Houston Heights Market Update – July 2012

Lydia Davies August 7, 2012

Below you will find the most recent data on home sales and prices for the Greater Houston Heights area of Houston, Texas, which includes great neighborhoods such as Houston Heights, Woodland Heights, Norhill Heights, Sunset Heights, Brookesmith, and Shady Acres.  This great neighborhood is the ultimate combination of hip culture and family-oriented, kid-friendly atmosphere.  If you are interested in receiving monthly Houston and Greater Heights real estate news updates, then sign up for our RSS feed to receive instant updates. For more information about Greater Heights and to view past market updates, check out our Greater Heights neighborhood page.  Or email us at [email protected].

Sales Activity

112 Homes were sold in Houston Heights in the month of July.  That’s up 38% from the same period in 2011.   Not only were there a good number of homes sold, they sold fast last month.  Half of all listings sold in July sold in less than 35 days. The market in the Heights continues to be one of the strongest in the city.

Active Listings

Inventory levels in the Heights currently stands at 311 total homes active on the market and 148 new listings entering the market in July.  Current inventory levels in the Heights stand at 3 months!  That is very low.  This could be very good for home owners and home sellers. Homes are selling very quickly and there are more buyers than sellers.

Home Prices

Prices continue to climb in the Heights. The average price for properties sold over the past 12 months (ending in July 2012) was $343,976.  That’s up 5% from the previous 12 month period (ending July 2011).revival-market

Due to its affordability, location, and historic charm, Greater Heights is one of the most sought after communities in Houston. Most of the Heights was built in the early part of the 20th century. Although it is basically the center of town, back when it was developed it was known as the 1st suburb in Houston with trolley cars to downtown and ritzy boutiques along 19th street. The neighborhood went through some rough times in the 70s and 80s, but now it is one of the trendiest, family-oriented areas of town and the trendy boutiques and restaurants have returned to 19th Street and throughout the area.

The Houston Heights offers a diverse mix of old and new Victorian homes, early century craftsman homes, and newly constructed townhomes and modern developments. Subdivisions include some of the most sought after sections of Houston, including Houston Heights, Woodland Heights, Stude, Brooksmith, Sunset Heights, Shady Acres.

HOUSTON HEIGHTS REAL ESTATE