Is 77450, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77450 is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, 77450 has remained a Seller's Market.

Key Takeaway

77450 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77450, TX cost?

Median Sold Price

$384,731

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$49,731(+14.8%)

Key Takeaway

Homes in 77450 have sold for 14.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $198K$237.5K
+19.9%
3 $252.3K$291K
+15.3%
4 $351K$403.1K
+14.8%
5+ $532K$610K
+14.7%

Median Sold Price Compared To Nearby Zip Codes

77494
+22.0%
77407
+16.7%
77094
+16.3%
77450
+14.8%

How many homes are available in 77450, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
189195+3.2%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 32
-33.3%
3 5858
0.0%
4 97109
+12.4%
5+ 3126
-16.1%

Number of Homes Sold

Oct 2022Nov 2022%
4243+2.4%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77450, you may be able to get a good deal. 53.5% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
21 Days28 Days+34.5%

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77450 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 77450, TX

Homes for sale in 77450, TX have reached 195. In November 2022 in 77450, TX there were 3.2% more homes for sale than in October 2022. In November 2022, listings were on the market for 28 days. During the same period, the median list price in this real estate market was $384,731. Between October 2022 and November 2022, 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 became 19.9% more expensive, 3 bedrooms properties became 15.3% more expensive, prices of 4 bedrooms properties increased by 14.8%, the cost of 5 bedrooms properties went up by 14.7%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, the quantity of 2 bedrooms homes went down by 33.3%, 3 bedrooms homes inventory did not change, 4 bedrooms homes inventory increased by 12.4%, 5 bedrooms homes inventory decreased by 16.1%. In November 2022, from all listings sold in 77450, TX there were more than 10 sold above asking price, over 23 sold below and more than 10 were sold right at the asked price.