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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77502 is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, 77502 was a Seller's Market.

Key Takeaway

77502 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 77502, TX cost?

Median Sold Price

$220,000

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$30,000(+15.8%)

Key Takeaway

Homes in 77502 have sold for 15.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $79.5K$645K
+711.3%
2 $165K$143K
-13.3%
3 $183K$210K
+14.8%
4 $210K$240K
+14.3%
5+ $209.5K$267.2K
+27.6%

Median Sold Price Compared To Nearby Zip Codes

77587
+21.4%
77502
+15.8%
77503
+14.2%
77506
+9.9%
77504
+6.7%

How many homes are available in 77502, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
5770+22.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 22
0.0%
3 2831
+10.7%
4 2331
+34.8%
5+ 35
+66.7%

Number of Homes Sold

Oct 2022Nov 2022%
139-30.8%

Asking Price vs. Sold Price

5 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 77502, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
25 Days13 Days-46.6%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 77502, TX

Number of homes for sale in 77502, TX real estate market have reached 70. Between October 2022 and November 2022, 77502, TX real estate market has seen increase in the number of listings by 22.8%. The median list price of listings available in November 2022 was $220,000, while the average time on the real estate market was 13 days. This housing market listing prices have changed between October 2022 and November 2022: 1 bedroom properties prices increased by 711.3%, prices of 2 bedrooms properties went down by 13.3%, prices of 3 bedrooms properties went up by 14.8%, prices of 4 bedrooms properties increased by 14.3%, the cost of 5 bedrooms properties went up by 27.6%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes inventory increased by 10.7%, number of 4 bedrooms homes increased by 34.8%, number of 5 bedrooms homes increased by 66.7%. Over 1 listings were sold over their listed price in November 2022 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.