Cy-Fair Edition | March 2023

REAL ESTATE

Featured Neighborhood Featured neighborhood

BLACKHORSE RANCH, 77433 Blackhorse Ranch is a community of 174 homes west of Fry Road and south of Hwy. 290. The community is also home to BlackHorse Golf Club, which features two 18-hole courses.

YEAROVERYEAR MARKET DATA: JANUARY Cy-Fair home sales dropped about 66% year over year as the local residential real estate market begins to stabilize. At the same time, home prices were up year over year in ve of seven ZIP codes, with the exceptions of 77065 and 77429. 290 99 TOLL 249 77433 77429

77070

1960

77064

Build-out year: 2010 Median square footage: 2,800-10,000 HOA dues (estimated): $1,000 annually Schools: Cy-Fair ISD

Homes on the market* 3 Median home value $552,000 Homes sold in the past year 36 Median annual property taxes $16,174 Median price per square foot $158 Average days on the market* 28 NEIGHBORHOOD DATA PROVIDED BY BOUTWELL PROPERTIES 17506 BOBCAT TRAIL, CYPRESS. 2813058533. OFFICETHEBOUTWELLTEAM.COM

77095

529

77040

77065

NUMBER OF HOMES SOLD

(Pope Elementary School, Smith Middle School, Cypress Ranch High School) Property taxes (in dollars): Lone Star College System Harris County Department of Education Harris County Emergency Services District No. 9 Harris County

77040 77064 77065 77070 77095 77429 77433 29 34 27 46 42 101 138 3 39 3 15 17 25 38

2022 2023 Year

0.11 0.38

MEDIAN PRICE OF HOMES SOLD

WITH YEAROVERYEAR PERCENTAGE CHANGE

2022 2023

0.01

77040 77064 77065 77070 77095 77429 77433

Sale price

0.06

Harris County Flood Control District Harris Health System

$600,000 $550,000 $500,000 $450,000 $400,000 $350,000 $300,000 $250,000

0.03 0.16 1.34 0.01

Cy-Fair ISD

+7%

Port of Houston Authority Harris County Municipal Utility Districts 371

0.83

+5%

+12.1%

+10.6% 3.5% +3.1%

Total (per $100 valuation)

2.93

*AS OF FEB. 14

Recently sold homes

26403 Ridgestone Park Lane 4 beds/3.5 baths Sold for $627,001-$717,000 on Feb. 1

26307 Wedgewood Park 4 beds/3.5 baths 4,047 sq. ft. Sold for $627,001-$717,000 on Dec. 19

26407 Ridgestone Park Lane 4 beds/3.5 baths 4,195 sq. ft. Sold for $717,001-$827,000 on July 29

26415 Hollow Stone Lane 4 beds/3.5 baths 5,152 sq. ft. Sold for $947,001-$1 million on July 11

3,935 sq. ft.

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