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 2020

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

$185,000

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$20,000(+12.1%)

Key Takeaway

Homes in 77503 have sold for 12.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 --
N/A
2 $115.5K$130.5K
+13.0%
3 $161K$185K
+14.9%
4 $175K$200K
+14.3%
5+ $175.5K$225K
+28.2%

Median Sold Price Compared To Nearby Zip Codes

77506
+13.9%
77503
+12.1%
77502
+11.7%
77536
+11.4%
77505
+6.1%

How many homes are available in 77503, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
4641-10.9%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 00
0.0%
2 76
-14.3%
3 3329
-12.1%
4 55
0.0%
5+ 11
0.0%

Number of Homes Sold

Sep 2021Oct 2021%
15150.0%

Asking Price vs. Sold Price

8 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 77503, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.

Average Sale Time

Oct 2020Oct 2021%
26 Days19 Days-25.6%

Breakdown of Home Sale Times

12 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 77503 are selling fast, if you're buying plan to act quickly.

About 77503, TX

Homes for sale in 77503, TX have reached 41. Between September 2021 and October 2021, 77503, TX real estate market has seen decrease in the number of listings by 10.9%. The median list price of listings available in October 2021 was $185,000, while the average time on the real estate market was 19 days. This housing market listing prices have changed between September 2021 and October 2021: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 13%, 3 bedrooms properties became 14.9% more expensive, 4 bedrooms properties prices increased by 14.3%, 5 bedrooms properties prices increased by 28.2%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went down by 14.3%, number of 3 bedrooms homes decreased by 12.1%, volume of 4 bedrooms homes stayed the same, volume of 5 bedrooms homes stayed the same. While more than 4 listings in 77503, TX in October 2021 were sold above asking price, there were more than 3 listings sold at asking price, and more than 8 were sold below.