Is 77433, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77433 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 77433 has remained a Seller's Market.

Key Takeaway

77433 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77433, TX

How much do homes in 77433, TX cost?

Median Sold Price

$434,605

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$4,133(+1.0%)

Key Takeaway

Homes in 77433 have sold for 1% more than they did a year ago.

Summary: The median home sold price in 77433 was $434,605 in May 2024, up 1% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$380K
N/A
2 $322.5K$305K
-5.4%
3 $335K$337.7K
+0.8%
4 $460.8K$470K
+2.0%
5+ $686.5K$706.8K
+3.0%

Summary: 77433 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 3%.

Median Sold Price Compared To Nearby Zip Codes

77377
+5.2%
77433
+1.0%
77429
0.1%
77449
-0.3%
77095
-1.5%

Housing Supply in 77433, TX

How many homes are available in 77433, TX?

Number of Homes For Sale

Apr 2024May 2024CHANGE
704848+20.5%

Summary: The 77433 real estate market had 848 homes for sale in May 2024, a 20.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 10
-100.0%
2 35
+66.7%
3 221230
+4.1%
4 358450
+25.7%
5+ 121163
+34.7%

Summary: The 77433 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes increased by 34.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
166195+17.5%

Asking Price vs. Sold Price

115 Homes Were Sold
Under Asking

44 Homes Were Sold
At Asking

36 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77433, you may be able to get a good deal. 59% of homes here sold below asking price last month.

Summary: A total of 195 homes were sold or pending in 77433 in May 2024, up by 17.5% month-over-month. Of the 195 sold homes, 59% were sold under asking, 23% were sold at asking, and 18% were sold over asking.

Days on Market for 77433, TX

How long does it take to sell a home in 77433, TX?

Average Sale Time

May 2023May 2024CHANGE
44 Days41 Days-6.0%

Summary: Homes in 77433 had an average of 41 days on market in May 2024, down by 6% compared to last year.

Breakdown of Home Sale Times

122 Homes Were Sold
Under 30 Days

45 Homes Were Sold
In 30 - 90 Days

28 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77433 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 195 homes were sold in 77433; 63% of homes were sold within 30 days, 23% 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 1 Day Ago

Newest Listings in 77433, TX

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