Total number of homes sold
The total number of homes sold increased the most in the 77096 ZIP code, which covers the Meyerland area between Bellfort Avenue and Beechnut Street. A total of 485 homes were sold between June 2020 and May 2021, a 47.87% increase compared the previous 12-month period. It was also the ZIP code with the most homes sold overall.
Each of the five ZIP codes saw increases in homes sold in excess of 40% with the exception of 77025, which saw a 38.29% increase.
Average days on the market
The average number of days a home spent on the market fell in three of five ZIP codes, indicating the demand for homes is on the rise. The average days on market stayed the same in the 77005 ZIP code and rose by around 10% in the 77401 ZIP code, which covers the Bellaire area.
Between June 2020 and May 2021, homes were on the market for the shortest amount of time in the 77030 ZIP code, which covers the Texas Medical Center and surrounding areas such as Southgate and Old Braeswood.
Average home sales price
The average home sales price rose across all five ZIP codes, seeing the steepest increase in the Bellaire area, where the average price rose by almost $100,000.
Sales prices stayed relatively flat in the 77005 ZIP code, which covers the West University Place, Rice Village and Southampton areas, increase by 1.82%. Homes in the ZIP code are also the most expensive, hitting an average price of $1,487,085 over the June 2020-May 2021 time frame.