Is 77003, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77003 is a neutral's market

Buyer's
Market

Difference Since November 2021

At the same time last year, 77003 was a Seller's Market.

Key Takeaway

77003 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in 77003, TX cost?

Median Sold Price

$379,666

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$21,893(+6.1%)

Key Takeaway

Homes in 77003 have sold for 6.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $204.5K$224K
+9.5%
2 $298.8K$317.5K
+6.3%
3 $382.5K$414.2K
+8.3%
4 $537K$570K
+6.1%
5+ $446K$415K
-7.0%

Median Sold Price Compared To Nearby Zip Codes

77020
+16.3%
77002
+10.2%
77004
+6.8%
77003
+6.1%

How many homes are available in 77003, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
8673-15.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 52
-60.0%
2 2618
-30.8%
3 4239
-7.1%
4 910
+11.1%
5+ 44
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
2412-50.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77003, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
39 Days17 Days-55.0%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77003 are selling fast, if you're buying plan to act quickly.

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

About 77003, TX

There are 73 homes are for sale in 77003, TX real estate market. In November 2022 in 77003, TX there were 15.1% less homes for sale than in October 2022. In November 2022, listings were on the market for 17 days. During the same period, the median list price in this real estate market was $379,666. This housing market listing prices have changed between October 2022 and November 2022: 1 bedroom properties prices increased by 9.5%, 2 bedrooms properties became 6.3% more expensive, the cost of 3 bedrooms properties went up by 8.3%, 4 bedrooms properties became 6.1% more expensive, 5 bedrooms properties prices decreased by 7%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went down by 60%, 2 bedrooms homes became 30.8% less available, 3 bedrooms homes inventory decreased by 7.1%, the quantity of 4 bedrooms homes went up by 11.1%, number of 5 bedrooms homes remained the same. While more than 4 listings in 77003, TX in November 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 6 were sold below.