Is 77505, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77505 is a seller's market

Buyer's
Market

Difference Since December 2021

Since last year, 77505 has remained a Seller's Market.

Key Takeaway

77505 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77505, TX cost?

Median Sold Price

$295,750

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$35,083(+13.5%)

Key Takeaway

Homes in 77505 have sold for 13.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 --
N/A
2 $187.5K$245K
+30.7%
3 $237.4K$257.7K
+8.6%
4 $296K$349K
+17.9%
5+ $364K$410K
+12.6%

Median Sold Price Compared To Nearby Zip Codes

77503
+13.6%
77505
+13.5%
77536
+10.2%
77059
+8.3%
77504
+4.2%

How many homes are available in 77505, TX?

Number of Homes For Sale

Nov 2022Dec 2022%
4042+5.0%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 00
0.0%
3 1820
+11.1%
4 1515
0.0%
5+ 77
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
1211-8.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77505, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
14 Days52 Days+250.3%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77505 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 77505, TX

77505, TX has 42 homes for sale to choose from. In December 2022 in 77505, TX there were 5% more homes for sale than in November 2022. In December 2022 median list price was $295,750 and the average listing age was 52 days. Listing prices have changed in this real estate market between November 2022 and December 2022: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 30.7%, 3 bedrooms properties became 8.6% more expensive, the cost of 4 bedrooms properties went up by 17.9%, prices of 5 bedrooms properties increased by 12.6%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory did not change, the quantity of 3 bedrooms homes went up by 11.1%, 4 bedrooms homes inventory did not change, 5 bedrooms homes inventory did not change. 77505, TX housing market in December 2022 saw over 2 listings sold above listed price, more than 1 sold at listed price and over 8 sold below.