market update

The home sales boom in local neighborhoods that has been consistent since the start of 2021 continued to endure last month, according to the most recent data from the Houston Association of Realtors.

Though every area zip code once again saw year-over-year increase, the 77009 zip code – which includes local neighborhoods such as the Woodland Heights and Northside Village – paced the area as it more than doubled its June 2020 sales numbers. In terms of total sales, the Greater Heights (77008) saw the most homes sold with 699 of them coming off the market.

Prices were also on the rise in many neighborhoods with the exception of 77009, according to HAR, which saw both average and median home price drop by at least 3 percent year-over-year.

77018

As was the story in many areas, the zip code encompassing Garden Oaks and Oak Forest along with parts of the Central Northwest and Independence Heights neighborhoods had a strong month. There were 104 homes sold here in June, up 67.7 percent from the 62 sales in June 2020. Year-to-date, this zip code has experienced a 63.8 percent increase in sales compared to the same span, having seen 493 homes come off the market through the end of July.

Pricing-wise, the average buyer paid 22 percent more for a home ($592,349) compared to June 2020, while median price rose 21.9 percent up to $486,250.

77092

To the west, the area including Langwood and rest of Central Northwest also saw a slight rise in sales last month. The 25 homes sold in this area was 31.6 percent more than the 19 sold last June. And though the 181 total sales in this zip code so far this year is the second-lowest area mark, it also represents an 82.8 percent increase in year-to-date sales volume – the largest percentage increase among local neighborhoods.

The average buyer paid $361,886 to buy here in June – a 26.4 percent spike compared to last year – while the median price for a home in the area was up 23.5 percent to $349,000.

77091

Just to the north, the zip code including Greater Inwood, Acres Homes and Northside was another big riser. Agents saw 37 sales close on homes here last month, a 54.2 percent increase compared to last year. Through the end of the month, the 147 homes sold in this area is 37.4 percent more compared to the same period in 2020.

On a pricing front, average price was up 23 percent year-over-year to $283,937, while the median price ended the month at $285,000 – a 17 percent spike compared to June 2020.

77008

In the Greater Heights, buyers closed on 132 homes last month – a 43.5 percent year-over-year compared to the previous June. Through the end of the month, there have been 699 homes sold in the Heights, which stands as the most total sales of any local neighborhood and is 62.6 percent of last year’s mark of 430 during the same period.

Year-over-year, the average buyer paid 13.5 percent more for a home in the Heights last month ($610,011). The median price, meanwhile, rose 8.9 percent up to $519,000 at month’s end.

77009

On the eastern edge of the Heights, the zip code encompassing Woodland Heights and Northside Village was the biggest year-over-year riser among local neighborhoods. The 69 homes sold in the area last month more than doubled the previous June’s mark of 32 sales. On a year-to-date basis, sales are up 56.7 percent compared to the same period in 2020, with 337 final sales through the end of the month.

This was the only local zip code to see prices drop year-over-year. The average buyer paid 3.8 percent less ($517,981) compared to last June, while median price was down 3.1 percent to $440,000.

77007

The southernmost portion of the area saw a 46.2 percent increase in June home sales. There were 106 sales in the area last month, up from 72 sales in June 2020. Year-to-date, the area is 51.8 percent ahead of last year’s pace, having seen 548 total sales through the end of the month.

Average price for a home in this zip code, which includes Washington Avenue and Rice Military, was up 14.8 percent to $589,424. The median home price ended the month up 1.8 percent to $467,250.

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