The Missouri City real estate market stayed stable with 405 homes on the market by the end of April, staying above 360 homes available for the eleventh consecutive month, the first time since 2019.
Supply chain issues and record-low interest rates during the COVID-19 pandemic affected inventory levels, which were as low as 0.42 months of inventory locally in February 2020, Shae Cottar, chair of the Houston Association of Realtors, said. Homebuilders have since helped replenish that stock across the Greater Houston area, he said.
“I think that while a lot of times it's easy to look at the last five years and feel like that is the way it is, that's normal; if you look on a historical timeline, I think what we're actually seeing right now is a normalizing of the market,” Cottar said at the June 10 Houston Northwest Chamber of Commerce luncheon. “We're getting it back to something that's more sustainable because those 3.5% interest rates ... and those price points of $50,000 and $100,000 over asking—those things are not sustainable.”
During the first three months of 2025, 34% of Sugar Land households could afford to buy a median-priced home, while the number climbed to 49% in Missouri City, compared to 43% in Fort Bend County, according to HAR's Q1 Housing and Rental Affordability Report released May 8.
In the first quarter, the median price of a home in the Missouri City area was $340,000, with a minimum qualifying annual household income of $105,200, and Sugar Land’s median home price was $485,000 with a minimum qualifying income of $141,600, data showed. Fort Bend County’s median home was $378,000, and its minimum qualifying income was $117,600, according to the report.
Out of the eight submarkets within Fort Bend County, Missouri City was the third-most affordable area. Rosenberg and Stafford were the only two submarkets where more people could afford the median home price, HAR reported. Sugar Land was the fifth-most affordable area, ahead of only Fulshear, Cinco Ranch and Sienna.
