Is 77488, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77488 is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, 77488 was a Seller's Market.

Key Takeaway

77488 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 77488, TX cost?

Median Sold Price

$201,750

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$27,250(+15.6%)

Key Takeaway

Homes in 77488 have sold for 15.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $42K$200K
+376.2%
2 $110.4K$160K
+44.9%
3 $189.5K$190K
0.3%
4 $225K$265K
+17.8%
5+ $296.1K$350K
+18.2%

How many homes are available in 77488, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
5559+7.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 11
0.0%
2 1113
+18.2%
3 3134
+9.7%
4 97
-22.2%
5+ 34
+33.3%

Number of Homes Sold

Sep 2022Oct 2022%
86-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77488, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
68 Days65 Days-3.7%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77488 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 77488, TX

There are 59 homes are for sale in 77488, TX real estate market. In October 2022 in 77488, TX there were 7.3% more homes for sale than in September 2022. In October 2022, listings were on the market for 65 days. During the same period, the median list price in this real estate market was $201,750. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 376.2% more expensive, the cost of 2 bedrooms properties went up by 44.9%, prices of 3 bedrooms properties went up by 0.3%, prices of 4 bedrooms properties increased by 17.8%, prices of 5 bedrooms properties increased by 18.2%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 18.2% more available, number of 3 bedrooms homes increased by 9.7%, 4 bedrooms homes inventory decreased by 22.2%, the quantity of 5 bedrooms homes went up by 33.3%. In October 2022 more than 0 listings in 77488, TX were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 3 were sold below.