4 Intriguing Hyde Park Real Estate Trends
Located a few minutes west of Downtown Houston, Hyde Park real estate are among the fastest growing markets in the Inner Loop. Home prices have marked impressive appreciation rates over the past decade, increasing by 117%.
Price per square foot has also increased over the same period, though interestingly, the number of homes sold have decreased from 2013 to 2014.
Hyde Park is one of the subdivisions that make up Montrose, a cultural hotspot and one of the most highly accessible neighborhoods in Houston. The community’s central location provides its residents with convenient access to business, cultural, and entertainment hubs. Montrose’s great variety of dining and nightlife options is also a big plus in Hyde Park’s desirability.
Like Montrose, Hyde Park offers a wide variety of housing options, including old patio homes, townhomes, condos, and new construction single-family homes.
For questions, advice, Hyde Park Houston real estate recommendations, or off-market MLS listings, contact Paige Martin, head of the Houston Properties Team and rated as the best Keller Williams Memorial realtor the last four years.
Hyde Park Houston Resources:
- Hyde Park Neighborhood Guide
- All Hyde Park Homes For Sale
- Most Expensive Hyde Park Homes For Sale
- Hyde Park Homes Under $1,000,000
- Hyde Park Houston Maps
- Houston Neighborhoods Guide
For an updated and customized Hyde Park real estate pricing or trend analysis, please contact Paige Martin at Paige@HoustonProperties.com.
4 Interesting Hyde Park Real Estate Market Trends
1. Hyde Park home prices have more than doubled over the past decade.
In 2005, the median sales price for Hyde Park homes for sale were at $329,000. By 2014, this has increased to $712,450.
2. The most notable price surge happened over the years 2013 and 2014.
The Hyde Park real estate posted a highly impressive 1-year change of 68%, from $425,000 to $712,450. This can be attributed to a number of factors – including increasing development, low inventories, and increasing demand in the area.
Land value is a good indication of strengthening real estate.
3. Average price per square foot have marked a similar, steady increase.
From $168 in 2005, the average price per square foot of Hyde Park homes increased to $291 in 2014.
4. Inventories are tight.
Like most Inner Loop neighborhoods, the Hyde Park real estate market is pretty tight. Homes sold per year have decreased by 13% over 2013 to 2014. With less supply and increasing demand, Hyde Park home prices may increase more in the future.
Homebuyers will need the assistance of the best Hyde Park Houston realtor for advice and updated information.
Hyde Park Houston Realtor – Paige Martin
As featured on Fox News in the Morning, the Houston Business Journal, Houston Chronicle, and Houston Magazine, Paige Martin – a consistent Top Producing Broker-Associate and head of the Houston Properties Team – is ranked amongst the very top Keller Williams agents in the Houston area.
Paige is ranked as one of the top realtors in Hyde Park Houston and the state of Texas. Read more about the over 65 awards she’s won in the last few years.
Paige works with a tremendous number of buyers and sellers in Hyde Park.
For a specific recommendation of neighborhoods, homes or properties based upon your personal style, goals & price point, please contact Paige Martin, head of the Houston Properties Team & Broker Associate at Paige@HoustonProperties.com or 713-384-5177.