Is 77573, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77573 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 77573 has remained a Seller's Market.

Key Takeaway

77573 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77573, TX

How much do homes in 77573, TX cost?

Median Sold Price

$379,377

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$3,518(+0.9%)

Key Takeaway

Homes in 77573 have sold for 0.9% more than they did a year ago.

Summary: The median home sold price in 77573 was $379,377 in March 2024, up 0.9% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $160K$201.2K
+25.8%
2 $289.9K$330K
+13.8%
3 $323.1K$320.8K
-0.7%
4 $405K$421.3K
+4.0%
5+ $534K$530K
-0.7%

Summary: 77573 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.8%, 2 bedroom homes increased by 13.8%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 0.7%.

Median Sold Price Compared To Nearby Zip Codes

77058
+11.7%
77598
+4.0%
77586
+3.4%
77573
+0.9%
77565
-2.8%

Housing Supply in 77573, TX

How many homes are available in 77573, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
347385+11.0%

Summary: The 77573 real estate market had 385 homes for sale in March 2024, a 11.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 2225
+13.6%
3 122138
+13.1%
4 169181
+7.1%
5+ 3340
+21.2%

Summary: The 77573 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 13.6%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 21.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
8194+16.0%

Asking Price vs. Sold Price

53 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77573, you may be able to get a good deal. 56.4% of homes here sold below asking price last month.

Summary: A total of 94 homes were sold or pending in 77573 in March 2024, up by 16.0% month-over-month. Of the 94 sold homes, 56% were sold under asking, 22% were sold at asking, and 21% were sold over asking.

Days on Market for 77573, TX

How long does it take to sell a home in 77573, TX?

Average Sale Time

Mar 2023Mar 2024CHANGE
32 Days40 Days+23.4%

Summary: Homes in 77573 had an average of 40 days on market in Mar 2024, up by 23.4% compared to last year.

Breakdown of Home Sale Times

57 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77573 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 94 homes were sold in 77573; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 14% 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 18 Days Ago

Newest Listings in 77573, TX

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