Total home sales were down in four of five local ZIP codes covering the Bellaire, Meyerland and West University areas when comparing data from September 2023 with September 2022,
mirroring a trend seen across the city of Houston. Home sales saw smaller drops in the 77401 and 77030 ZIP codes, which cover Bellaire and the Texas Medical Center area, respectively. Larger drops were seen in the 77005 and 77025 ZIP codes, covering Braeswood Place and West University Place. Sales rose in the Meyerland area.
Data was provided to
Community Impact by Alina Rogers with
Sparrow Realty.
Meanwhile, median home sale prices were relatively flat in ZIP codes covering Meyerland and West U when comparing September 2023 with September 2022, while the Bellaire area saw prices go up.
Trends in the average number of days a home spends on the market before it sells mirrored trends in total sales. Each of the ZIP codes that saw drops in total sales also saw drops in the average number of days on the market. In the Meyerland area, the average number of days on the market was more than twice as high in September 2023 when compared to September 2022.
Of the 79 homes sold that month in the area, about 40% of them sold for more than $1 million.