Is 77662, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77662 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 77662 has remained a Buyer's Market.

Key Takeaway

77662 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77662, TX

How much do homes in 77662, TX cost?

Median Sold Price

$220,000

$106/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$32,200(-12.8%)

Key Takeaway

Homes in 77662 have sold for 12.8% less than they did a month ago.

Summary: The median home sold price in 77662 was $220,000 in November 2024, down 12.8% from last month, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$70K
N/A
3 $224.5K$234.4K
+4.4%
4 $279.9K-
N/A
5+ --
N/A

Summary: 77662 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 4.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

77662
-12.8%
77703
-74.0%

Housing Supply in 77662, TX

How many homes are available in 77662, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3437+8.8%

Summary: The 77662 real estate market had 37 homes for sale in November 2024, a 8.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 2227
+22.7%
4 96
-33.3%
5+ 00
0.0%

Summary: The 77662 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 22.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77662, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 77662 in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 77662, TX

How long does it take to sell a home in 77662, TX?

Average Sale Time

Oct 2024Nov 2024CHANGE
24 Days44 Days+82.8%

Summary: Homes in 77662 had an average of 44 days on market in Nov 2024, up by 82.8% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77662 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in 77662; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 22 Days Ago

Newest Listings in 77662, TX

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