Is 77566, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77566 is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, 77566 has remained a Seller's Market.

Key Takeaway

77566 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77566, TX cost?

Median Sold Price

$262,499

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$22,521(+9.4%)

Key Takeaway

Homes in 77566 have sold for 9.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $65.5K$145K
+121.4%
2 $136.2K$108.6K
-20.3%
3 $220K$235.5K
+7.0%
4 $289K$350K
+21.1%
5+ $348.9K$398.2K
+14.1%

Median Sold Price Compared To Nearby Zip Codes

77541
+13.6%
77566
+9.4%
77531
+8.4%
77515
+2.7%
77422
-0.6%

How many homes are available in 77566, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
105112+6.7%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 34
+33.3%
3 3845
+18.4%
4 5252
0.0%
5+ 1211
-8.3%

Number of Homes Sold

Sep 2022Oct 2022%
2519-24.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77566, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
25 Days56 Days+118.4%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 77566 has remained consistent over time.

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

About 77566, TX

77566, TX has 112 homes for sale to choose from. The number of listings in 77566, TX increased by 6.7% between September 2022 and October 2022. In October 2022, listings were on the market for 56 days. During the same period, the median list price in this real estate market was $262,499. Listing prices have changed in this real estate market between September 2022 and October 2022: 1 bedroom properties became 121.4% more expensive, the cost of 2 bedrooms properties went down by 20.3%, the cost of 3 bedrooms properties went up by 7%, 4 bedrooms properties became 21.1% more expensive, 5 bedrooms properties prices increased by 14.1%. This housing market inventory have changed: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went up by 33.3%, 3 bedrooms homes inventory increased by 18.4%, number of 4 bedrooms homes remained the same, the quantity of 5 bedrooms homes went down by 8.3%. While more than 2 listings in 77566, TX in October 2022 were sold above asking price, there were more than 7 listings sold at asking price, and more than 10 were sold below.