Q2 2021 Houston Real Estate Report by C. Harris Benson

Property of Benson Analytics,LLC

REAL ESTATE REPORT Houston, Texas | Residential Q2 2021

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Welcome Message It’s my pleasure to present to you the Q2 2021 Residential Real Estate Report for Houston, TX. This report takes a closer look at the Q2 2021 housing market with a focus on Harris Co. and 37 different local market areas. The market in Houston is still a story about limited supply and strong demand resulting in price increases. To put things in perspective, here is how median sales prices (Q2 year-over-year) of singlefamily homes in Houston (Harris Co.) compares to other Texas cities: • Houston (Harris Co.) - $296,973 (23% increase) • Austin (Travis Co.) - $580,000 (43% increase) • Dallas (Dallas Co.) - $335,000 (27% increase) • Ft. Worth (Tarrant Co.) - $305,000 (20% increase) • San Antonio (Bexar Co.) - $270,000 (14% increase) As I often stress, it’s especially important to get granular when trying to understand the housing market here in Houston. This report is designed to give you the foundation of knowledge necessary to better understand our city and its unique real estate landscape. If you seek additional information about a market area covered or would like information about a market area not covered in this report, let me know and I’ll be happy to assist. My goal is to help you better understand the market so you can make educated, well-informed real estate decisions. Thanks for reading and let me know how I can assist you, Harris Benson

SECTIONS OF THE REPORT Click Section Title To Navigate

1. Harris County Highlights

2. Market Area Comparison

3. Market Area Details

Understand the market at the macro level: Harris County. Includes period-over-period comparisons, price segment distributions as well as other historical data trends.

This section will show you how each area stacks up: 1) Top 10 Markets based on Med. Sales Price & $/SqFt per property type; 2) Presenting the Market Health Check (buyer’s, seller’s or even market).

Get a detailed breakdown of all 37 local market areas tracked with periodover-period changes included.

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Harris County Highlights This time last year (Q2 2020), we experienced uncertainty in the housing market due to the pandemic. This was reflected in a all of the key metrics tracked, which you can see in the matrix below (includes Q2 2019 as well). Yes, there are other market factors at play here (i.e. interest rates) so it’s not necessarily apples to apples. That being said, this will give you a sense of performance in a non-pandemic year. Looking at the most prominent property type in Houston, singlefamily homes (SF), you can see how performance in Q2 2021 far outpaced the last two years. In Q2 2020, new listings were down 17% compared to a year prior and total active listings were down 14%. This was fully expected as the market continued to react to pandemic life and consumer trends. Looking at Q2 2021, new listings were only behind pace of 2019 by 4% and more positively up 14% in comparison to Q2 2020. This sounds positive, but the staggering statistic is the great deficit of total active listings. Remember, Months of Inventory = absorption rate. Inventory is the hot topic across all property types, but it’s interesting to see how both Townhomes (TH) and Condos (CO) have differed from SF. Unlike SF homes, both TH and CO experienced net positives in terms of new listings for Q2 2021 compared to the last two years for Q2. That being said, both are still behind in total active inventory (CO not far off pace). For buyers and sellers actively in the market, price negotiability is still pretty minimal overall when looking at things from a Harris County level. For SF homes, the average sales price was 99.8% of the originally listed price. This is 3% higher than the last two years. The next section of the report, Market Area Comparison, will show how the local market areas compare in terms of price and price per square foot, broken down by property type. All Rights Reserved to Benson Analytics, LLC| harris.benson@elliman.com | 713.299.3015 | www.harrisbenson.com

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Section Introduction

Market Area Comparison

TOP 10 MARKETS

HEALTH CHECK

MEDIAN SALES PRICE

PRICE PER SQFT

INVENTORY LEVELS

When working to understand residential real estate in Houston, it’s important to break things down on a local market level. Due to limited zoning found throughout near-town Houston market, each area is unique in many ways – not just location. This is among the many reasons why we track 37 different local market areas. The next section of The Report will break down the Top 10 Market Areas by both Median Sales Price and Price Per Square Foot for Q2 2021. Months of Inventory is one of the most important market statistics in real estate as it helps to answer one of the most frequently asked questions, “what type of market are we in?”. The next section will put each of the 37 local market areas into different buckets based on this vital health check: Seller’s Market (0-4.9 months), Even Market (5 – 7 months) or Buyer’s Market (7+ months).

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Comparison

Top 10 Markets Median Sales Price

Top 10 Markets Price Per SqFt

Market Health Check Inventory Levels (SF Only) Seller’s Market

(0-5 mths)

Even Market

(5-7 mths)

Buyer’s Market

(7+ mths)

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Comparison

The above data table provides market insights for Harris County as well as 37 different local market areas by taking a look at four key metrics: Total New Listings (prop types: SF, TH, CO), Total Active Listings (SF, TH, CO), Total Closed Sales (SF, TH , CO) and Median Sales Prices (SF Only). In addition to year-over-year performance, this data table will compare Q2 2021 performance to Q2 2019. The pages ahead will offer more details on the local market areas with a focus on Q2 2021; however, if you are wanting details from years past then do not hesitate to reach out using the contact info in the footnotes. All Rights Reserved to Benson Analytics, LLC| harris.benson@elliman.com | 713.299.3015 | www.harrisbenson.com

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Market Area Details

37 LOCAL MARKET AREAS

THREE PROPERTY TYPES

FULL DETAILS

The next section will provide full details for 37 local market areas actively tracked on a monthly basis, representing the most relevant market areas to the “near town” Houston residential real estate market. As markets can differ by both location and property type, the data is broken down by property type for further accuracy: Single-Family Homes, Townhomes and Condominiums. Keep in mind that this data doesn’t break it down by new construction v existing homes, but reach out to us if this is something you are interested in. The data provided has been sourced from outlets deemed reliable and every effort has been made to ensure its accuracy. Properties sold outside of the public marketplace are excluded. As previously stated, this is not meant to replace a specific property analysis; however, it will provide you the real data for your market area broken down by property type.

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Market Area Details Click Section Title To Navigate

Bellaire

Knollwood/Woodside

River Oaks Area

Braeswood Place

Medical Center Area

River Oaks Shopping Area

Briar Hollow

Memorial Close-In

Riverside

Briargrove

Memorial Park

Roydon Oaks/Afton Oaks

Cottage Grove

Memorial Villages

Spring Branch

EADO

Meyerland Area

Tanglewood Area

Galleria

Midtown

Timbergrove/Lazybrook

Garden Oaks

Montrose

University Area

Greenway Plaza

Northside Village

Upper Kirby

Heights/Greater Heights

Oak Forest East

Washington East/Sabine

Highland Village/Midlane

Oak Forest West

West U./Southside Place

Independence Heights

Rice Mil./Wash. Corridor

Willow Meadows Area

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Bellaire Market Area *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

$/SqFt

Mths of Inventory

363

108

$928,367

$968,240

$270

4.3

Closed $:Orig. (SF Only) Med. (SF Only) Med. List $ Rental/Sqft Rental Price

95.73%

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

4-5 Bedrooms 4.1 Baths 2 Car Garage 4,500s sqft

$1.38/sqft

$2,250

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Braeswood Place *Single-Family Only

Active Closed Listings Sales

125

Med. Sales Price

Avg Sales Price

$/SqFt

Mths of Inventory

$1,129,892

$1,101,244

$298

4.8

Closed $:Orig. (SF Only) Med. (SF Only) Med. List $ Rental/Sqft Rental Price

98.27%

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

4-5 Bedrooms 4.1 Baths 2 Car Garage 4,300s sqft

$1.66/sqft

$3,725

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Briar Hollow *Condos Only

Active Listings

Closed Sales

Med. Sales Price

147

$499,167

Avg Sales Price $/SqFt

$553,815

$315

(TH Only)

Mths of Inventory

Closed $:Orig. List $

Med. Rental/Sqft

Med. Rental Price

12.4

91.73%

$1.31/sqft

$2,775

Typical Home Features Mid/Hi-Rise Condos Only (Year Built: All)

2 Bedrooms

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Briargrove *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

$/SqFt

Mths of Inventory

$998,500

$1,165,674

$343

5.5

Closed $:Orig. (SF Only) Med. (SF Only) Med. List $ Rental/Sqft Rental Price

96.5%

Typical Home Features

Single-Family Homes Only (Year Built: 1999-)

3 Bedrooms 2.0 Baths

$2.07/sqft

$6,000

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Cottage Grove *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

$/SqFt

Mths of Inventory

120

$438,583

$443,070

$194

2.0

Closed $:Orig. (SF Only) Med. (SF Only) Med. List $ Rental/Sqft Rental Price

98.53%

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

3 Bedrooms

$1.29/sqft

$2,700

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

EADO *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

$375,833

$375,956

(All Prop Types) Med.

$/SqFt

Mths of Inventory

Closed $:Orig. List $

Rental/Sqft

Rental Price

$187

1.8

98.13%

$1.17/sqft

$2,303

Typical Home Features

Single-Family & Townhomes (Year Built: 2000+)

3 Bedrooms 3.1 Baths

(SF/TH) Med.

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Galleria *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

$/SqFt

Mths of Inventory

259

$608,846

$698,389

$225

6.7

Closed $:Orig. (SF Only) Med. (SF Only) Med. List $ Rental/Sqft Rental Price

95.37

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

3-4 Bedrooms 3.1 Baths 2 Car Garage 3,500s sqft

$1.33/sqft

$3,250

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Garden Oaks *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

$/SqFt

Mths of Inventory

$599,785

$672,179

$291

1.9

Closed $:Orig. (SF Only) Med. (SF Only) Med. List $ Rental/Sqft Rental Price

98.63%

Typical Home Features

Single-Family Homes Only (Year Built: 1999-)

3 Bedrooms 2.0 Baths

$1.67/sqft

$2,398

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Greenway Plaza *Condos Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

$828,000

$1,074,333

(CO Only)

$/SqFt

Mths of Inventory

Closed $:Orig. List $

Med. Rental/Sqft

Med. Rental Price

$397

8.0

91.30%

$2.02/sqft

$2,425

Typical Home Features Mid/Hi-Rise Condos Only (Year Built: All)

2 Bedrooms

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Greater Heights *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

907

506

$553,667

$661,324

$/SqFt

Mths of Inventory

Closed $:Orig. List $

(All Prop Types) Med.

(SF Only) Med.

Rental/Sqft

Rental Price

$300

2.3

98.83%

$1.57/sqft

$2,500

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

3 Bedrooms 3.1 Baths

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Highland Village/ Midlane

*Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

$964,000

Avg Sales Price $/SqFt

$1,034,760

$375

Mths of Inventory

Closed $:Orig. List $

(All Prop Types) Med.

(SF Only) Med.

Rental/Sqft

Rental Price

8.3

95.20%

$1.97/sqft

$5,450

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

4 Bedrooms 4.1 Baths

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Independence Heights *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

274

$291,479

$303,727

$/SqFt

Mths of Inventory

Closed $:Orig. List $

(All Prop Types) Med.

(SF Only) Med.

Rental/Sqft

Rental Price

$188

3.4

98.80%

$1.26/sqft

$1,750

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

3 Bedrooms 2.1 Baths

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Knollwood /Woodside *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

$465,142

$550,538

$/SqFt

Mths of Inventory

Closed $:Orig. List $

(All Prop Types) Med.

(SF Only) Med.

Rental/Sqft

Rental Price

$204

2.9

94.70%

$1.15/sqft

$2,200

Typical Home Features

Single-Family Homes Only (Year Built: 1999-)

3 Bedrooms 2.0 Baths

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Medical Center Area

*Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

147

$342,482

$340,503

$/SqFt

Mths of Inventory

Closed $:Orig. List $

(All Prop Types) Med.

(SF Only) Med.

Rental/Sqft

Rental Price

$169

3.4

98.27%

$1.17/sqft

$2,100

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

3 Bedrooms

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Memorial Close-In *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

106

$1,798,767

Avg Sales Price $/SqFt

$1,749,115

$352

(All Prop Types) Med.

(TH Only)

Mths of Inventory

Closed $:Orig. List $

Rental/Sqft

Med. Rental Price

9.9

94.83%

$1.38/sqft

$1,500

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

5-6 Bedrooms

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Memorial Park *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

$1,287,000

Avg Sales Price $/SqFt

$1,323,182

$352

(All Prop Types) Med.

(TH Only)

Mths of Inventory

Closed $:Orig. List $

Rental/Sqft

Med. Rental Price

4.6

91.37%

$1.53/sqft

$3,500

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

4 Bedrooms

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Memorial Villages *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

392

101

$1,585,917

Avg Sales Price $/SqFt

$1,872,150

$381

Mths of Inventory

Closed $:Orig. List $

(All Prop Types) Med.

(SF Only) Med.

Rental/Sqft

Rental Price

4.8

94.57%

$1.90/sqft

$5,250

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

5 Bedrooms 5.2 Baths

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Meyerland Area *Single-Family Only

Active Listings

Closed Sales

241

Med. Sales Avg Sales Price $/SqFt Price

$407,000

$444,958

$174

Mths of Inventory

Closed $:Orig. List $

(All Prop Types) Med.

(SF Only) Med.

Rental/Sqft

Rental Price

3.0

96.07%

$1.08/sqft

$2,700

Typical Home Features

Single-Family Homes Only (Year Built: 1999-)

3-4 Bedrooms

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Midtown *Townhomes Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

112

$341,833

$350,224

(All Prop Types) Med.

(TH Only)

$/SqFt

Mths of Inventory

Closed $:Orig. List $

Rental/Sqft

Med. Rental Price

$171

3.3

97.03%

$1.22/sqft

$2,163

Typical Home Features Townhomes Only (Year Built: 2000+)

2-3 Bedrooms

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Montrose *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

347

$697,333

Avg Sales Price $/SqFt

$783,281

$292

(All Prop Types) Med.

(SFF Only)

Mths of Inventory

Closed $:Orig. List $

Rental/Sqft

Med. Rental Price

5.4

96.07%

$1.52/sqft

$2,925

Typical Home Features

Single-Family Homes Only (Year Built: 1999-)

3 Bedrooms

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Northside Village *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

286

$312,637

Avg Sales Price $/SqFt

$331,594

$212

Mths of Inventory

Closed $:Orig. List $

(All Prop Types) Med.

(SF Only) Med.

Rental/Sqft

Rental Price

3.8

97.17%

$1.29/sqft

$1,983

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

3 Bedrooms 2.1 Baths

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Oak Forest East *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

241

155

$503,141

Avg Sales Price $/SqFt

$631,717

$260

Mths of Inventory

Closed $:Orig. List $

(All Prop Types) Med.

(SF Only) Med.

Rental/Sqft

Rental Price

1.9

99.53%

$1.47/sqft

$2,200

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

4 Bedrooms 3.1 Baths

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Oak Forest West *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

113

$338,833

Avg Sales Price $/SqFt

$373,639

$209

Mths of Inventory

Closed $:Orig. List $

(All Prop Types) Med.

(SF Only) Med.

Rental/Sqft

Rental Price

1.6

98.10%

$1.33/sqft

$1,850

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

3 Bedrooms 2.0 Baths

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details Rice Military- Active Washington Listings Corridor *Single-Family Only 355

Closed Sales

132

Med. Sales Avg Sales Price $/SqFt Price

$491,500

$526,486

$223

Mths of Inventory

Closed $:Orig. List $

(All Prop Types) Med.

(SF Only) Med.

Rental/Sqft

Rental Price

3.3

97.27%

$1.31/sqft

$2,800

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

3 Bedrooms 3.1 Baths

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Rice – Museum District

*Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

271

$915,000

Avg Sales Price $/SqFt

$983,817

$328

Mths of Inventory

Closed $:Orig. List $

(All Prop Types) Med.

(SF Only) Med.

Rental/Sqft

Rental Price

4.5

96.97%

$1.31/sqft

$2,975

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

3-4 Bedrooms 3.1 Baths 2 Car Garage 3,200s sqft

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

River Oaks Area *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

209

$2,436,667

$3,116,988

$/SqFt

Mths of Inventory

Closed $:Orig. List $

(All Prop Types) Med.

(SF Only) Med.

Rental/Sqft

Rental Price

$536

5.7

93.13%

$2.76/sqft

$10,850

Typical Home Features

Single-Family Homes Only (Year Built: 1999-)

4 Bedrooms 4.1 Baths

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details River Oaks Shopping *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

$801,638

$827,055

$/SqFt

Mths of Inventory

Closed $:Orig. List $

(All Prop Types) Med.

(SF Only) Med.

Rental/Sqft

Rental Price

$268

4.2

97.10%

$1.45/sqft

$2,000

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

3-4 Bedrooms 3.1 Baths 2 Car Garage 3,400s sqft

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Riverside *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

$536,150

Avg Sales Price $/SqFt

$535,256

$187

Mths of Inventory

Closed $:Orig. List $

(All Prop Types) Med.

(SF Only) Med.

Rental/Sqft

Rental Price

3.2

94.50%

$1.23/sqft

$2,325

Typical Home Features

Single-Family Homes Only (Year Built: 1999-)

3 Bedrooms 2.1 Baths

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Roydon Oaks-Afton Oaks *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

$1,280,000

$1,509,010

Mths of Closed $:Orig. $/SqFt Inventory List $

$370

6.4

97.03%

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

4 Bedrooms 4.1 Baths

(All Prop Types)

Med. Rental/Sqft

$1.67/sqft

(SF Only) Med.

Rental Price

$3,875

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Spring Branch *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

1236

516

$378,333

Avg Sales Price $/SqFt

$455,589

$193

Mths of Inventory

Closed $:Orig. List $

(All Prop Types) Med.

(SF Only) Med.

Rental/Sqft

Rental Price

3.3

97.73%

$1.21/sqft

$2,000

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

3-4 Bedrooms

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details Tanglewood Area *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

217

$1,446,000

$1,739,062

$/SqFt

Mths of Inventory

Closed $:Orig. List $

(All Prop Types) Med.

(SF Only) Med.

Rental/Sqft

Rental Price

$327

7.5

92.03%

$2.13/sqft

$5,800

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

5 Bedrooms 5.2 Baths

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details TimbergroveLazybrook *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

163

$521,708

$552,124

$/SqFt

Mths of Inventory

Closed $:Orig. List $

(All Prop Types) Med.

(SF Only) Med.

Rental/Sqft

Rental Price

$261

2.0

98.67%

$1.45/sqft

$2,425

Typical Home Features

Single-Family Homes Only (Year Built: 1999-)

3 Bedrooms 2.0 Baths

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

University Area *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

340

$242,833

Avg Sales Price $/SqFt

$261,850

$157

Mths of Inventory

Closed $:Orig. List $

(All Prop Types) Med.

(SF Only) Med.

Rental/Sqft

Rental Price

3.7

97.90%

$1.16/sqft

$1,425

Typical Home Features

Single-Family Homes Only (Year Built: 1999-)

3 Bedrooms 2.0 Baths

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Upper Kirby *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

$795,833

Avg Sales Price $/SqFt

$906,871

$302

Mths of Inventory

Closed $:Orig. List $

(All Prop Types) Med.

(SF Only) Med.

Rental/Sqft

Rental Price

5.1

95.10%

$1.50/sqft

$2,975

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

4 Bedrooms

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Washington East/Sabine *Single-Family Only

Active Listings

Closed Sales

Med. Sales Avg Sales Price $/SqFt Price

$502,654

$532,104

$239

Mths of Inventory

Closed $:Orig. List $

(All Prop Types) Med.

(SF Only) Med.

Rental/Sqft

Rental Price

2.6

99.03%

$1.37/sqft

$2,700

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

3 Bedrooms 3.1 Baths

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

West U – Southside Place *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

225

128

$1,256,553

Avg Sales Price $/SqFt

$1,380,126

$399

Mths of Inventory

Closed $:Orig. List $

(All Prop Types) Med.

(SF Only) Med.

Rental/Sqft

Rental Price

2.7

96.87%

$1.99/sqft

$3,875

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

4 Bedrooms 4.1 Baths

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021 Market Area Details

Willow Meadows Area *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

116

$325,167

Avg Sales Price $/SqFt

$371,783

$179

Mths of Inventory

Closed $:Orig. List $

(All Prop Types) Med.

(SF Only) Med.

Rental/Sqft

Rental Price

2.6

97.50%

$1.09/sqft

$2,000

Typical Home Features

Single-Family Homes Only (Year Built: 1999-)

3-4 Bedrooms 2.0 Baths 2 Car Garage 2,100s sqft

HOUSTON, TEXAS|RESIDENTIAL|Q2 2021

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RESEARCH METHODOLOGY The information within this report is the result of a compilation of information on residential real estate located in the Houston Metropolitan Area. Properties sold outside of the public marketplace are excluded from this report and any analysis included. All information included has been sourced from outlets deemed reliable and every effort has been made to ensure its accuracy. Data used is sourced from the Texas REALTOR® Data Relevance Project, a partnership among Texas REALTOR® associations throughout the state. Analysis provided through a research agreement with the Real Estate Center at Texas A&M University. Data is also sourced directly from HAR/MLS.

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ABOUT BENSON ANALYTICS Officially formed in 2020, Benson Analytics, LLC is solely focused on providing the consumer with accurate, reliable and relevant information. Data integrity is at the forefront and every reasonable effort is made to ensure its accuracy, although it cannot be guaranteed due to the ebbs and flows of the market.

Harris Benson E: Harris@bensonanalytics.com M: +1 713.299.3015 www.bensonanalytics.com

The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies a nd readers are encouraged to consult their professional advisors prior to acting on any of the material contained in this report. If your home is presently offered for sale, this is not a solicitation of the listing.