Is 77023, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77023 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 77023 has remained a Seller's Market.

Key Takeaway

77023 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77023, TX cost?

Median Sold Price

$315,575

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$23,137(+7.9%)

Key Takeaway

Homes in 77023 have sold for 7.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $300K$335K
+11.7%
2 $272.5K$291K
+6.8%
3 $293.4K$337.7K
+15.1%
4 $400K$300K
-25.0%
5+ $315K$373.7K
+18.7%

Median Sold Price Compared To Nearby Zip Codes

77023
+7.9%
77003
+0.6%

How many homes are available in 77023, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
8996+7.9%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 43
-25.0%
2 2221
-4.5%
3 4750
+6.4%
4 1521
+40.0%
5+ 11
0.0%

Number of Homes Sold

Sep 2021Oct 2021%
1518+20.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77023, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Average Sale Time

Oct 2020Oct 2021%
35 Days36 Days+5.3%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77023 are selling fast, if you're buying plan to act quickly.

About 77023, TX

Number of homes for sale in 77023, TX real estate market have reached 96. The number of listings in 77023, TX increased by 7.9% between September 2021 and October 2021. While the average time on the market in October 2021 was 36 days, the median list price was $315,575. From September 2021 through October 2021, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 11.7%, the cost of 2 bedrooms properties went up by 6.8%, 3 bedrooms properties became 15.1% more expensive, prices of 4 bedrooms properties decreased by 25%, 5 bedrooms properties prices increased by 18.7%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes decreased by 25%, 2 bedrooms homes inventory decreased by 4.5%, 3 bedrooms homes became 6.4% more available, number of 4 bedrooms homes increased by 40%, number of 5 bedrooms homes remained the same. Over 3 listings were sold over their listed price in October 2021 in 77023, TX. In the same period over 10 listings were sold below the listed price and 5 listings were sold for the listed price.