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 21 Days Ago

Newest Listings in 77523, TX

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