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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 75862 is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, 75862 was a Seller's Market.

Key Takeaway

75862 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 75862, TX cost?

Median Sold Price

$225,000

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$5,000(+2.3%)

Key Takeaway

Homes in 75862 have sold for 2.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $55.7K$95K
+70.6%
2 $114K$147.5K
+29.3%
3 $235K$242K
+3.0%
4 $283K$279K
-1.4%
5+ $417.5K$582K
+39.4%

Median Sold Price Compared To Nearby Zip Codes

75851
+49.1%
77320
+8.5%
75862
+2.3%
77360
-13.5%

How many homes are available in 75862, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
9895-3.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 42
-50.0%
2 1719
+11.8%
3 6559
-9.2%
4 1215
+25.0%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
134-69.2%

Asking Price vs. Sold Price

4 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 75862, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
51 Days54 Days+6.1%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 75862, TX

There are 95 homes are for sale in 75862, TX real estate market. The inventory of homes for sale in 75862, TX between October 2022 and November 2022 decreased by 3.1%. While the average time on the market in November 2022 was 54 days, the median list price was $225,000. This housing market listing prices have changed between October 2022 and November 2022: 1 bedroom properties prices increased by 70.6%, 2 bedrooms properties became 29.3% more expensive, the cost of 3 bedrooms properties went up by 3%, 4 bedrooms properties became 1.4% more cheaper, prices of 5 bedrooms properties increased by 39.4%. This housing market inventory have changed: 1 bedroom homes became 50% less available, the quantity of 2 bedrooms homes went up by 11.8%, number of 3 bedrooms homes decreased by 9.2%, the quantity of 4 bedrooms homes went up by 25%, number of 5 bedrooms homes remained the same. Over 0 listings were sold over their listed price in November 2022 in 75862, TX. In the same period over 4 listings were sold below the listed price and 0 listings were sold for the listed price.