The real estate market in Houston has experienced some fluctuations over the past 5 years.
According to the Houston Association of Realtors, the median price of a single-family home in Houston increased from $220,000 in January 2017 to $312,000 in January 2022, a 41.8% increase over the past five years. Source: https://www.har.com/content/mls
The Houston Chronicle reported that home sales in the Houston area increased by 7.5% in 2021, despite the COVID-19 pandemic. The median price of a single-family home also increased by 11.7% to $317,000. Source: https://www.houstonchronicle.com/business/real-estate/article/Houston-housing-market-shows-signs-of-strength-15833829.php
Zillow’s Home Value Index shows that the median home value in Houston increased from $174,700 in February 2017 to $276,157 in February 2022, a 58.1% increase over the past five years. Source: https://www.zillow.com/houston-tx/home-values/
The Federal Housing Finance Agency (FHFA) House Price Index for the Houston-The Woodlands-Sugar Land Metropolitan Statistical Area (MSA) shows that home prices increased by 22.7% from Q1 2017 to Q3 2021. Source: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx
Overall, the Houston property market has experienced significant growth over the past five years, with both home sales and prices increasing. However, as with any real estate market, there may be fluctuations and variations in price trends across different neighborhoods and property types. It’s always a good idea to consult with a local real estate expert for the latest market insights and advice.
According to the Houston Association of Realtors (HAR), the median sales price of single-family homes in the Houston area has increased steadily over the past 5 years. In February 2018, the median sales price was $227,530, and by February 2022, it had risen to $319,000, a 40% increase. You can find more information on HAR’s website: https://www.har.com/content/market-statistics.
Another trusted source of real estate data is Zillow. According to Zillow’s Home Value Index, which measures the median value of all homes in an area, the median home value in Houston was $193,000 in March 2018 and $275,000 in February 2022, a 42% increase. You can find more information on Zillow’s website: https://www.zillow.com/houston-tx/home-values/.
Redfin, another popular real estate website, reports that the median sale price of homes in Houston increased from $224,900 in February 2018 to $307,900 in February 2022, a 37% increase. You can find more information on Redfin’s website: https://www.redfin.com/city/10460/TX/Houston/housing-market.
The National Association of Realtors (NAR) also provides data on the Houston real estate market. According to their data, the median sales price of existing single-family homes in the Houston-Woodlands-Sugar Land metropolitan area was $226,900 in the fourth quarter of 2017 and $327,400 in the fourth quarter of 2021, a 44% increase. You can find more information on NAR’s website: https://www.nar.realtor/research-and-statistics/housing-statistics/metropolitan-median-area-prices-and-affordability/houston-the-woodlands-sugar-land.
It’s worth noting that real estate prices can vary significantly depending on the specific neighborhood, type of property, and other factors. These statistics provide a general overview of the Houston area real estate market over the past 5 years, but it’s always a good idea to consult with a local real estate professional for more specific information.