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 4 Days Ago

Newest Listings in 77573, TX

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