Is 77703, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77703 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 77703 was a Seller's Market.

Key Takeaway

77703 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 77703, TX

How much do homes in 77703, TX cost?

Median Sold Price

$39,000

$38/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$111,000(-74.0%)

Key Takeaway

Homes in 77703 have sold for 74% less than they did a month ago.

Summary: The median home sold price in 77703 was $39,000 in November 2024, down 74% from last month, and the median price per square foot was $38.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$39K
N/A
3 $150K-
N/A
4 --
N/A
5+ --
N/A

Summary: 77703 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 did not change, 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 77703, TX

How many homes are available in 77703, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1412-14.3%

Summary: The 77703 real estate market had 12 homes for sale in November 2024, a 14.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 108
-20.0%
4 11
0.0%
5+ 00
0.0%

Summary: The 77703 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77703, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 77703 in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 77703, TX

How long does it take to sell a home in 77703, TX?

Average Sale Time

Oct 2024Nov 2024CHANGE
84 Days21 Days-74.5%

Summary: Homes in 77703 had an average of 21 days on market in Nov 2024, down by 74.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77703 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in 77703; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 77703, TX

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