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REAL ESTATE DATA
COMPILED BY KELLY SCHAFLER
2022-23 Sugar Land and Missouri City real estate market at a glance Fewer homes were sold in the Sugar Land and Missouri City area from June 2022-May 2023 compared to the same time span the previous year. However, the average home price increased in all ve area ZIP codes, and homes spent more time on the market.
90
77459 77478 77479
77489 77498
99 TOLL
59
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SOURCES: ALINA ROGERS, SPARROW REALTY, FREDDIE MAC COMMUNITY IMPACT
Number of homes sold
N
June 2021-May 2022
June 2022-May 2023
Average home sales price
June 2021-May 2022
June 2022-May 2023
77459
77489
$447,777
$239,502 $227,157
+8.7%
+5.43%
$486,625
77478
77498
$419,477
$340,185
+17.05%
+6.43%
$491,014
$362,063
77479
$526,873
77459
77478
77479
77489
77498
+11.84%
$589,254
National mortgage rate data After staying relatively at the rst two years of the pandemic, mortgage rates have sharply risen since early 2022, peaking Nov. 10 of last year before seeing some decline the last six months. 30-year xed-rate mortgage 15-year xed-rate mortgage
Average days on market
June 2021-May 2022
June 2022-May 2023
8%
6.48%
6%
3.72%
3.22%
2.65%
4%
5.73%
0 2%
3.16%
2.16%
2.43%
January 2020
January 2021
January 2022
January 2023
77459
77478
77479
77489
77498
13
SUGAR LAND MISSOURI CITY EDITION • JULY 2023
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