Homes sales rising again in this Houston Zip Codes . Is yours one of them?

-Source: HAR

For much of the last couple of years, it’s been much the same story of seeing year-over-year monthly home sales dip for many of the neighborhoods in The Leader’s coverage area. But that trend began to change with several upticks in July, and that continued into August with many local neighborhoods seeing rises according to the most recent report from the Houston Association of Realtors (HAR).

Out of six zip codes covered by The Leader, four of them experienced year-over-year August home sales increases ranging from 25 percent up to nearly a 55 percent spike. Meanwhile, two local zip codes (77007, 77008) continued to see lagging sales numbers.

Pricing was a bit of a mixed bag when it came to year-over-year August pricing, with average prices mostly rising across the board, while several zip codes saw median prices stay largely static according to data from HAR. People are also paying more money for a home so far this year in all areas year-to-date compared to the same point in 2022, according to HAR.

77018

In the area including much of Garden Oaks, Oak Forest, Central Northwest, and more, there were 70 homes that came off the market in the area last month – good for a 32.1 percent increase over the 53 sales during the same month last year. On a year-to-date basis, however, the area is still lagging behind its 2022 sales pace, with its 453 sales down 16.4 percent from 542 sales at the same point in 2022.

Pricing-wise, the August average sales price jumped 10.9 percent to $650,018, while the median price was largely stagnant at $495,950 (compared to $496,000 last August). Year-to-date, the average home has been 10.4 percent more expensive ($664,309), while median home price is up 7.5 percent (to $515,000) compared to the same point in 2022.

77092

Just to the west, this zip code was one of the four areas to see year-over-year August increases. HAR data says there were 33 sales here last month, up 37.5 percent from the 24 homes sold in the area in August 2022. However, the 143 home sales in the area so far this year is down 36.7 percent from the 226 sales through the same period last year.

The average buyer spent $377,502 on a home here last month, an 11.8 percent jump from the $337,565 mark in August 2022, while August’s median price went up 19 percent to $357,000 according to HAR. Year-to-date average home price for this zip code is up 6 percent (to $359,609) through the end of August, and median home price has risen 13.2 percent to $365,000.

77091

On the northernmost edge of The Leader’s coverage area, these neighborhoods experienced the largest year-over-year August percentage increase among local zip codes. The 34 houses sold represents a 54.5 percent increase compared to 22 sales in the area during August 2022. For the year, the area’s 278 sales are 20.9 percent ahead of last year’s pace (230 at the same point) – the only local zip code to be ahead of its 2022 pace.

On the pricing front, this was one of only two zip codes to see its August average prices drop year-over-year, with the price dipping 1 percent down to $332,592. Meanwhile, year-over-year August median price was down 1.2 percent to $345,810 – the only zip code to see such a drop. Year-to-date, however, the average buyer is still paying 6.3 percent more ($340,829) through the end of the month while median price is up 9.3 percent to $349,950.

77008

Down in the Greater Heights, home sales continued to fall, with it being one of just two areas to see a year-over-year August drop. There were 76 home sales here last month, down 15.6 percent from the 90 sold in August 2022. On a year-to-date basis, the 583 sales so far this year represents a 25 percent downturn from 777 sold last August.

Average August home prices jumped 18.6 percent year-over-year up to $692,924, while August median home price was up 16.4 percent to $599,500 by month’s end. The average buyer is spending 2.7 percent more so far on average ($691,625), while year-to-date median home price is up 9.4 percent to $619,000 through the end of August.

77009

On the eastern edge of the Heights and Northside/Northline, there were 50 homes sold here last month – a 25 percent increase over the 40 homes sold during the same month last year. Year-to-date, however, the 326 sales so far this year is down 21.6 percent from 416 houses sold in August 2022.

Pricing-wise, the year-over-year August home price was up 10 percent to $632,198 while median August home prices rose moderately (1.6 percent) up to $548,750 by the end of the month. On a year-to-date basis, average buyers are paying 5.2 percent more ($603,504) and the median price through the end of the month has seen an identical 5.2 percent jump to $505,000.

77007

In the southernmost portion of The Leader’s area, the Washington Avenue and Rice Military area saw the largest August year-over-year sales dip, with its 49 sales representing a 22.2 percent downturn compared to August 2022. The area is also the furthest behind its 2022 pace according to HAR, with 389 homes sold so far this year (down 39.5 percent) compared to 643 sales in the same period last year.

This area also saw the biggest percentage year-over-year drop in August average home price, which was down 9.3 percent to $681,069 compared to last August, while median home price here rose 4.5 percent to $585,000 year-over-year. The year-to-date average home price has risen 9.8 percent ($713,181) through the end of August, and the median price (585,000) is up 10.2 percent compared to the same point last year.