Here are some interesting statistics about Houston’s real estate market:
According to Zillow, the median home value in Houston is $203,000 as of February 2023, which is an increase of 13.5% from the previous year.
The Houston Association of Realtors reports that the average home price in Houston is $316,780, while the median price is $270,000 as of January 2023.
The Houston Chronicle reports that Houston’s housing market is among the hottest in the country, with homes selling faster than any other major city in the United States.
In December 2021, the average number of days a home spent on the market was just 28 days.
According to the Houston Business Journal, the number of homes sold in the Houston area increased by 9.6% in 2021 compared to the previous year. (source: https://www.bizjournals.com/houston/news/2022/01/25/houston-home-sales-2021.html)
The Urban Land Institute reports that Houston’s real estate market is expected to continue its strong growth in 2023, with demand for single-family homes and multifamily rental properties remaining high. (source: https://uli.org/wp-content/uploads/2022/11/ULI-Emerging-Trends-in-Real-Estate-2023.pdf)
Overall, Houston’s real estate market is experiencing robust growth and high demand, making it an attractive destination for real estate investors and home buyers alike.