Spring - Klein Edition | July 2022

2022

REAL ESTATE EDITION

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REAL ESTATE DATA 2021-22 Spring & Klein

Data on the real estate market in Spring & Klein

COMPILED BY HANNAH ZEDAKER

77373 77379 77388 77389

77066 77068 77069 77070 77090

45

Real estate market at a glance Across most Spring- and Klein-area ZIP codes, fewer homes sold from June 2021-22 than did in the previous 12 months. On average, Spring- area homes were 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 the board. SOURCES: SPARROW REALTY BROKER ALINA ROGERS, HOUSTON ASSOCIATION OF REALTORS, FREDDIE MAC’COMMUNITY IMPACT NEWSPAPER

99 TOLL

2920

249

1960

N

Average days on market

Median home sales price

June 2020-June 2021

June 2021-June 2022

June 2020-June 2021 June 2021-June 2022

$217,250

77090

+19.79%

$260,250

$210,000

$195,000

77066

77373

+19.88%

+25.64%

$251,750

$245,000

$261,109

$296,686

77068

77379

+16.81%

+21.34%

$305,000

$360,000

$290,000

$244,000

77069

77388

+20.69%

+16.8%

$350,000

$285,000

$247,000

$381,550

77070

77389

+15.38%

+14.01%

$285,000

$435,000

77066

77068

77069

77070

77090

77373

77379

77388

77389

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

June 2020-June 2021

June 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%

January 2020

January 2021

January 2022

77066

77068

77069

77070

77090

77373

77379

77388

77389

12

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