Is 77502, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77502 is a seller's market

Buyer's
Market

Difference Since November 2020

Since last year, 77502 has remained a Seller's Market.

Key Takeaway

77502 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77502, TX cost?

Median Sold Price

$190,000

$117/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$21,250(+12.6%)

Key Takeaway

Homes in 77502 have sold for 12.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 -$79.5K
N/A
2 $158.9K$165K
+3.8%
3 $160K$183K
+14.4%
4 $183.8K$210K
+14.3%
5+ $233K$209.5K
-10.1%

Median Sold Price Compared To Nearby Zip Codes

77504
+16.9%
77587
+14.1%
77503
+13.9%
77502
+12.6%
77506
+11.8%

How many homes are available in 77502, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
5654-3.6%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 00
0.0%
2 43
-25.0%
3 3028
-6.7%
4 2022
+10.0%
5+ 21
-50.0%

Number of Homes Sold

Oct 2021Nov 2021%
2012-40.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77502, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2020Nov 2021%
29 Days17 Days-41.5%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77502 are selling fast, if you're buying plan to act quickly.

About 77502, TX

Number of homes for sale in 77502, TX real estate market have reached 54. The number of listings in 77502, TX decreased by 3.6% between October 2021 and November 2021. In November 2021 median list price was $190,000 and the average listing age was 17 days. Real estate listing prices changed between October 2021 and November 2021: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 3.8%, 3 bedrooms properties prices increased by 14.4%, prices of 4 bedrooms properties went up by 14.3%, 5 bedrooms properties prices decreased by 10.1%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes decreased by 25%, number of 3 bedrooms homes decreased by 6.7%, number of 4 bedrooms homes increased by 10%, 5 bedrooms homes became 50% less available. Over 4 listings were sold over their listed price in November 2021 in 77502, TX. In the same period over 5 listings were sold below the listed price and 3 listings were sold for the listed price.