Is 77523, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, 77523 was a Seller's Market.
Housing Prices in 77523, TX
How much do homes in 77523, TX cost?
Median Sold Price
$379,908
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in 77523 was $379,908 in June 2024, up 10.1% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $359K | $294K | -18.1% |
3 Bedrooms | $298.3K | $332K | +11.3% |
4 Bedrooms | $369K | $418.5K | +13.4% |
5+ Bedrooms | $420K | $443K | +5.5% |
Summary: 77523 housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.1%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 5.5%.
Housing Supply in 77523, TX
How many homes are available in 77523, TX?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
193 | 225 | +16.6% |
Summary: The 77523 real estate market had 225 homes for sale in June 2024, a 16.6% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 64 | 69 | +7.8% |
4 Bedrooms | 110 | 130 | +18.2% |
5+ Bedrooms | 16 | 22 | +37.5% |
Summary: The 77523 housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
39 | 25 | -35.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in 77523 in June 2024, down by 35.9% month-over-month. Of the 25 sold homes, 52% were sold under asking, 32% were sold at asking, and 16% were sold over asking.
Days on Market for 77523, TX
How long does it take to sell a home in 77523, TX?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
55 Days | 81 Days | +47.1% |
Summary: Homes in 77523 had an average of 81 days on market in Jun 2024, up by 47.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During June 2024, 25 homes were sold in 77523; 40% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.