Is 77554, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77554 is a buyer's market

Buyer's
Market

Difference Since December 2021

At the same time last year, 77554 was a Seller's Market.

Key Takeaway

77554 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 77554, TX cost?

Median Sold Price

$576,350

$390/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$82,350(+16.7%)

Key Takeaway

Homes in 77554 have sold for 16.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $135K$169.9K
+25.9%
2 $310K$387.5K
+25.0%
3 $501.1K$593K
+18.3%
4 $755K$940K
+24.5%
5+ $1.1M$1.3M
+17.2%

Median Sold Price Compared To Nearby Zip Codes

77551
+29.8%
77550
+20.4%
77554
+16.7%
77590
+8.9%
77568
+5.0%

How many homes are available in 77554, TX?

Number of Homes For Sale

Nov 2022Dec 2022%
279282+1.1%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 1316
+23.1%
2 4643
-6.5%
3 140146
+4.3%
4 6359
-6.3%
5+ 1718
+5.9%

Number of Homes Sold

Nov 2022Dec 2022%
4729-38.3%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77554, you may be able to get a good deal. 65.5% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
34 Days47 Days+37.8%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77554 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 77554, TX

77554, TX has 282 homes for sale to choose from. The inventory of homes for sale in 77554, TX between November 2022 and December 2022 increased by 1.1%. In December 2022 median list price was $576,350 and the average listing age was 47 days. From November 2022 through December 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 25.9%, the cost of 2 bedrooms properties went up by 25%, 3 bedrooms properties prices increased by 18.3%, prices of 4 bedrooms properties increased by 24.5%, prices of 5 bedrooms properties went up by 17.2%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes went up by 23.1%, 2 bedrooms homes became 6.5% less available, volume of 3 bedrooms homes went up by 4.3%, 4 bedrooms homes inventory decreased by 6.3%, volume of 5 bedrooms homes went up by 5.9%. In December 2022 more than 2 listings in 77554, TX were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 19 were sold below.