Is 77083, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77083 is a seller's market

Buyer's
Market

Difference Since November 2020

Since last year, 77083 has remained a Seller's Market.

Key Takeaway

77083 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77083, TX cost?

Median Sold Price

$230,000

$115/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$35,000(+17.9%)

Key Takeaway

Homes in 77083 have sold for 17.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 -$97.5K
N/A
2 $131K$144K
+9.9%
3 $182K$214.9K
+18.1%
4 $220K$250K
+13.6%
5+ $227K$291.2K
+28.3%

Median Sold Price Compared To Nearby Zip Codes

77082
+19.0%
77083
+17.9%
77498
+15.7%
77072
+14.4%
77099
+11.3%

How many homes are available in 77083, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
144126-12.5%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 00
0.0%
2 43
-25.0%
3 7966
-16.5%
4 4447
+6.8%
5+ 1710
-41.2%

Number of Homes Sold

Oct 2021Nov 2021%
4947-4.1%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77083, you could pay more than the asking price. 46.8% of homes here sold above asking price last month.

Average Sale Time

Nov 2020Nov 2021%
34 Days17 Days-47.6%

Breakdown of Home Sale Times

39 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 77083 are selling fast, if you're buying plan to act quickly.

About 77083, TX

There are 126 homes are for sale in 77083, TX real estate market. The number of homes for sale in 77083, TX decreased by 12.5% between October 2021 and November 2021. In November 2021, listings were on the market for 17 days. During the same period, the median list price in this real estate market was $230,000. 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 0%, 2 bedrooms properties prices increased by 9.9%, the cost of 3 bedrooms properties went up by 18.1%, the cost of 4 bedrooms properties went up by 13.6%, prices of 5 bedrooms properties increased by 28.3%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went down by 25%, 3 bedrooms homes became 16.5% less available, the quantity of 4 bedrooms homes went up by 6.8%, 5 bedrooms homes became 41.2% less available. While more than 22 listings in 77083, TX in November 2021 were sold above asking price, there were more than 7 listings sold at asking price, and more than 18 were sold below.