Real estate
BY MELISSA ENAJE & CARSON WEAVER
Nearly half of the 539 homes sold in Cy-Fair this May were in the 77433 ZIP code. Overall home sales were down about 7% compared to May 2023 activity. Residential market data
Average price of single- family homes reaches all-time high in Houston The average price of single-family homes in Houston reached an all-time high of $443,970 in May, according to the May market update released June 12 from the Houston Association of Realtors. What they’re saying HAR Chair Thomas Mouton said in a news release the Houston housing market has demon- strated its adaptability “yet again.” “While the weather disruptions may have impacted some sales, there continued to be strong activity with a rise in available listings and persistent buyer interest,” Mouton said in a state- ment. “We are beginning to see a more balanced market pace, beneting both buyers with more options and sellers with sustained demand.”
Disaster exemption ling deadline nears Property owners who had physical damage to their property during the storms that swept through Harris County this spring have until Sept. 3 to apply for a temporary disaster exemption, according to a news release from the Harris Central Appraisal District. “While damage to a house or other struc- ture from a falling tree is eligible for exemp- tion under this particular law, damage that occurred only to trees or shrubbery caused by the disaster isn’t eligible,” HCAD Chief Appraiser Roland Altinger said in the release. Explained Texas Tax Code allows a qualied property that is at least 15% damaged by a disaster in a governor-declared disaster area to receive a temporary exemption of a portion of the appraised value of the property.
Number of homes sold
May 2023
May 2024
Houston trends
-13.6%
-21.88%
+15%
-19.5%
-27.66%
-7.96%
+2.69%
May’s average single-family home price of $443,970 topped the previous record of $438,350 from May 2022. The average home price is up 3.6% year over year.
The median home price increased 1.5% to $345,000 year over year.
77040
77064
77065
77070
77095
77429
77433
99 TOLL
77429
290
Active listings in the Houston area are up 46.8% since last May.
77070
1960
Median home sales price
77064
New listings in May saw a 21.6% increase from last May, up from 12,568 to 15,280.
May
2023
2024
77433
$301,250 $291,500 $349,950 $320,000 $340,000 $400,000 $454,000
$330,000 $295,000 $286,000 $316,000 $325,000 $397,200 $429,990
77040 77064 77065 77070 77095 77429 77433
249
529
77095
77065
77040
Sales of homes priced at $1 million or more increased by 9.6%.
N
Single-family home closings declined year over year, from 8,664 to 8,538.
MARKET DATA PROVIDED BY BOUTWELL PROPERTIES 17506 BOBCAT TRAIL, CYPRESS. 2813058533. OFFICETHEBOUTWELLTEAM.COM
SOURCE: HOUSTON ASSOCIATION OF REALTORSCOMMUNITY IMPACT
HUFFMEISTER 8945 Hwy 6 N (281) 859-5879 SPRING CYPRESS 22508 Hwy 249 (281) 379-7383
BARKER CYPRESS 17996 FM 529 (281) 656-4200 JONES ROAD 17414 NW Fwy (713) 983-8827
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