Published October 15, 2026 in Market Update

Manvel is moving faster even with rates above 7%

By April Aberle, REALTOR® | RE/MAX Crossroads Realty

Real estate, Manvel/Rosharon/Iowa Colony

Mortgage rates climbed above 7% for the first time since January 2025, according to Realtor.com. CNBC reported the average 30-year fixed rate at 7.50% as of October 15, 2026. That is a real headwind. Yet the Real Estate Data Aggregator counted 283 homes sold in ZIP 77578 in the three months ending August 31, 2026. That is up 18.4% from the same three months in 2025. Buyers are still showing up.

Pending sales in ZIP 77578 rose 18.2% year over year, the Real Estate Data Aggregator found. Pending sales are contracts already signed but not yet closed. That number tells you where the market is headed, not just where it has been. More signed contracts means demand held up even as rates rose.

ZIP 77578: The numbers behind the story

Homes in ZIP 77578 sold for an average of 97.7% of list price, up 1.8 points from a year ago, per the Real Estate Data Aggregator. That means sellers gave up less ground on price. The share of homes that sold above list price was 7.4%, up 2.8 points from 2025. Not every home sold over asking, but more did than last year.

ZIP 77583: A different picture

ZIP 77583, which covers much of Rosharon and Iowa Colony, tells a quieter story. The Real Estate Data Aggregator counted 274 homes sold there in the three months ending August 31, 2026. That is down 10.7% from the same period in 2025. Pending sales fell 12.6% year over year. The median sale price was $321,995, up just 0.6% from 2025. Days on market came in at 61 days, three days longer than last year.

One bright spot in ZIP 77583: 16.5% of homes went under contract within two weeks of listing, up 6.1 points from a year ago, according to the Real Estate Data Aggregator. That is actually higher than the 15% rate in ZIP 77578. Well-priced homes in Rosharon and Iowa Colony can still move quickly. The challenge is that fewer buyers are making offers overall.

The wider market context

Nationally, the picture is softer. Realtor.com reported that 20.8% of listings took a price cut in September 2026, the highest share since October 2022. Active listings nationally topped 1.16 million homes, per Realtor.com. The Federal Housing Finance Agency reported U.S. home prices rose 2.6% from July 2025 to July 2026. Prices are still up, but the pace is slow and sellers are competing harder in most of the country.

Locally, the combined market of ZIPs 77578 and 77583 sold 557 homes in the three months ending August 31, 2026, up 2% from a year ago, per the Real Estate Data Aggregator. Inventory across both ZIPs fell 6.1% year over year to 874 homes for sale. Less inventory with steady sales is generally a sign that demand has not collapsed, even if it has softened in parts of the market.

What this means if you are selling

ZIP 77578 shows real buyer demand. Homes sold faster than last year, and more of them closed near or above list price. That does not mean every home sells easily. The Real Estate Data Aggregator shows the median home still took 82 days to sell. Pricing it right from day one matters more than ever.

In ZIP 77583, sellers face a bit more competition. Inventory is higher relative to sales, and the months of supply sits at 5.2 months. That is not a buyer's market by a wide margin, but it does mean buyers have more choices. A home priced well and in good condition can still go under contract fast. The 16.5% two-week contract rate proves that.

What this means if you are buying

Rates above 7% are real, and they affect your monthly payment. But Manvel and the surrounding area are still drawing buyers. The drop in inventory across both ZIPs means you have fewer homes to choose from than a year ago. A home priced fairly in ZIP 77578 is going under contract in about 82 days on the median. Some go much faster. Do your homework before you make an offer.

A note on school districts: Manvel and Iowa Colony addresses can fall in Alvin ISD. Always verify the ISD by the specific address, not the city name, before you commit.