$60,000
1.00 Acres
Land
Louis Tsakiris, Listing Office: LTR, Inc.
Is 77563, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 77563 was a Seller's Market.
Key Takeaway
77563 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 77563, TX
How much do homes in 77563, TX cost?
Median Sold Price
$285,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$45,000(-13.6%)
Key Takeaway
Homes in 77563 have sold for 13.6% less than they did a year ago.
Summary: The median home sold price in 77563 was $285,000 in November 2024, down 13.6% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149K | $220K | +47.7% |
| 2 Bedrooms | $298.2K | $275K | -7.8% |
| 3 Bedrooms | $351K | $287.6K | -18.0% |
| 4 Bedrooms | $325.9K | $285K | -12.6% |
| 5+ Bedrooms | $650K | $460K | -29.2% |
Summary: 77563 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.7%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes decreased by 18%, 4 bedroom homes decreased by 12.6%, and 5+ bedroom homes decreased by 29.2%.
Housing Supply in 77563, TX
How many homes are available in 77563, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 95 | 115 | +21.1% |
Summary: The 77563 real estate market had 115 homes for sale in November 2024, a 21.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 19 | 28 | +47.4% |
| 3 Bedrooms | 50 | 57 | +14.0% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The 77563 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 47.4%, 3 bedroom homes increased by 14%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 4 | -63.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77563, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 77563 in November 2024, down by 63.6% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 77563, TX
How long does it take to sell a home in 77563, TX?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 91 Days | +124.7% |
Summary: Homes in 77563 had an average of 91 days on market in Nov 2024, up by 124.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 77563 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 4 homes were sold in 77563; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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