Is 77662, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77662 is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, 77662 has remained a Seller's Market.

Key Takeaway

77662 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77662, TX cost?

Median Sold Price

$211,200

$113/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$42,700(+25.3%)

Key Takeaway

Homes in 77662 have sold for 25.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $64.2K$56.7K
-11.7%
2 $119.5K$116.5K
-2.5%
3 $158.5K$204.9K
+29.3%
4 $280K$217K
-22.5%
5+ $25K$295K
+1080.0%

How many homes are available in 77662, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
2833+17.9%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 11
0.0%
2 21
-50.0%
3 2027
+35.0%
4 43
-25.0%
5+ 11
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
26+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77662, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
37 Days27 Days-27.0%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77662 are selling fast, if you're buying plan to act quickly.

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

About 77662, TX

77662, TX has 33 homes for sale to choose from. The inventory of homes for sale in 77662, TX between September 2022 and October 2022 increased by 17.9%. The median list price of listings available in October 2022 was $211,200, while the average time on the real estate market was 27 days. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices decreased by 11.7%, 2 bedrooms properties became 2.5% more cheaper, prices of 3 bedrooms properties went up by 29.3%, the cost of 4 bedrooms properties went down by 22.5%, the cost of 5 bedrooms properties went up by 1080%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, number of 2 bedrooms homes decreased by 50%, number of 3 bedrooms homes increased by 35%, the quantity of 4 bedrooms homes went down by 25%, 5 bedrooms homes did not move. While more than 3 listings in 77662, TX in October 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 1 were sold below.