Real Estate Market Update for Houston, TX

Video: Real Estate Community Tour for Houston, TX

See Real estate community tour for Houston, TX The city of Houston is the fourth-largest city in the U.S., featuring a wide variety of lifestyle options, from the energy of downtown to the wide-open spaces of the suburbs. Houston is a multicultural city, with residents from more than 80 nations contributing to a vibrant mix of cultural traditions. Indoor and outdoor activities are a year-round affair no matter where in Houston you live! Major league sports offer spectator thrills any time of year. Teams include the MLB Astros, the NBA Rockets, the NFL Texans, and Major League Soccer's Dynamo. Long dominated by the oil industry, Houston's economy has become increasingly diversified over the past two decades. Today, aerospace, healthcare and biotechnology join petroleum as key contributors to Houston's thriving economic environment. From family-friendly Briargrove, to the luxury and exclusivity of River Oaks, to the hustle and bustle of Downtown, Houston's diverse neighborhoods, warm weather, and robust economy offer something for everyone. Visit century21.com to see the many homes available in the Houston area.
Welcome to November's Market Update. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 2% from one year earlier, and down 7% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 340-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 14%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 200-thousand dollars. The number of units sold decreased 9% year-over-year, and decreased 11% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
The city of Houston is the fourth-largest city in the U.S., featuring a wide variety of lifestyle options, from the energy of downtown to the wide-open spaces of the suburbs. Houston is a multicultural city, with residents from more than 80 nations contributing to a vibrant mix of cultural traditions. Indoor and outdoor activities are a year-round affair no matter where in Houston you live! Major league sports offer spectator thrills any time of year. Teams include the MLB Astros, the NBA Rockets, the NFL Texans, and Major League Soccer's Dynamo. Long dominated by the oil industry, Houston's economy has become increasingly diversified over the past two decades. Today, aerospace, healthcare and biotechnology join petroleum as key contributors to Houston's thriving economic environment. From family-friendly Briargrove, to the luxury and exclusivity of River Oaks, to the hustle and bustle of Downtown, Houston's diverse neighborhoods, warm weather, and robust economy offer something for everyone. Visit century21.com to see the many homes available in the Houston area.
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Map Information for Houston, TX
Area Information for Houston, TX
  • Population: 2,353,621
  • Median Age: 33.76 yr
  • Median Commute Time: 27 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 3,801/sq mi
  • Population Change Since 2000: 16.66%
  • Closest Airport: William P Hobby
  • Closest College: University Of Saint Thomas
  • Closest Jr. College: Center For Advanced Legal Studies
  • Median Household Income: $48,918
  • Annual Residential Turnover: 18%
  • Median Home Sales Price: $236,437
  • Closest Major Sports Team: Houston Rockets
  • Change Avg. Household Income Since 2000: 39.8%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Houston, TX
Median Age: 33.76 Married: 33% Number of Households: 883,217 Households with Children: 268,193
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Houston, TX

      School Name Distance Type Grades School Rating Parent Rating
      Heights High School An International Baccalaureate School 0.9 mi Public 9-12 2 4
      St Thomas High School 1.9 mi Catholic 9-12 0 5
      Carnegie Vanguard High School 2.8 mi Public 9-12 5 4
      The Awty International School 3.1 mi Private PRESCHOOL-12 0 0
      Lanier Middle School An International Baccalaureate World School 3.3 mi Public 6-8 5 4
      St Anne Catholic School - Houston 3.3 mi Catholic PRESCHOOL-8 0 0
      St Johns Lower School 3.5 mi Private K-12 0 0
      North Houston Early College High School 3.6 mi Public 9-12 5 4
      St Stephen's Episcopal School - Houston 3.6 mi Private PRESCHOOL-12 0 0
      St Pius X High School Inc - Houston 3.8 mi Catholic 9-12 0 0
      Incarnate Word Academy - Houston 3.8 mi Catholic 9-12 0 4
      Perfor & Vis Arts High School 3.8 mi Public 9-12 5 4
      Victory Prep 3.9 mi Public 9-12 1 4
      Young Men's College Preparatory Ac 4.1 mi Public 6-12 3 4
      British International School Of Houston 4.1 mi Private PRESCHOOL-12 0 0
      The Regis School Of The Sacred Heart 4.2 mi Catholic PRESCHOOL-8 0 0
      Kipp Generations Collegiate 4.5 mi Public 9-12 0 4
      Tanglewood Middle School An International Baccalaureate World School 4.6 mi Public 6-8 3 4
      Duchesne Academy Of The Sacred 4.7 mi Catholic PRESCHOOL-12 0 0
      Energy Institute High School 5.0 mi Public 9-11 0 4
      St Mark Lutheran School - Houston 5.2 mi Private PRESCHOOL-8 0 0
      Univ Of Houston Charter School-tech 5.4 mi Public K-5 3 4
      Debakey High School For Health Professions 5.9 mi Public 9-12 5 4
      St Francis Of Assisi School 5.9 mi Catholic PRESCHOOL-8 0 0
      Cornerstone Academy 6.0 mi Public 6-8 5 0
      Victory Early College High School 6.1 mi Public 9-12 5 4
      Harmony School Of Excellence - Endeavor 6.4 mi Public K-8 2 0
      Pershing Middle School 6.4 mi Public 6-8 3 4
      The Kinkaid School 6.8 mi Private PRESCHOOL-12 0 0
      Memorial High School 6.9 mi Public 9-12 5 4
      Phoenix School At Southwest Schools 7.1 mi Public 6-12 1 0
      Briarmeadow School 7.8 mi Public PRESCHOOL-8 5 0
      Emery Weiner Center For Jewish Education 8.2 mi Private 6-12 0 4
      Pilgrim Lutheran School - Houston 8.2 mi Private PRESCHOOL-7 0 0
      Holland Middle School 8.3 mi Public 6-8 0 0
      Memorial Middle School 8.8 mi Public 6-8 5 3
      Macarthur Ninth Grade School 8.9 mi Public 9-9 0 4
      South Early College High School 9.0 mi Public 9-12 0 4
      Aldine Ninth Grade School 9.0 mi Public 9-9 0 5
      Yes Prep - North Central 9.1 mi Public 6-12 4 4
      The Shlenker School 9.2 mi Private PRESCHOOL-5 0 5
      Houston Christian High School 9.5 mi Private 9-12 0 4
      St Francis De Sales School 9.5 mi Catholic PRESCHOOL-8 0 0
      Alexander-smith High School 9.7 mi Private 9-12 0 0
      Robert M Beren Academy 9.8 mi Private PRESCHOOL-12 0 0
      Strake Jesuit College Preparatory 9.9 mi Catholic 9-12 0 4
      St Agnes Academy School 10.0 mi Catholic 9-12 0 4
      North Forest High School 10.2 mi Public 9-12 0 5
      Texas Connections Academy At Houston 10.2 mi Public 3-12 3 3
      Yes Prep North Forest Campus 10.3 mi Public 6-12 2 4
      Cristo Rey Jesuit College Preparatory School - Houston 10.4 mi Catholic 9-12 0 3
      Westchester Academy For Internatio 10.5 mi Public 6-12 4 3
      Kipp Sunnyside School 10.6 mi Public PRESCHOOL-4 0 4
      Kipp Sunnyside High School 10.6 mi Public 9-12 0 4
      Our Lady Of Mount Carmel School 10.6 mi Catholic PRESCHOOL-8 0 0
      Alief Early College High School 10.8 mi Public 9-12 5 4
      Davis Ninth Grade 10.9 mi Public 9-9 0 3
      Jersey Village High School 11.0 mi Public 9-12 3 3
      Memorial Private High School 11.5 mi Private 7-12 0 4
      Stratford High School 11.9 mi Public 9-12 4 4
      Welch Middle School 11.9 mi Public 6-8 0 0
      Victory Prep 11.9 mi Public K-8 1 0
      Victory Preparatory Academy 11.9 mi Public 9-12 1 2
      Alief Learning Center (k-6) 12.0 mi Public K-6 0 0
      Cunningham Middle School 12.5 mi Public 7-8 3 3
      Kipp Sharpstown College Preparator 12.6 mi Public 6-8 4 0
      Kipp Northeast College Preparatory School 12.6 mi Public 9-9 0 4
      Woodland Acres Middle School 12.6 mi Public 6-8 2 4
      Hastings High School 12.6 mi Public 9-12 2 3
      Stevenson Middle School 12.9 mi Public 6-8 2 4
      The Village School 13.0 mi Private PRESCHOOL-12 0 0
      Queens Intermediate School 13.3 mi Public 6-8 2 0
      Klein Forest High School 13.3 mi Public 9-12 2 3
      Holy Trinity Episcopal School - Houston 13.8 mi Private PRESCHOOL-12 0 0
      Westside High School 13.9 mi Public 9-12 3 3
      Killough Middle School 14.1 mi Public 7-8 1 0
      North Shore Middle School 14.1 mi Public 7-8 2 4
      Northland Christian Secondary School 14.5 mi Private 6-12 0 0
      O'donnell Middle School 14.6 mi Public 7-8 3 4
      Willowridge High School 14.7 mi Public 9-12 1 4
      Edward Roberson Middle School 15.0 mi Public 6-8 1 4
      Early College Academy At Southridge 15.0 mi Public 9-12 0 4
      Bammel Middle School 15.0 mi Public 6-8 0 0
      Kerr High School 15.2 mi Public 9-12 5 3
      Summer Creek High School 15.3 mi Public 9-12 2 4
      Iman Academy - Southwest 15.3 mi Private 1-12 0 0
      Cypress Creek High School 15.5 mi Public 9-12 3 3
      Cypress Christian School 15.6 mi Private K-12 0 0
      Bleyl Middle School 15.8 mi Public 6-8 3 5
      Yes Prep - Southeast 16.0 mi Public 6-12 4 4
      Cypress Falls High School 16.0 mi Public 9-12 3 4
      Texas Christian School - Houston 16.3 mi Private PRESCHOOL-12 0 0
      Langham Creek High School 17.3 mi Public 9-12 4 4
      Ischool High At University Park 17.3 mi Public 9-12 5 4
      Thompson Intermediate School 17.8 mi Public 7-8 3 5
      Clear Horizons Early College High School 19.1 mi Public 9-12 5 4
      Lutheran South Academy - Houston 19.2 mi Private PRESCHOOL-12 0 0
      Quest Early College High School 19.3 mi Public 9-12 5 4
      Clear Lake High School 23.2 mi Public 9-12 4 4
      Space Center Int 24.1 mi Public 6-8 3 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Houston, TX
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.