Is 77578, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77578 is a neutral's market

Buyer's
Market

Difference Since October 2021

At the same time last year, 77578 was a Seller's Market.

Key Takeaway

77578 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in 77578, TX cost?

Median Sold Price

$402,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$42,000(+11.7%)

Key Takeaway

Homes in 77578 have sold for 11.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 -$585K
N/A
2 $185K$220K
+18.9%
3 $277.7K$316K
+13.8%
4 $375.1K$415K
+10.6%
5+ $422.7K$484.5K
+14.6%

Median Sold Price Compared To Nearby Zip Codes

77511
+18.3%
77584
+17.1%
77583
+14.1%
77578
+11.7%

How many homes are available in 77578, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
131141+7.6%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 11
0.0%
2 33
0.0%
3 3534
-2.9%
4 7080
+14.3%
5+ 2223
+4.5%

Number of Homes Sold

Sep 2022Oct 2022%
2522-12.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77578, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
29 Days42 Days+44.7%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 77578 has remained consistent over time.

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

About 77578, TX

77578, TX has 141 homes on the market. In October 2022 in 77578, TX there were 7.6% more homes for sale than in September 2022. While the average time on the market in October 2022 was 42 days, the median list price was $402,000. Real estate listing prices changed between September 2022 and October 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 18.9%, 3 bedrooms properties prices increased by 13.8%, 4 bedrooms properties prices increased by 10.6%, 5 bedrooms properties became 14.6% more expensive. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes have not changed, number of 3 bedrooms homes decreased by 2.9%, volume of 4 bedrooms homes went up by 14.3%, number of 5 bedrooms homes increased by 4.5%. In October 2022 more than 1 listings in 77578, TX were sold above the asking price. During the same period more than 7 listings were sold at asking price, while more than 14 were sold below.