Is 77437, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77437 is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, 77437 has remained a Seller's Market.

Key Takeaway

77437 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77437, TX cost?

Median Sold Price

$230,000

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$50,000(+27.8%)

Key Takeaway

Homes in 77437 have sold for 27.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $50K$25K
-50.0%
2 $102K$102.7K
+0.7%
3 $191K$235K
+23.0%
4 $264K$350K
+32.6%
5+ $305K$303.5K
-0.5%

Median Sold Price Compared To Nearby Zip Codes

77437
+27.8%
77488
+6.7%

How many homes are available in 77437, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
8284+2.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 32
-33.3%
2 1318
+38.5%
3 3839
+2.6%
4 2117
-19.0%
5+ 78
+14.3%

Number of Homes Sold

Oct 2022Nov 2022%
915+66.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77437, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
64 Days38 Days-39.7%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77437 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 77437, TX

Homes for sale in 77437, TX have reached 84. The inventory of homes for sale in 77437, TX between October 2022 and November 2022 increased by 2.4%. In November 2022 median list price was $230,000 and the average listing age was 38 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went down by 50%, 2 bedrooms properties prices increased by 0.7%, prices of 3 bedrooms properties went up by 23%, prices of 4 bedrooms properties went up by 32.6%, prices of 5 bedrooms properties went down by 0.5%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes decreased by 33.3%, 2 bedrooms homes inventory increased by 38.5%, 3 bedrooms homes became 2.6% more available, volume of 4 bedrooms homes went down by 19%, 5 bedrooms homes became 14.3% more available. In November 2022 more than 1 listings in 77437, TX were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 11 were sold below.