Is 77503, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77503 is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, 77503 has remained a Seller's Market.

Key Takeaway

77503 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77503, TX cost?

Median Sold Price

$212,500

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$27,500(+14.9%)

Key Takeaway

Homes in 77503 have sold for 14.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $130.5K$133.7K
+2.5%
3 $185K$213K
+15.1%
4 $200K$227.4K
+13.7%
5+ $225K$170K
-24.4%

Median Sold Price Compared To Nearby Zip Codes

77502
+17.0%
77503
+14.9%
77536
+12.5%
77505
+11.5%
77506
+10.2%

How many homes are available in 77503, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
4145+9.8%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 44
0.0%
3 2525
0.0%
4 1115
+36.4%
5+ 11
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
810+25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77503, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Average Sale Time

Oct 2021Oct 2022%
19 Days40 Days+103.7%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77503 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 77503, TX

Homes for sale in 77503, TX have reached 45. In October 2022 in 77503, TX there were 9.8% more homes for sale than in September 2022. The median list price of listings available in October 2022 was $212,500, while the average time on the real estate market was 40 days. This housing market listing prices have changed between September 2022 and October 2022: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties became 2.5% more expensive, prices of 3 bedrooms properties increased by 15.1%, prices of 4 bedrooms properties went up by 13.7%, the cost of 5 bedrooms properties went down by 24.4%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes did not move, number of 3 bedrooms homes remained the same, number of 4 bedrooms homes increased by 36.4%, number of 5 bedrooms homes remained the same. Over 2 listings were sold over their listed price in October 2022 in 77503, TX. In the same period over 3 listings were sold below the listed price and 5 listings were sold for the listed price.