Is 77520, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77520 is a seller's market

Buyer's
Market

Difference Since November 2020

Since last year, 77520 has remained a Seller's Market.

Key Takeaway

77520 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77520, TX cost?

Median Sold Price

$171,750

$107/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$21,750(+14.5%)

Key Takeaway

Homes in 77520 have sold for 14.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $39.5K$72K
+82.3%
2 $109.5K$105K
-4.1%
3 $150K$174.4K
+16.3%
4 $204K$241K
+18.1%
5+ $220K$239.7K
+9.0%

Median Sold Price Compared To Nearby Zip Codes

77520
+14.5%
77571
+14.3%
77521
+12.7%
77562
+11.3%
77523
+1.7%

How many homes are available in 77520, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
122124+1.6%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 23
+50.0%
2 2023
+15.0%
3 6362
-1.6%
4 3125
-19.4%
5+ 611
+83.3%

Number of Homes Sold

Oct 2021Nov 2021%
2634+30.8%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77520, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.

Average Sale Time

Nov 2020Nov 2021%
30 Days20 Days-33.3%

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77520 are selling fast, if you're buying plan to act quickly.

About 77520, TX

There are 124 homes are for sale in 77520, TX real estate market. The inventory of homes for sale in 77520, TX between October 2021 and November 2021 increased by 1.6%. The median list price of listings available in November 2021 was $171,750, while the average time on the real estate market was 20 days. From October 2021 through November 2021, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 82.3%, the cost of 2 bedrooms properties went down by 4.1%, prices of 3 bedrooms properties increased by 16.3%, prices of 4 bedrooms properties went up by 18.1%, 5 bedrooms properties became 9% more expensive. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes went up by 50%, the quantity of 2 bedrooms homes went up by 15%, volume of 3 bedrooms homes went down by 1.6%, the quantity of 4 bedrooms homes went down by 19.4%, volume of 5 bedrooms homes went up by 83.3%. In November 2021 more than 6 listings in 77520, TX were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 20 were sold below.