Is 77020, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77020 is a buyer's market

Buyer's
Market

Difference Since January 2022

At the same time last year, 77020 was a Seller's Market.

Key Takeaway

77020 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 77020, TX cost?

Median Sold Price

$345,000

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$55,000(+19.0%)

Key Takeaway

Homes in 77020 have sold for 19% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $84.9K$332.2K
+290.9%
2 $240K$179K
-25.4%
3 $305K$350.2K
+14.8%
4 $199.5K$222.5K
+11.5%
5+ $246K$215.2K
-12.5%

Median Sold Price Compared To Nearby Zip Codes

77026
+27.0%
77020
+19.0%
77003
+8.7%
77011
+2.4%

How many homes are available in 77020, TX?

Number of Homes For Sale

Dec 2022Jan 2023%
80100+25.0%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 02
+100.0%
2 1620
+25.0%
3 6374
+17.5%
4 01
+100.0%
5+ 13
+200.0%

Number of Homes Sold

Dec 2022Jan 2023%
13130.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77020, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
52 Days28 Days-45.1%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77020 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 77020, TX

Homes for sale in 77020, TX have reached 100. In January 2023 in 77020, TX there were 25% more homes for sale than in December 2022. The median list price of listings available in January 2023 was $345,000, while the average time on the real estate market was 28 days. Real estate listing prices changed between December 2022 and January 2023: prices of 1 bedroom properties went up by 290.9%, the cost of 2 bedrooms properties went down by 25.4%, the cost of 3 bedrooms properties went up by 14.8%, prices of 4 bedrooms properties went up by 11.5%, 5 bedrooms properties prices decreased by 12.5%. Housing inventory have changed in this real estate market: 1 bedroom homes became 100% more available, 2 bedrooms homes became 25% more available, the quantity of 3 bedrooms homes went up by 17.5%, the quantity of 4 bedrooms homes went up by 100%, 5 bedrooms homes inventory increased by 200%. In January 2023 more than 1 listings in 77020, TX were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 8 were sold below.