Is 77573, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77573 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 77573 has remained a Seller's Market.

Key Takeaway

77573 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77573, TX

How much do homes in 77573, TX cost?

Median Sold Price

$390,000

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,909(+3.7%)

Key Takeaway

Homes in 77573 have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in 77573 was $390,000 in October 2024, up 3.7% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $177.5K$180K
+1.4%
2 $277.5K$335K
+20.7%
3 $320K$335K
+4.7%
4 $409.7K$425K
+3.7%
5+ $555K$545K
-1.8%

Summary: 77573 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 1.8%.

Median Sold Price Compared To Nearby Zip Codes

77058
+6.6%
77598
+4.9%
77573
+3.7%
77586
-0.8%
77565
-12.8%

Housing Supply in 77573, TX

How many homes are available in 77573, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
431497+15.3%

Summary: The 77573 real estate market had 497 homes for sale in October 2024, a 15.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2427
+12.5%
3 120137
+14.2%
4 237280
+18.1%
5+ 5053
+6.0%

Summary: The 77573 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 12.5%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
83109+31.3%

Asking Price vs. Sold Price

76 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77573, you may be able to get a good deal. 69.7% of homes here sold below asking price last month.

Summary: A total of 109 homes were sold or pending in 77573 in October 2024, up by 31.3% month-over-month. Of the 109 sold homes, 70% were sold under asking, 15% were sold at asking, and 16% were sold over asking.

Days on Market for 77573, TX

How long does it take to sell a home in 77573, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
29 Days34 Days+17.3%

Summary: Homes in 77573 had an average of 34 days on market in Oct 2024, up by 17.3% compared to last year.

Breakdown of Home Sale Times

67 Homes Were Sold
Under 30 Days

31 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77573 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 109 homes were sold in 77573; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 10% 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 77573, TX

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