$4,689 Closing Credit*
$394,900
1,662 SqFt
3 Beds
•2 Full Baths
Jack Lipar, Listing Office: LGI Homes
Is 77583, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 77583 was a Seller's Market.
Key Takeaway
77583 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 77583, TX
How much do homes in 77583, TX cost?
Median Sold Price
$350,012
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,012(+7.7%)
Key Takeaway
Homes in 77583 have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in 77583 was $350,012 in October 2024, up 7.7% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210K | $353.7K | +68.5% |
| 3 Bedrooms | $285K | $297.9K | +4.6% |
| 4 Bedrooms | $346.2K | $374.9K | +8.3% |
| 5+ Bedrooms | $449.9K | $530K | +17.8% |
Summary: 77583 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 68.5%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 17.8%.
Housing Supply in 77583, TX
How many homes are available in 77583, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 321 | 393 | +22.4% |
Summary: The 77583 real estate market had 393 homes for sale in October 2024, a 22.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 96 | 131 | +36.5% |
| 4 Bedrooms | 187 | 221 | +18.2% |
| 5+ Bedrooms | 31 | 33 | +6.5% |
Summary: The 77583 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 14.3%, 3 bedroom homes increased by 36.5%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 6.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 | 50 | -13.8% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77583, you may be able to get a good deal. 64% of homes here sold below asking price last month.
Summary: A total of 50 homes were sold or pending in 77583 in October 2024, down by 13.8% month-over-month. Of the 50 sold homes, 64% were sold under asking, 24% were sold at asking, and 12% were sold over asking.
Days on Market for 77583, TX
How long does it take to sell a home in 77583, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 59 Days | 52 Days | -11.4% |
Summary: Homes in 77583 had an average of 52 days on market in Oct 2024, down by 11.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77583 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 50 homes were sold in 77583; 42% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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