REAL ESTATE DATA
COMPILED BY HANNAH ZEDAKER
99 TOLL
2021-22 Lake Houston-Humble-Kingwood Real estate market at a glance
1314
77044 77338 77339 77345
77346 77365 77396
Across all Lake Houston-area ZIP codes, fewer homes sold from July 2021-June 2022 than sold in the previous 12 months. Lake Houston-area homes were also staying on the market for less time over the past year than they did the year prior, and the median home sales price increased across all seven ZIP codes.
1960
LAKE HOUSTON
59
SOURCES: ROSE REALTY BROKER¤AGENT DEBORAH ROSE MILLER, HOUSTON ASSOCIATION OF REALTORS, FREDDIE MAC¤ COMMUNITY IMPACT NEWSPAPER
N
Average days on market
Median home sales price
July 2020-June 2021
July 2021-June 2022
July 2020-June 2021
July 2021-June 2022
$279,900 $240,000 +16.63% $294,000 $244,900 +20.05%
$240,000 $193,000 +24.35% $320,000 $270,000 +18.52%
+19.84% $383,500 $320,000 +16.82% $309,570 $265,000
$230,000
+17.39%
77044
77338
77339
77345
77346
77365
77396
$270,000
National mortgage rate data Mortgage rates steadily declined early in the pandemic with the 30-year xed-rate mortgage dropping to as low as 2.65% in January 2021. Rates have since increased, spiking to their highest point since 2009 as of early May. 30-year xed-rate mortgage 15-year xed-rate mortgage
Number of homes sold
July 2020-June 2021
July 2021-June 2022
5.27%
5%
4.51%
3.72%
4.52%
4%
2.65% 3.22%
3%
3.99%
3.16%
2% 0 January 2019
2.16%
2.43%
77044
77338
77339
77345
77346
77365
77396
January 2020
January 2021
January 2022
Featured development
SAINT TROPEZ BY MEGATEL HOMES LLC
Megatel Homes LLC broke ground June 15 on a new master-planned lagoon community dubbed Saint Tropez, located near the intersection of the Grand Parkway and Human Cleveland Road. According to a June 15 news release, the $2 billion residential community will span more than 1,000 acres and comprise 4,500 single-family lots and multifamily units. Single-family homes will range from 1,500-4,000 square feet and sell for $350,000-$700,000. Multifamily
units will include one-, two- and three- bedroom options with monthly rental rates beginning at $1,200. Per the release, Saint Tropez will feature resort-style amenities, including a human-made lagoon with white sand beaches, an entertainment district and a tness studio, among others. Presales of the rst phase are expected to begin within the next 60 days. Phase 1 of the development is expected to be completed by the rst quarter of 2023.
99 TOLL
HUFFMAN CLEVELAND RD.
59
1960
LAKE HOUSTON
N
13
LAKE HOUSTON HUMBLE KINGWOOD EDITION • JULY 2022
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