Is 77362, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77362 is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, 77362 has remained a Seller's Market.

Key Takeaway

77362 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77362, TX cost?

Median Sold Price

$361,000

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

-$19,000(-5.0%)

Key Takeaway

Homes in 77362 have sold for 5% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $460K-
N/A
2 -$186K
N/A
3 $262.5K$277.5K
+5.7%
4 $465K$405K
-12.9%
5+ $531K$605.9K
+14.1%

Median Sold Price Compared To Nearby Zip Codes

77354
+23.0%
77375
+14.6%
77355
+10.9%
77362
-5.0%

How many homes are available in 77362, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
3235+9.4%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 00
0.0%
3 1212
0.0%
4 1518
+20.0%
5+ 55
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
87-12.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77362, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
21 Days19 Days-7.4%

Breakdown of Home Sale Times

5 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 77362 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 77362, TX

There are 35 homes are for sale in 77362, TX real estate market. Between September 2022 and October 2022, 77362, TX real estate market has seen increase in the number of listings by 9.4%. While the average time on the market in October 2022 was 19 days, the median list price was $361,000. This housing market listing prices have changed between September 2022 and October 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 0%, prices of 3 bedrooms properties increased by 5.7%, the cost of 4 bedrooms properties went down by 12.9%, 5 bedrooms properties became 14.1% more expensive. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, number of 2 bedrooms homes remained the same, the quantity of 3 bedrooms homes have not changed, 4 bedrooms homes inventory increased by 20%, 5 bedrooms homes did not move. Over 0 listings were sold over their listed price in October 2022 in 77362, TX. In the same period over 5 listings were sold below the listed price and 2 listings were sold for the listed price.