Is 77062, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77062 is a seller's market

Buyer's
Market

Difference Since November 2020

Since last year, 77062 has remained a Seller's Market.

Key Takeaway

77062 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77062, TX cost?

Median Sold Price

$275,375

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$26,816(+10.8%)

Key Takeaway

Homes in 77062 have sold for 10.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $87.2K$95K
+8.9%
2 $146K$150K
+2.7%
3 $227.2K$257.2K
+13.2%
4 $266.9K$301K
+12.8%
5+ $327K$370K
+13.1%

Median Sold Price Compared To Nearby Zip Codes

77062
+10.8%
77598
+9.8%
77058
+5.4%
77059
+4.8%

How many homes are available in 77062, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
9585-10.5%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 00
0.0%
2 54
-20.0%
3 4740
-14.9%
4 4039
-2.5%
5+ 32
-33.3%

Number of Homes Sold

Oct 2021Nov 2021%
2632+23.1%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77062, you may be able to get a good deal. 35.5% of homes here sold below asking price last month.

Average Sale Time

Nov 2020Nov 2021%
18 Days17 Days-6.0%

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77062 are selling fast, if you're buying plan to act quickly.

About 77062, TX

There are 85 homes are for sale in 77062, TX real estate market. In November 2021 in 77062, TX there were 10.5% less homes for sale than in October 2021. Listings spent 17 days on the market in November 2021, and had a median list price of $275,375 during the same period. Between October 2021 and November 2021, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 8.9%, the cost of 2 bedrooms properties went up by 2.7%, the cost of 3 bedrooms properties went up by 13.2%, prices of 4 bedrooms properties went up by 12.8%, 5 bedrooms properties became 13.1% more expensive. This housing market inventory have changed: 1 bedroom homes inventory did not change, number of 2 bedrooms homes decreased by 20%, 3 bedrooms homes inventory decreased by 14.9%, the quantity of 4 bedrooms homes went down by 2.5%, 5 bedrooms homes inventory decreased by 33.3%. 77062, TX housing market in November 2021 saw over 9 listings sold above listed price, more than 11 sold at listed price and over 11 sold below.