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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77523 is a neutral's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

77523 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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

+$25,333(+7.5%)

Key Takeaway

Homes in 77523 have sold for 7.5% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $372K$472.5K
+27.0%
3 $297.7K$301.6K
+1.3%
4 $350K$418.5K
+19.6%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

77535
+8.6%
77523
+7.5%
77521
-0.1%
77520
-7.5%

Housing Supply in 77523, TX

How many homes are available in 77523, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
176191+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 6668
+3.0%
4 8997
+9.0%
5+ 1721
+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 2024Mar 2024CHANGE
4229-31.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77523, you may be able to get a good deal. 44.8% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
90 Days54 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 77523 has remained consistent over time.

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.

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

Report Updated 20 Days Ago

Newest Listings in 77523, TX

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