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 2021

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

$352,125

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$38,875(+12.4%)

Key Takeaway

Homes in 77023 have sold for 12.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $335K$575K
+71.6%
2 $292K$307.4K
+5.3%
3 $337.6K$371.4K
+10.0%
4 $300K$395K
+31.7%
5+ $373.7K$440K
+17.7%

Median Sold Price Compared To Nearby Zip Codes

77023
+12.4%
77003
+5.0%

How many homes are available in 77023, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
7076+8.6%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 23
+50.0%
2 2122
+4.8%
3 3638
+5.6%
4 910
+11.1%
5+ 23
+50.0%

Number of Homes Sold

Sep 2022Oct 2022%
1213+8.3%

Asking Price vs. Sold Price

7 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 77023, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
36 Days13 Days-61.7%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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.

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

About 77023, TX

There are 76 homes are for sale in 77023, TX real estate market. The inventory of homes for sale in 77023, TX between September 2022 and October 2022 increased by 8.6%. While the average time on the market in October 2022 was 13 days, the median list price was $352,125. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 71.6%, prices of 2 bedrooms properties went up by 5.3%, prices of 3 bedrooms properties increased by 10%, 4 bedrooms properties prices increased by 31.7%, prices of 5 bedrooms properties went up by 17.7%. This housing market inventory have changed: the quantity of 1 bedroom homes went up by 50%, 2 bedrooms homes inventory increased by 4.8%, the quantity of 3 bedrooms homes went up by 5.6%, number of 4 bedrooms homes increased by 11.1%, 5 bedrooms homes inventory increased by 50%. Over 4 listings were sold over their listed price in October 2022 in 77023, TX. In the same period over 7 listings were sold below the listed price and 2 listings were sold for the listed price.