here sold below asking price last month.

Summary: A total of 47 homes were sold or pending in 77523 in October 2024, up by 9.3% month-over-month. Of the 47 sold homes, 66% were sold under asking, 28% were sold at asking, and 6% were sold over asking.

Days on Market for 77523, TX

How long does it take to sell a home in 77523, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
41 Days35 Days-15.5%

Summary: Homes in 77523 had an average of 35 days on market in Oct 2024, down by 15.5% compared to last year.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77523 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 47 homes were sold in 77523; 70% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 13% 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 77523, TX

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