Is 77523, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77523 is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, 77523 was a Seller's Market.

Key Takeaway

77523 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 77523, TX cost?

Median Sold Price

$334,000

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$34,000(+11.3%)

Key Takeaway

Homes in 77523 have sold for 11.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $116K-
N/A
2 $371K$372K
0.3%
3 $250K$276K
+10.4%
4 $349.5K$356K
+1.9%
5+ $385K$451.9K
+17.4%

Median Sold Price Compared To Nearby Zip Codes

77520
+16.4%
77521
+13.2%
77523
+11.3%
77535
+7.6%

How many homes are available in 77523, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
147153+4.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 11
0.0%
3 5755
-3.5%
4 7681
+6.6%
5+ 1316
+23.1%

Number of Homes Sold

Oct 2022Nov 2022%
2720-25.9%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77523, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
24 Days48 Days+98.3%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77523 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 77523, TX

77523, TX has 153 homes on the market. In November 2022 in 77523, TX there were 4.1% more homes for sale than in October 2022. Listings spent 48 days on the market in November 2022, and had a median list price of $334,000 during the same period. Listing prices have changed in this real estate market between October 2022 and November 2022: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 0.3%, 3 bedrooms properties became 10.4% more expensive, 4 bedrooms properties became 1.9% more expensive, 5 bedrooms properties prices increased by 17.4%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes inventory decreased by 3.5%, volume of 4 bedrooms homes went up by 6.6%, volume of 5 bedrooms homes went up by 23.1%. Over 2 listings were sold over their listed price in November 2022 in 77523, TX. In the same period over 14 listings were sold below the listed price and 4 listings were sold for the listed price.