February was another strong month in the Houston housing market, and several local neighborhoods followed suit, according to a recent report from the Houston Association of Realtors (HAR).
Four of the six local markets saw year-over-year sales increases for February, according to the most recent data from HAR, with the 77091 zip code more than tripling its February 2020 output.
On the pricing front, the average homebuyer paid more for a house in all six markets compared to last February, while the median price saw a year-over-year increase in four of the six local neighborhoods.
The zip code including Garden Oaks, Oak Forest and part of Independence Heights was one of only two local markets to stay stagnant or see a minor downturn in year-over-year home sales. Agents saw 48 homes come off the market last month, compared to 48 the previous February. Year-to-date, however, 101 homes have been sold here – 14.8 percent ahead of last year’s pace through the same period.
Pricing-wise, the average home went for 5.4 percent more ($510,912) than last February, while the year-over-year median price dipped slightly from $400,000 down to $398,000.
An area that includes Northside as well as parts of Greater Inwood and Acres Homes was the biggest riser last month. According to HAR, the 20 homes sold more than tripled the output from February 2020, when just six homes came off the market. The area has seen 36 sales through the end of February, more than doubling last year’s mark of 17 during the same period.
Average home price rose 29.1 percent year-over-year to $283,379, while the median price in this area was up 46.3 percent to $292,498.
In the area that includes Central Northwest and another portion of Greater Inwood, home sales saw a modest year-over-year February increase, with 24 homes sold last month compared to 23 the year before. Through the end of February, the 43 homes sold there was a 30.3 increase compared to the same period in 2020.
On a pricing front, the average price of $333,237 for a home in this market was up 18.4 percent year-over-year, while median price rose 19.1 percent up to $321,675.
In the Greater Heights, year-over-year sales boomed more than almost any local market. There were 79 homes sold last month, and that 61.2 percent spike compared to last February was the second-biggest jump in the area. Through the end of the month, there have been 144 homes sold here – a 56.5 percent jump from the same period last year.
The average price for a home in the Heights was up 8.1 percent from last year to $549,809, while median price spiked to $520,000 – a 28.1 percent increase.
On the eastern edge of the area, the zip code including Woodland Heights and Northside held steady from February 2020, with last month’s output of 43 homes sold matching last year’s mark. Year-to-date, however, the area has seen 72 homes come off the market, which is 7.5 percent ahead of last year’s pace.
The average home went for $492,498 there last month, which was a 17.2 percent year-over-year rise compared to last February’s mark of $420,563. Median price ended the month at $420,000, a 6.3 percent jump from February 2020.
The southern edge of the area saw a modest year-over-year jump in home sales, with 66 homes coming off the market last month compared to 61 the previous February. There have been 110 sales so far this year, which is 3.8 percent ahead of last year’s pace through the end of the month.
In terms of price, the average homebuyer paid $550,049 for a house there last month, which was a 16.5 percent year-over-year spike. Meanwhile, the median price saw a 1.1 percent dip down to $439,950.