Is 77498, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77498 is a neutral's market

Buyer's
Market

Difference Since November 2021

At the same time last year, 77498 was a Seller's Market.

Key Takeaway

77498 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 77498, TX cost?

Median Sold Price

$320,000

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$45,000(+16.4%)

Key Takeaway

Homes in 77498 have sold for 16.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $190K$220.5K
+16.1%
2 $175K$224.5K
+28.3%
3 $249.9K$275.1K
+10.0%
4 $288K$336K
+16.7%
5+ $385K$474.9K
+23.4%

Median Sold Price Compared To Nearby Zip Codes

77407
+16.7%
77498
+16.4%
77099
+16.2%
77083
+15.4%
77478
+11.1%

How many homes are available in 77498, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
109111+1.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 44
0.0%
3 4042
+5.0%
4 4546
+2.2%
5+ 2019
-5.0%

Number of Homes Sold

Oct 2022Nov 2022%
3016-46.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77498, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
16 Days22 Days+40.6%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77498 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 77498, TX

There are 111 homes are for sale in 77498, TX real estate market. The number of homes for sale in 77498, TX increased by 1.8% between October 2022 and November 2022. The median list price of listings available in November 2022 was $320,000, while the average time on the real estate market was 22 days. Real estate listing prices changed between October 2022 and November 2022: 1 bedroom properties prices increased by 16.1%, prices of 2 bedrooms properties went up by 28.3%, 3 bedrooms properties became 10% more expensive, 4 bedrooms properties prices increased by 16.7%, prices of 5 bedrooms properties increased by 23.4%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, number of 2 bedrooms homes remained the same, the quantity of 3 bedrooms homes went up by 5%, the quantity of 4 bedrooms homes went up by 2.2%, number of 5 bedrooms homes decreased by 5%. Over 4 listings were sold over their listed price in November 2022 in 77498, TX. In the same period over 11 listings were sold below the listed price and 1 listings were sold for the listed price.