The National Association of Realtors reported in July that existing home sales saw a moderate 2% rise across the nation. However, in Houston, existing home sales increased by 9%, with significant gains across most price ranges.
In the five ZIP codes covered by Community Impact representing Bellaire, Meyerland and West University Place neighborhoods, home sales also increased. Check out market specific data below for more details. Market data is provided by Homeward and includes single-family homes, townhomes and condominiums.
Number of homes sold
The number of homes sold increased in three out of five local ZIP codes, with the remaining two breaking even when compared to last year.
Specifically, homes located in the 77005 ZIP code, which covers West University Place and Rice Village, saw a 25% increase in the number of homes sold, jumping from 20 to 25. In 77401, which covers Bellaire, 30 homes were sold in July, a 25% increase from the 24 sold in 2024. However, the Texas Medical Center area, 77030, saw the largest jump in homes sold, rising from five in 2024 to eight, a 60% increase.
For 77025, Braeswood and Willow Bend, and 77096, Meyerland area, the same number of homes were sold year over year at 22 and 25, respectively.
In West University Place and Bellaire, according to market data provided by Homeward, median home sales prices dropped in both neighborhoods by 16.65% and 9.25%, respectively. For West U, that drop equates to an almost $350,000 difference. For Bellaire, homes were about $117,180 cheaper. In Braeswood, homes sales prices declined by 31%.
Prices increased in the Texas Medical Center, shifting from less than a million to $1.1 million, and in the Meyerland area, which only saw a $4,000 increase.
In the three ZIP codes where more homes were sold—77005, 77030 and 77401 —the average days on market also decreased. In West U, the Texas Medical Center and Bellaire areas, homes spent 1.22%, 5% and 28.92% less days on the market before being sold, respectively.
For homes in the Braeswood and Meyerland neighborhoods, homes spent more time on the market. With 77025, seeing a 29.31% surge and 77096 seeing a 44.83% swell.
