Is 77583, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 77583 was a Seller's Market.
Key Takeaway
77583 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 77583, TX
How much do homes in 77583, TX cost?
Median Sold Price
$335,356
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 77583 have sold for 4.1% less than they did a year ago.
Summary: The median home sold price in 77583 was $335,356 in March 2024, down 4.1% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $312.5K | - | N/A |
| 2 Bedrooms | $171K | $218.5K | +27.8% |
| 3 Bedrooms | $295K | $289.3K | -1.9% |
| 4 Bedrooms | $395K | $356.4K | -9.8% |
| 5+ Bedrooms | $520K | $507K | -2.5% |
Summary: 77583 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 27.8%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes decreased by 2.5%.
Housing Supply in 77583, TX
How many homes are available in 77583, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 305 | 359 | +17.7% |
Summary: The 77583 real estate market had 359 homes for sale in March 2024, a 17.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 88 | 100 | +13.6% |
| 4 Bedrooms | 184 | 216 | +17.4% |
| 5+ Bedrooms | 30 | 39 | +30.0% |
Summary: The 77583 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 50%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 46 | 54 | +17.4% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77583, you may be able to get a good deal. 51.9% of homes here sold below asking price last month.
Summary: A total of 54 homes were sold or pending in 77583 in March 2024, up by 17.4% month-over-month. Of the 54 sold homes, 52% were sold under asking, 30% were sold at asking, and 19% were sold over asking.
Days on Market for 77583, TX
How long does it take to sell a home in 77583, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 75 Days | 65 Days | -14.0% |
Summary: Homes in 77583 had an average of 65 days on market in Mar 2024, down by 14% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77583 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 54 homes were sold in 77583; 48% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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