Hottest Communities in the Houston Area! Is your community on the list?
—Source CI
Homebuyers are migrating to the northern and western parts of the Greater Houston area, including portions of Hockley, Katy, Cypress, Tomball and Magnolia, a new report from the Houston Association of Realtors found. The report released April 25 ranked 206 communities in the Houston area by the greatest percentage increase in home purchases year over year in the first quarter of 2023.
Hockley tops the list with a 53.9% increase year over year in the number of homes purchased. The Old Towne area of Katy follows with a 49.3% increase year over year.
Other communities making up the Top 10 include:
La Porte/Shoreacres up 21.2% year over year
Porter/New Caney East up 20.5% year over year
Cypress south up 19.8% year over year
Tomball up 3.1% year over year
Sienna area up 2.1% year over year
Five Corners up 1.9% year over year
Denver Harbor up 1.6% year over year
Magnolia/1488 West up 0.1% year over year
In addition to topping the list for more homes purchased, Hockley also clocks in with an average sales price of $340,358, which is lower than the Houston region's $408,647 sales price, according to the report.
Communities in the Top 10 also recording a lower average sales price than the region include:
La Porte/Shoreacres
Porter/New Caney East
Five Corners
Denver Harbor
“As affordability remains a challenge and with the increasing popularity of remote work, we anticipate that homebuyers will continue to be drawn to these outlying suburban communities,” HAR Chair Cathy Treviño with Side Inc. said in the release. “Many people like the small-town feel and affordability over the bustle of city centers across the country."
In the luxury market, the hottest luxury home communities in the Houston area seeing the greatest percentage increase in home sales year over year include:
River Oaks shopping area
West University/Southside
Rice/Museum District
River Oaks area
Bellaire area
