Is 77063, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77063 is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 77063 was a Seller's Market.

Key Takeaway

77063 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77063, TX

How much do homes in 77063, TX cost?

Median Sold Price

$281,266

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$9,241(+3.4%)

Key Takeaway

Homes in 77063 have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in 77063 was $281,266 in March 2024, up 3.4% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $127K$116K
-8.7%
2 $186.5K$179.5K
-3.8%
3 $390.7K$363.5K
-7.0%
4 $551K$662.5K
+20.2%
5+ $1.0M$687.5K
-36.0%

Summary: 77063 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes decreased by 36%.

Median Sold Price Compared To Nearby Zip Codes

77063
+3.4%
77057
+3.0%
77024
-0.1%
77042
-5.6%
77036
-7.6%

Housing Supply in 77063, TX

How many homes are available in 77063, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
115137+19.1%

Summary: The 77063 real estate market had 137 homes for sale in March 2024, a 19.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1725
+47.1%
2 4554
+20.0%
3 3639
+8.3%
4 1314
+7.7%
5+ 45
+25.0%

Summary: The 77063 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 47.1%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2419-20.8%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77063, you may be able to get a good deal. 78.9% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 77063 in March 2024, down by 20.8% month-over-month. Of the 19 sold homes, 79% were sold under asking, 0% were sold at asking, and 21% were sold over asking.

Days on Market for 77063, TX

How long does it take to sell a home in 77063, TX?

Average Sale Time

Mar 2023Mar 2024CHANGE
46 Days41 Days-10.6%

Summary: Homes in 77063 had an average of 41 days on market in Mar 2024, down by 10.6% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77063 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 19 homes were sold in 77063; 53% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.

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

Report Updated 17 Days Ago

Newest Listings in 77063, TX

Nearby Markets to 77063, TX