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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77520 is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, 77520 was a Seller's Market.

Key Takeaway

77520 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 77520, TX cost?

Median Sold Price

$198,500

$117/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$27,520(+16.1%)

Key Takeaway

Homes in 77520 have sold for 16.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $72K$85K
+18.1%
2 $107.5K$138.5K
+28.8%
3 $173.5K$194.7K
+12.2%
4 $240K$252K
+5.0%
5+ $229.5K$273.5K
+19.2%

Median Sold Price Compared To Nearby Zip Codes

77562
+21.7%
77520
+16.1%
77571
+15.9%
77521
+14.5%
77523
+4.0%

How many homes are available in 77520, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
130135+3.8%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 44
0.0%
2 1514
-6.7%
3 6669
+4.5%
4 3941
+5.1%
5+ 67
+16.7%

Number of Homes Sold

Sep 2022Oct 2022%
2418-25.0%

Asking Price vs. Sold Price

11 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 77520, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
51 Days31 Days-39.4%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

7 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.

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

About 77520, TX

77520, TX has 135 homes for sale to choose from. The number of homes for sale in 77520, TX increased by 3.8% between September 2022 and October 2022. The median list price of listings available in October 2022 was $198,500, while the average time on the real estate market was 31 days. Real estate listing prices changed between September 2022 and October 2022: 1 bedroom properties prices increased by 18.1%, 2 bedrooms properties prices increased by 28.8%, the cost of 3 bedrooms properties went up by 12.2%, the cost of 4 bedrooms properties went up by 5%, prices of 5 bedrooms properties increased by 19.2%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, number of 2 bedrooms homes decreased by 6.7%, 3 bedrooms homes became 4.5% more available, 4 bedrooms homes became 5.1% more available, the quantity of 5 bedrooms homes went up by 16.7%. 77520, TX housing market in October 2022 saw over 2 listings sold above listed price, more than 5 sold at listed price and over 11 sold below.