Is 77423, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77423 is a neutral's market

Buyer's
Market

Difference Since November 2021

At the same time last year, 77423 was a Seller's Market.

Key Takeaway

77423 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in 77423, TX cost?

Median Sold Price

$374,500

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$74,500(+24.8%)

Key Takeaway

Homes in 77423 have sold for 24.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$460K
N/A
2 $237.5K$291.5K
+22.7%
3 $247.9K$306K
+23.4%
4 $339.9K$430K
+26.5%
5+ $392K$422.7K
+7.8%

Median Sold Price Compared To Nearby Zip Codes

77423
+24.8%
77493
+17.3%
77474
+16.3%

How many homes are available in 77423, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
7064-8.6%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 10
-100.0%
2 55
0.0%
3 2323
0.0%
4 3531
-11.4%
5+ 65
-16.7%

Number of Homes Sold

Oct 2022Nov 2022%
1710-41.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77423, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
53 Days21 Days-59.7%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77423 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 77423, TX

Number of homes for sale in 77423, TX real estate market have reached 64. The number of listings in 77423, TX decreased by 8.6% between October 2022 and November 2022. While the average time on the market in November 2022 was 21 days, the median list price was $374,500. Listing prices have changed in this real estate market between October 2022 and November 2022: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties increased by 22.7%, 3 bedrooms properties became 23.4% more expensive, 4 bedrooms properties became 26.5% more expensive, the cost of 5 bedrooms properties went up by 7.8%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory decreased by 100%, 2 bedrooms homes did not move, volume of 3 bedrooms homes stayed the same, number of 4 bedrooms homes decreased by 11.4%, the quantity of 5 bedrooms homes went down by 16.7%. In November 2022 more than 5 listings in 77423, TX were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 3 were sold below.