Is 77523, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$365,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77523 was $365,000 in March 2024, up 7.5% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $372K | $472.5K | +27.0% |
3 Bedrooms | $297.7K | $301.6K | +1.3% |
4 Bedrooms | $350K | $418.5K | +19.6% |
5+ Bedrooms | $460K | $426K | -7.4% |
Summary: 77523 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes decreased by 7.4%.
Housing Supply in 77523, TX
How many homes are available in 77523, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
176 | 191 | +8.5% |
Summary: The 77523 real estate market had 191 homes for sale in March 2024, a 8.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 66 | 68 | +3.0% |
4 Bedrooms | 89 | 97 | +9.0% |
5+ Bedrooms | 17 | 21 | +23.5% |
Summary: The 77523 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 29 | -31.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 77523 in March 2024, down by 31.0% month-over-month. Of the 29 sold homes, 45% were sold under asking, 41% were sold at asking, and 14% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
90 Days | 54 Days | -40.0% |
Summary: Homes in 77523 had an average of 54 days on market in Mar 2024, down by 40% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in 77523; 38% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.