Homebuyers are migrating to the northern and western parts of the Greater Houston area, including portions of Hockley, Katy, Cypress, Tomball and Magnolia, a new report from the Houston Association of Realtors found. The report released April 25 ranked 206 communities in the Houston area by the greatest percentage increase in home purchases year over year in the first quarter of 2023.
Hockley tops the list with a 53.9% increase year over year in the number of homes purchased. The Old Towne area of Katy follows with a 49.3% increase year over year.
Other communities making up the Top 10 include:
- La Porte/Shoreacres up 21.2% year over year
- Porter/New Caney East up 20.5% year over year
- Cypress south up 19.8% year over year
- Tomball up 3.1% year over year
- Sienna area up 2.1% year over year
- Five Corners up 1.9% year over year
- Denver Harbor up 1.6% year over year
- Magnolia/1488 West up 0.1% year over year
Communities in the Top 10 also recording a lower average sales price than the region include:
- La Porte/Shoreacres
- Porter/New Caney East
- Five Corners
- Denver Harbor
