Is 77002, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77002 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 77002 was a Neutral Market.

Key Takeaway

77002 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77002, TX cost?

Median Sold Price

$344,000

$254/sqft

Based on all homes sold in October 2022.

Difference Since Last Month

+$79,000(+29.8%)

Key Takeaway

Homes in 77002 have sold for 29.8% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2022Oct 2022%
1 $265K$230K
-13.2%
2 $307.5K$474.5K
+54.3%
3 --
N/A
4 --
N/A
5+ --
N/A

How many homes are available in 77002, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
4748+2.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 1922
+15.8%
2 2522
-12.0%
3 34
+33.3%
4 00
0.0%
5+ 00
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
79+28.6%

Asking Price vs. Sold Price

8 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 77002, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.

Average Sale Time

Sep 2022Oct 2022%
41 Days54 Days+30.5%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

6 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 77002 has remained consistent over time.

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

About 77002, TX

77002, TX has 48 homes on the market. The number of listings in 77002, TX increased by 2.1% between September 2022 and October 2022. The median list price of listings available in October 2022 was $344,000, while the average time on the real estate market was 54 days. Listing prices have changed in this real estate market between October 2021 and October 2022: 1 bedroom properties prices decreased by 13.2%, 2 bedrooms properties became 54.3% more expensive, 3 bedrooms properties became 0% more expensive, prices of 4 bedrooms properties went up by 0%, 5 bedrooms properties prices increased by 0%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went up by 15.8%, the quantity of 2 bedrooms homes went down by 12%, 3 bedrooms homes became 33.3% more available, 4 bedrooms homes inventory did not change, 5 bedrooms homes inventory did not change. While more than 0 listings in 77002, TX in October 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 8 were sold below.