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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77423 is a seller's market

Buyer's
Market

Difference Since November 2020

Since last year, 77423 has remained a Seller's Market.

Key Takeaway

77423 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77423, TX cost?

Median Sold Price

$300,500

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$46,005(+18.1%)

Key Takeaway

Homes in 77423 have sold for 18.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $205K-
N/A
2 $180K$237.5K
+31.9%
3 $215.9K$248.4K
+15.0%
4 $288.8K$331K
+14.6%
5+ $280K$398.5K
+42.3%

Median Sold Price Compared To Nearby Zip Codes

77423
+18.1%
77493
+16.4%
77474
+10.8%

How many homes are available in 77423, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
6459-7.8%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 00
0.0%
2 32
-33.3%
3 2023
+15.0%
4 3930
-23.1%
5+ 24
+100.0%

Number of Homes Sold

Oct 2021Nov 2021%
1317+30.8%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77423, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.

Average Sale Time

Nov 2020Nov 2021%
68 Days61 Days-10.2%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 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.

About 77423, TX

77423, TX has 59 homes on the market. The inventory of homes for sale in 77423, TX between October 2021 and November 2021 decreased by 7.8%. In November 2021 median list price was $300,500 and the average listing age was 61 days. Listing prices have changed in this real estate market between October 2021 and November 2021: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 31.9%, 3 bedrooms properties prices increased by 15%, the cost of 4 bedrooms properties went up by 14.6%, prices of 5 bedrooms properties went up by 42.3%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, 2 bedrooms homes inventory decreased by 33.3%, the quantity of 3 bedrooms homes went up by 15%, number of 4 bedrooms homes decreased by 23.1%, 5 bedrooms homes became 100% more available. While more than 4 listings in 77423, TX in November 2021 were sold above asking price, there were more than 6 listings sold at asking price, and more than 7 were sold below.