Is 77562, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 77562 has remained a Seller's Market.
Housing Prices in 77562, TX
How much do homes in 77562, TX cost?
Median Sold Price
$229,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77562 was $229,000 in March 2024, down 2.6% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $182.5K | $199.9K | +9.6% |
3 Bedrooms | $235K | $222.4K | -5.3% |
4 Bedrooms | $249.9K | $248.9K | -0.4% |
5+ Bedrooms | $397.5K | $344.9K | -13.2% |
Summary: 77562 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 9.6%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 13.2%.
Housing Supply in 77562, TX
How many homes are available in 77562, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
41 | 46 | +12.2% |
Summary: The 77562 real estate market had 46 homes for sale in March 2024, a 12.2% 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 | 1 | 3 | +200.0% |
3 Bedrooms | 21 | 22 | +4.8% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 77562 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 200%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 77562 in March 2024, the same as the previous month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.
Days on Market for 77562, TX
How long does it take to sell a home in 77562, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 51 Days | +7.1% |
Summary: Homes in 77562 had an average of 51 days on market in Mar 2024, up by 7.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in 77562; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.