2022 Update: 8 Intriguing Houston Real Estate Market Statistics

2022 Update: 8 Intriguing Houston Real Estate Market Statistics

Investing in a Houston real estate property? Learn how the Houston housing market is doing with these eight stats.


2022 Update: 8 Intriguing Houston Real Estate Market Statistics

UPDATE: We have just released our 2022 Houston Real Estate Market Forecast. Still, you will find the stats here useful for a historical review of the Houston real estate performance.

Buyers encounter multiple offers, backup contracts, and 40 people standing in line to get into an open house.

The 20 Most Expensive Houston Neighborhoods and 14 Hottest Inner Loop Neighborhoods lists show numbers that are both promising and intriguing.

The question is . . . IS THIS SUSTAINABLE? Here are 8 shocking Houston real estate statistics to give you some insight.

The Houston Properties Team went above and beyond during the home buying and selling process. We first worked with Paige and her team in 2012 and chose to work with them again in 2021. Their knowledge of the market and trends by neighborhood made them trusted advisors and helped us negotiate the best prices. Additionally, they were with us every step of the way to ensure things were as simple and efficient as possible for us. They also have a fabulous list of contractors. We were especially happy with their recommendations for painting walls and refinishing floors before we moved in.” – Jessica Graham

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Table of Contents

  1. 8 Facts You Need To Know About The Houston Real Estate Market
  2. Resources and Disclosure
  3. The Best Houston Realtor to Sell Your Home

8 Facts You Need To Know About The Houston Real Estate Market

8 Facts You Need To Know About The Houston Real Estate Market

Remember: Houston real estate statistics here are local. For a custom report on how your home or neighborhood is doing, complete the information in the box below, or for a custom home value report please email Paige Martin at [email protected]

1) Houston has the lowest home inventory in 13 years

Housing inventory has dipped to a 13-year low of 3.5 months as the number of available properties declined 22.1 percent. The number of available homes for sale is at its lowest point.  

2) Houston Home Sales Jumped 17% From Last Year

Sales continue their strong push, marked by the 17% surge compared to last year. Currently on a 22-month roll, homes in Houston continue to soar with record-breaking numbers of single-family, condos, and townhouses sales.  

3) Condos & Townhome Sales Up 47% Year Over Year

Houston townhouses & condominiums sales rocketed up 47.1 percent from the number of sold units a year prior. Inventory is also markedly down to 3.7 months from the prior year’s 6.8 months level.

4) Six “Close In” Houston Neighborhoods Posted 10%+ Appreciation Last Year

Comparing the average sold price per square feet, six “Close In” Houston neighborhoods experienced double digit appreciation: Westbury (20%), SouthSide Place (17%), Houston Heights (13%), Woodland Heights (12%), Southgate (12%) and Meyerland (11%).  

Houston Real Estate Statistics

5) 49,800 People Relocated To Houston

Forbes’ Migration Data shows that an average of 4,100 people moved to Houston per month last year. With companies like Chevron, Direct Energy, and Exxon relocating employees to Houston, the Houston housing market benefits from increased demand.  

6) Home Prices Rose By 6.5% From Last Year’s Data

Home rates are appreciating due to low supply and added demand. The single-family home median price rose to 6.5 percent, an all-time high. The average price rose 4.6 percent year-over-year, the second-highest level ever.  

7) Housing starts to rise at 32%

Builders started 6,442 new Houston homes and are on track to start construction on 28,000 properties. Homes under construction are twice the size of recently finished homes (supply is at 1.9 months) and are expected to address growing demand.  

8) Houston Added 118,700 Jobs Over the Past 12 Months

With 118,700 new jobs and a full 1% drop in the unemployment rate (to 6.3%), Metrostudy’s report ranks Houston on top in annual job growth. With 75,000 more jobs expected before the year ends and a 3.2% annual job growth for the next 5 years, Houston’s economy is projected to expand and increase the employment base.


Resources and Disclosure

Resources and Disclosure

“Paige and The Houston Properties Team helped our family buy and sell five different homes. She’s the best realtor in Houston because she’s extremely knowledgeable and very candid. On the buyer side, she will absolutely tell you what’s wrong with a property and give you all of the reasons not to buy it. She has the best marketing of anyone we’ve ever seen and she knows everything about the best neighborhoods in Houston. She is THE BEST Houston Realtor!” – Scott & Debi Gordon

Resources for Houston real estate statistics in this article include:

Houston Association of Realtors MLS database for the average price paid per square foot within select neighborhoods, Forbes America’s Fastest Growing Cities, Forbes Houston’s Business Climate Heats Up, Forbes Where Americans Are Moving, Metrostudy Report, and Top 10 Healthiest Housing Markets

Disclosure:

Data is deemed accurate but is not guaranteed. Information is provided for informational purposes only.


The Best Houston Realtor to Sell Your Home

The Best Houston Realtor to Sell Your Home

The Houston Properties Team has a well-defined structure based on the individual strengths of each member. Each member is a specialist in their role – which is why our homes sell faster and for more money than average.

Paige Martin, Broker Associate with Keller Williams Realty, and the Houston Properties Team are ranked among the top residential Realtors in the world.

They have been featured on TV and in dozens of publications including The Wall Street Journal, Fortune Magazine, Reuters, Fox News in the Morning, Money Magazine, Houston Business Journal, Houstonia, and Houston Chronicle.

Paige Martin was just ranked as the #5 agent in the world with Keller Williams, completing over $1 Billion in Houston residential real estate sales.

Her recent awards include:

– 2021 Best Real Estate Teams in America, RealTrends.com
– 2021: Top 100 Women Leaders in Real Estate of 2021
– 2021: America’s Top 100 Real Estate Agents
– 2021: Top Real Estate Team (Houston Properties Team), Houston Business Journal
– 2021: Best Houston Real Estate Team, Best of Reader’s Choice
– 2021: Top Real Estate Team (Houston Properties Team), Houston Business Journal
– 2021: #1 Real Estate Team, Keller Williams Memorial
– 2020: America’s Best Real Estate Teams, Best of America Trends
– 2020: Best Houston Real Estate Team, Best of Reader’s Choice
– 2020: Top Real Estate Team (Houston Properties Team), Houston Business Journal
– 2020: #6 Individual Agent, Keller Williams, Worldwide
– 2020: #1 Individual Agent, Keller Williams, Texas (Top Keller Williams Realtor)
– 2020: #1 Real Estate Team, Keller Williams Memorial
– 2019: Top Residential Realtors in Houston, Houston Business Journal
– 2019: America’s Best Real Estate Agents, RealTrends.com
– 2019: #5 Individual Agent, KW Worldwide
– 2019: #1 Individual Agent, KW Texas
– 2018: #5 Individual Agent, Keller Williams, Worldwide
– 2018: #1 Individual Agent, Keller Williams, Texas
– 2018: #1 Individual Agent, Keller Williams, Houston
– 2018: America’s Best Real Estate Agents, RealTrends.com
– 2018: Top 25 Residential Realtor in Houston, Houston Business Journal
– 2018: Texas’ Most Influential Realtors
– 2017: #1 Individual Agent, Keller Williams, Texas
– 2017: #1 Individual Agent, Keller Williams, Houston
– 2017: #10 Individual Agent, Keller Williams, Worldwide
– 2017: America’s Best Real Estate Agents, RealTrends.com
– 2017: Top 25 Residential Realtor in Houston, Houston Business Journal
– 2017: Texas’ Most Influential Realtors
– 2016: #1 Individual Agent, Keller Williams, Texas
– 2016: #1 Individual Agent, Keller Williams, Houston
– 2016: #20 Individual Agent, Keller Williams, Worldwide
– 2016: Texas’ Most Influential Realtors
– 2016: Top 25 Residential Realtor in Houston, HBJ
– 2016: Five Star Realtor, Featured in Texas Monthly
– 2016: America’s Best Real Estate Agents, RealTrends.com
– 2015: #9 Individual Agent, Keller Williams, United States
– 2015: #1 Individual Agent, Keller Williams, Texas
– 2015: #1 Individual Agent, Keller Williams, Houston
– 2015: America’s Best Real Estate Agents, RealTrends.com
– 2015: Top 25 Residential Realtor in Houston, HBJ
– 2015: Five Star Realtor, Texas Monthly Magazine
– 2014: America’s Best Real Estate Agents, RealTrends.com
– 2014: #1 Individual Agent, Keller Williams Memorial

…in addition to over 318 additional awards.

Paige also serves a variety of non-profits, and civic and community boards. She was appointed by the mayor of Houston to be on the downtown TIRZ board.

Benefits Of Working With The Houston Properties Team

best realtors in Houston

Our team, composed of distinguished and competent Houston luxury realtors, has a well-defined structure based on the individual strengths of each member.

We find team approach as the most effective way to sell homes. We have dedicated people doing staging, marketing, social media, open houses, and showings. Each Houston Properties Team member is a specialist in their role—which is why our homes sell faster and for more money than average.

The benefits of working with a team include:

  • the ability to be in two or three places at one time; a member can handle showings, while another answer calls
  • collective time and experience of members
  • targeted advice and marketing of agent expert in your area
  • competitive advantage by simply having more resources, more ideas, and more perspectives
  • a “checks and balances” system; selling and buying a home in Houston is an intensely complex process
  • more people addressing field calls and questions from buyers and agents to facilitate a faster, successful sale
  • efficient multi-tasking; one agent takes care of inspections and repair work, while another agent focuses on administrative details
  • multiple marketing channels using members’ networks
  • constant attention: guaranteed focus on your home and your transaction
  • lower risk for mistakes. Multiple moving parts increase oversights. A team approach handles these “parts” separately
  • flexibility in negotiation and marketing
  • better management of document flow
  • increased foot traffic through more timely and effective showing schedule coordination; and
  • increased sphere of influence and exposure to more potential buyers.

To meet all the award-winning members of the Houston Properties Team, please go here.

Get More Details

Paige Martin

Our Recent Awards

Why We’re Different

  • #1 Keller Williams Realtor in Houston
  • #1 Keller Williams Realtor in Texas
  • #6 Keller Williams Realtor in the U.S.
  • "One of Houston's Top 25 Realtors," Houston
    Business Journal
  • "One of America's Best Realtors," RealTrends.com / WSJ
  • Over $1 Billion in Houston residential home sales
  • We know this market, and this property.
  • We're candid.
  • We'll tell you the "bad' and the "ugly" about any property we show you.
  • Most often, we talk our clients into NOT BUYING.
- Gretchen & Brad Richter- Gretchen & Brad Richter
“We relocated to Texas from out of state 3 years ago, and Paige’s intimate knowledge of Houston neighborhoods, valuations, trends, and pitfalls was simply unmatched. We would never have been able to find our perfect home without her. She was calm and focused when everything seemed most challenging — a true professional and advocate who has become a dear friend. We are grateful to have met her!

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- Peter McGillivray & Jillian Jopling- Peter McGillivray & Jillian Jopling
“Paige demonstrated all qualities you want in a realtor – knowledgeable, attentive, responsive, patient. She put us into our first dream home, and due to that experience, we’ve returned to her time and again for our other real estate needs. You will quickly realize after working with Paige that while she focuses on completing your deal, her endgame is to ensure her clients’ needs are preserved and satisfied.

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- Gail & Ian Mackey- Gail & Ian Mackey
“As first time buyers in the US, we are delighted to have worked with Paige. She is a delight to work with, and I would recommend anyone to enlist her help if you’re looking to either buy or sell a property.

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- Dr. Jen Shroff- Dr. Jen Shroff
“Paige is simply the best. She was patient with us throughout the process and took time to answer all of our questions! She knows so much about the housing market so we felt very confident that we were in great hands!

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- Travis LeConey- Travis LeConey
“Paige has helped my wife and I twice now. I couldn’t think of a better person to have in your corner when buying or selling! She guided us through the process, and made it seem so easy that selling/buying was fun! Paige is a great person, very responsive, and great at what she does. I recommend Paige to all my friends and co-workers. If you are buying or selling in the area Paige covers, give her a call. You won’t regret it!

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- Xavier Refunjol- Xavier Refunjol
“Paige is dedicated, thorough and caring to where you feel you’re their only client. Their best asset is their honesty, based on experience and data. We had a great time buying our first home largely because of them. We would not hesitate to recommend them to anyone.

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- Taylor Lamb- Taylor Lamb
“Paige was wonderful to work with. She was thorough, knowledgeable and patient. I would highly recommend Paige to anyone looking to buy or sell a home.”

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- Jeremy & Lynn Greene- Jeremy & Lynn Greene
“Paige Martin is the best Realtor. She is highly experienced and very knowledgeable. She made our buying experience an enjoyable one, not only for us, but for our daughter, son-in-law and several of our friends. We have bought and sold many houses, and Paige has been the best realtor we have ever worked with. We highly recommend her.

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- Dr. Forrest Roth, MD- Dr. Forrest Roth, MD
“Paige is the best of the best when it comes to real estate! She has bought & sold many properties for us & we couldn't recommend her more highly!

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- Tina Spiller, Chevron- Tina Spiller, Chevron
“I really enjoyed working with Paige on the sale of my townhome. The HAR listing was perfect and went up quickly and the sale was closed within 30 days. I definitely recommend Paige for any real estate transaction.

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Read 100+ Testimonials: LinkedIn for the Best Houston Realtor

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