Is 75862, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 75862 is a seller's market

Buyer's
Market

Difference Since November 2020

Since last year, 75862 has remained a Seller's Market.

Key Takeaway

75862 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 75862, TX cost?

Median Sold Price

$220,000

$117/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$52,000(+31.0%)

Key Takeaway

Homes in 75862 have sold for 31% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $45K$55.7K
+23.8%
2 $86K$114K
+32.6%
3 $180K$234.9K
+30.5%
4 $228.7K$283K
+23.7%
5+ $318.7K$417.5K
+31.0%

Median Sold Price Compared To Nearby Zip Codes

77360
+32.5%
75862
+31.0%
77320
+15.9%
75851
-14.8%

How many homes are available in 75862, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
7669-9.2%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 44
0.0%
2 1310
-23.1%
3 4543
-4.4%
4 1311
-15.4%
5+ 11
0.0%

Number of Homes Sold

Oct 2021Nov 2021%
1220+66.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 75862, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Average Sale Time

Nov 2020Nov 2021%
177 Days51 Days-71.1%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 75862 has remained consistent over time.

About 75862, TX

Number of homes for sale in 75862, TX real estate market have reached 69. The number of homes for sale in 75862, TX decreased by 9.2% between October 2021 and November 2021. In November 2021, listings were on the market for 51 days. During the same period, the median list price in this real estate market was $220,000. Listing prices have changed in this real estate market between October 2021 and November 2021: the cost of 1 bedroom properties went up by 23.8%, 2 bedrooms properties became 32.6% more expensive, 3 bedrooms properties prices increased by 30.5%, prices of 4 bedrooms properties increased by 23.7%, 5 bedrooms properties became 31% more expensive. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes decreased by 23.1%, 3 bedrooms homes became 4.4% less available, number of 4 bedrooms homes decreased by 15.4%, 5 bedrooms homes inventory did not change. 75862, TX housing market in November 2021 saw over 2 listings sold above listed price, more than 6 sold at listed price and over 10 sold below.