Is 77562, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77562 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 77562 was a Buyer's Market.

Key Takeaway

77562 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 77562, TX

How much do homes in 77562, TX cost?

Median Sold Price

$239,500

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,750(+4.2%)

Key Takeaway

Homes in 77562 have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in 77562 was $239,500 in October 2024, up 4.2% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $207K$81.9K
-60.4%
3 $227.9K$228.2K
0.1%
4 $240K$250K
+4.2%
5+ $745K$460K
-38.3%

Summary: 77562 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 60.4%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 38.3%.

Median Sold Price Compared To Nearby Zip Codes

77530
+5.7%
77562
+4.2%
77532
+1.4%
77521
0.5%
77049
-5.7%

Housing Supply in 77562, TX

How many homes are available in 77562, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5251-1.9%

Summary: The 77562 real estate market had 51 homes for sale in October 2024, a 1.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 3330
-9.1%
4 1415
+7.1%
5+ 33
0.0%

Summary: The 77562 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 50%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
118-27.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77562, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 77562 in October 2024, down by 27.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.

Days on Market for 77562, TX

How long does it take to sell a home in 77562, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
35 Days31 Days-12.1%

Summary: Homes in 77562 had an average of 31 days on market in Oct 2024, down by 12.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77562 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in 77562; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% 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 77562, TX

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