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 June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was up 1% compared to one year earlier, and down 4% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just over 370-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 13%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 210-thousand dollars. The number of units sold decreased 1% year-over-year, and increased 4% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. 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: 2,234,588
  • Median Age: 33.55 yr
  • Median Commute Time: 27 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 3,725/sq mi
  • Population Change Since 2000: 12.24%
  • Closest Airport: William P Hobby
  • Closest College: University Of Saint Thomas
  • Closest Jr. College: Center For Advanced Legal Studies
  • Median Household Income: $47,881
  • Annual Residential Turnover: 18%
  • Median Home Sales Price: $237,381
  • Closest Major Sports Team: Houston Rockets
  • Change Avg. Household Income Since 2000: 36.57%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Houston, TX
Median Age: 33.55 Married: 33% Number of Households: 836,772 Households with Children: 254,461
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
      Reagan High 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 3.3 mi Public 6-8 5 4
      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 Of Houston 3.6 mi Private PRESCHOOL-12 0 0
      St Pius X High School 3.8 mi Catholic 9-12 0 0
      Incarnate Word Academy 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
      Burbank Middle School 4.0 mi Public 6-8 3 0
      Young Men's College Preparatory Ac 4.1 mi Public 6-12 4 4
      British International School Of Houston 4.1 mi Private PRESCHOOL-12 0 0
      Houston Academy For International 4.3 mi Public 9-12 5 4
      Kipp Generations Collegiate 4.5 mi Public 9-12 0 4
      Scarborough High School 4.6 mi Public 9-12 1 3
      Duchesne Academy Of The Sacred 4.7 mi Catholic PRESCHOOL-12 0 0
      Houston Math Science And Technolog 4.9 mi Public 9-12 1 4
      Energy Institute High School 5.0 mi Public 9-11 0 4
      Univ Of Houston Charter School-tech 5.4 mi Public K-5 2 4
      Wheatley High School 5.4 mi Public 9-12 0 4
      Debakey High School For Health Professions 5.9 mi Public 9-12 5 4
      Kashmere High School 5.9 mi Public 9-12 0 3
      Eastwood Academy 6.0 mi Public 9-12 5 4
      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 2 4
      The Kinkaid School 6.8 mi Private PRESCHOOL-12 0 0
      Memorial High School 6.9 mi Public 9-12 4 4
      Yes Prep - Gulfton 6.9 mi Public 6-11 3 4
      Southwest Schools 7.3 mi Public 6-12 1 0
      Briarmeadow Charter School 7.8 mi Public PRESCHOOL-8 5 0
      St Thomas Episcopal School 8.0 mi Private K-12 0 0
      Emery Weiner Center For Jewish Education 8.2 mi Private 6-12 0 4
      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 3
      Macarthur High School 9.1 mi Public 9-12 1 3
      Houston Christian High School 9.5 mi Private 9-12 0 4
      Alexander-smith Academy 9.7 mi Private 9-12 0 0
      Robert M Beren Academy 9.8 mi Private PRESCHOOL-12 0 0
      Sharpstown International School 9.8 mi Public 6-12 5 0
      Strake Jesuit College Prep School 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 0
      Texas Connections Academy At Houston 10.2 mi Public 3-11 3 3
      Yes Prep North Forest Campus 10.3 mi Public 6-12 2 3
      Mount Carmel High School 10.4 mi Catholic 9-12 0 3
      Westchester Academy For Internatio 10.5 mi Public 6-12 5 3
      Kipp Sunnyside High School 10.6 mi Public 9-11 0 4
      Kipp Sunnyside School 10.6 mi Public PRESCHOOL-4 0 4
      Harmony School Of Advancement - Hi 10.8 mi Public 9-12 4 3
      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
      Chavez High School 11.7 mi Public 9-12 1 3
      Stratford High School 11.9 mi Public 9-12 4 4
      C E King High School 12.3 mi Public 9-12 1 3
      Cunningham Middle School 12.5 mi Public 7-8 3 3
      Kipp Sharpstown College Preparator 12.6 mi Public 6-8 4 0
      Kipp Houston High School 12.6 mi Public 9-12 5 4
      Hastings High School 12.6 mi Public 9-12 1 3
      Yes Prep - Southwest 12.9 mi Public 6-12 5 4
      Stevenson Middle School 12.9 mi Public 6-8 2 4
      Elsik High School 12.9 mi Public 9-12 1 3
      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
      Bush Elementary School 13.6 mi Public PRESCHOOL-5 5 3
      Holy Trinity Episcopal School 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 2 0
      North Shore Middle School 14.1 mi Public 7-8 3 4
      North Shore Senior High School 14.2 mi Public 10-12 2 3
      Northland Christian School Pk-12 14.5 mi Private 6-12 0 0
      Christa Mcauliffe Middle School 14.6 mi Public 6-8 0 0
      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
      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 5 4
      Cypress Falls High School 16.0 mi Public 9-12 3 4
      Dobie High School 16.7 mi Public 9-12 3 3
      Langham Creek High School 17.3 mi Public 9-12 4 4
      Thompson Intermediate School 17.8 mi Public 7-8 4 0
      Clear Horizons Early College High School 19.1 mi Public 9-12 5 4
      Lutheran South Academy 19.2 mi Private PRESCHOOL-12 0 0
      Quest Early College High School 19.3 mi Public 9-12 5 4
      Clear Lake Christian School 21.2 mi Private K-12 0 0
      Clear Lake High School 23.2 mi Public 9-12 4 4
      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.