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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77662 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 77662 was a Seller's Market.

Key Takeaway

77662 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 77662, TX cost?

Median Sold Price

$145,000

$87/sqft

Based on all homes sold in October 2021.

Difference Since Last Month

-$54,000(-27.1%)

Key Takeaway

Homes in 77662 have sold for 27.1% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Oct 2021%
1 --
N/A
2 -$145K
N/A
3 $150K$120K
-20.0%
4 $305K$288K
-5.6%
5+ --
N/A

Median Sold Price Compared To Nearby Zip Codes

77701
-25.6%
77662
-27.1%
77657
-33.1%

How many homes are available in 77662, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
2421-12.5%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 00
0.0%
2 33
0.0%
3 1111
0.0%
4 107
-30.0%
5+ 00
0.0%

Number of Homes Sold

Sep 2021Oct 2021%
73-57.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77662, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Oct 2021%
20 Days37 Days+79.9%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 77662 has remained consistent over time.

About 77662, TX

77662, TX has 21 homes on the market. In October 2021 in 77662, TX there were 12.5% less homes for sale than in September 2021. Listings spent 37 days on the market in October 2021, and had a median list price of $145,000 during the same period. This housing market listing prices have changed between October 2020 and October 2021: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 0% more expensive, the cost of 3 bedrooms properties went down by 20%, prices of 4 bedrooms properties went down by 5.6%, prices of 5 bedrooms properties went up by 0%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes did not move, the quantity of 3 bedrooms homes have not changed, number of 4 bedrooms homes decreased by 30%, volume of 5 bedrooms homes stayed the same. In October 2021 more than 0 listings in 77662, TX were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 3 were sold below.