4 Key Bunker Hill Village Real Estate Trends
One of Forbes’ “Top Places to Live Well”, Bunker Hill Village features some of the most expensive single-family homes a few miles west of Downtown Houston.
Compared to the other Memorial Villages, Bunker Hill real estate have marked a conservative increase over the past decade. This, however, shouldn’t be taken purely at face value, considering that Bunker Hill homes had a median sales price of $1,175,000 in 2005. By 2014, the median has increased by half to $1,815,000.
This steady upward trend is mirrored in the neighborhood’s average price per square foot and lot price per square foot as well. Bunker Hill’s growth is actually at par with some of Houston’s hottest neighborhoods.
With prices on the rise, Bunker Hill homes for sale are still in high demand due to their access to excellent schools, shopping and entertainment options, and proximity to key Houston hubs including Downtown. The neighborhood’s scenic and tranquil atmosphere is a major plus, as well as its air of opulence and luxury.
For questions, advice, Bunker Hill TX 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.
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For an updated and customized Bunker Hill real estate pricing or trend analysis, please contact Paige Martin at Paige@HoustonProperties.com.
4 Interesting Bunker Hill Real Estate Market Trends
1. Bunker Hill homes marked a 54% appreciation in the last decade
Compared to the other Villages, Bunker Hill’s appreciation may seem slow. However, it’s important to note that the median sales price was at $1,815,000 in 2014, from $1,175,000 in 2005, so though the change may seem incremental, it still translates to a notable jump in prices.
2. Average price per square foot and land prices have also increased by half.
Average home price per square foot has appreciated by 50% from $232 in 2005 to $349 in 2014. Lot prices, on the other hand, went from $24 to $37 over the same period, a 54% positive change.
3. The most impressive changes happened over the last 5 years.
Bunker Hill real estate prices fluctuated over this period, though recent teardown and renovation projects in the area may have contributed to those price changes. Some older homes are sold as is and are cheaper than new construction custom-built homes.
4. The 30% positive change from 2013 to 2014 promises further growth.
As mentioned, the years 2009 to 2014 have been great for Bunker Hill real estate. The most notable increase was recent, however, with the median sales price improving from $1,391,000 in 2013 to $1,815,000 in 2014.
Bunker Hill Village TX 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 Bunker Hill Village, 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 Bunker Hill.
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.