Q4 2020 Houston Real Estate Report - Benson Analytics by C. Harris Benson

Property of Benson Analytics,LLC

REAL ESTATE REPORT Houston, Texas | Residential Q4 2020

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Executive Summary It’s my pleasure to present to you the Q4 2020 Real Estate Report for residential properties in Houston, TX. As illustrated in the last report, Q3 2020 brought an influx of new properties to the market at both the Harris County and local market area level - total active listings were still well behind pace. Closed sales were up in Q3 2020 v 2019.

WELCOME READERS

Looking at Q4 2020, the year ended with strong activity for both New Listings and Closed Sales. Like Q3 2020, total active listings were still down in Q4 2020 v 2019. These figures include all three primary residential property types: single-family, townhomes, condos. Looking at the 37 local market areas, 31/37 areas had more (or equal) new listings in Q4 2020 v 2019. In terms of closed sales, 33/37 areas had more (or equal) than in Q4 2019. Total active listings were down in 22/37 local market areas – many in the double digits. For Harris Co., there were 6.15% more new listings and an increase in closed sales by 23.95% in comparison to Q4 2019. Total active listings were down 28.25% in Q4 2020 v 2019.

If you are a buyer, seller, investor or just someone wanting to better understand the local market, this report is for YOU. - Benson Analytics Team

On the pages to follow, we will dive into the Harris County highlights, market area comparisons and then market area dashboards for 37 different local market areas.

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.

Out of 37 total local market areas tracked, this section will show you how they stack up with one another: 1) Top 10 Markets based on Median Sales Price & Price Per SqFt per property type; 2) Presenting the Market Health Check for 2019 (buyer’s, seller’s or even market).

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

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Harris County Highlights

Q4 2020 brought an explosion in activity across Harris County with double digit increases in closed sales for all three primary property types: Single-Family (SF), Townhomes (TH) and Condominiums (CO). This came after a more moderate increase in Q3 2020 v 2019. The largest property type for residential real estate in Harris Co., Single-Family (SF) homes, saw a year-over-year increase in closed sales by more than 24%. The environment of low interest rates has certainly played a major part in that, but it’s also notable to point out the increase in sales prices by 11%. Though new listings in Q4 2020 for SF homes outpaced a year ago, total active listings were still down over 32%. This has resulted in a low inventory environment, causing an increase in competition for the best homes. As a result, homes are selling more quickly (cumulative days on market) and for higher prices. SF closed sales prices are up 11% in Q4 2020 v 2019. On the flip side, prices are still negotiable; however, the closed price to original list price ratio is a little tighter on average. Though condominiums are not a large part of the local housing stock, it’s notable that inventory levels are up in Q4 2020 v 2019. Closed sales on COs are up 20%, but the monthly inventory levels indicate that the overall pace is slower.

Remember, Months of Inventory = absorption rate. This figure measures how long (in terms of months) it will take for the current inventory of homes on the market to sell based on the pace of sales from the last 12 months, assuming no new homes come to the market. Before moving on, be sure to look at the data tables presented on this page in detail to better understand the Harris County market. 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. Additionally, you’ll learn which market was a buyer’s market, seller’s market or more of an even market.

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 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 Q4 2020. 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 | Q4 2020 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 m ths)

Even Market

(5 -7 m ths)

Buyer’s Market

(7 + m ths)

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Comparison

As referenced on the executive summary, there was strong activity throughout Harris County as well as the 37 local market areas tracked for this report. The table to the right shows you how Q4 2020 compares with Q4 2019 for the following data points: • Total New Listings • Total Active Listings • Total Closed Sales These figures include all three primary property types (SF, TH & CO). For a full breakdown of each market area, continue to the next section of the report.

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 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. Additionally, the typical home features will be shared for each market area. Keep in mind that some areas are quite large and have homes of varying age etc etc etc

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Market Area Details Click Market Area Button 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 | Q4 2020 Market Area Details

Bellaire Market Area *Single-Family Only

Active Closed Listings Sales

420

Med. Sales Mths of Closed Avg Sales Price $/SqFt Price Inventory $:Orig. List $

$904,083

$1,052,895

$267

6.7

94.20%

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

4-5 Bedrooms 4.1 Baths 2 Car Garage 4,500s sqft 8,000s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.16/sqft

$2,000

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Braeswood Place *Single-Family Only

Active Closed Med. Sales Listings Sales Price

146

$939,550

Avg Sales Price

$1,003,900

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

$268

8.1

95.43%

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

4-5 Bedrooms 4.1 Baths 2 Car Garage 4,500s sqft 8,000s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.26/sqft

$2,150

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Briar Hollow *Condominiums Only

Active Closed Listings Sales

137

Med. Sales Price

Avg Sales Price

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

$474,000

$498,000

$342

15.5

92.00%

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

2 Bedrooms 2.0 – 2.1 Baths N/A 1,800s sqft N/A

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.47/sqft

$1,665

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Briargrove *Single-Family Only

Active Closed Listings Sales

Med. Sales Price

Avg Sales Price

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

$836,833

$838,222

$296

5.2

94.23%

Typical Home Features Single-Family Homes Only (Year Built: 1999-)

3 Bedrooms 2.0 Baths 0-2 Car Garage 2,600s sqft 8,700s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.04/sqft

$1,500

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Cottage Grove *Single-Family Only

Active Closed Med. Sales Listings Sales Price

198

$412,319

Avg Sales Price

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

$420,381

$184

4.1

97.20%

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

3 Bedrooms 2.1 – 3.1 Baths 2 Car Garage 2,300s sqft 2,000s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.23/sqft

$2,600

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

EADO *Townhomes Only

Active Closed Med. Sales Listings Sales Price

$411,665

Avg Sales Price

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

$418,801

$207

3.1

98.50%

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

3 Bedrooms 3.1 Baths 2 Car Garage 2,100s sqft 1,800s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.22/sqft

$2,300

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Galleria *Single-Family Only

Active Closed Med. Sales Listings Sales Price

340

$605,000

Avg Sales Price

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

$668,443

$211

12.9

93.73%

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

3-4 Bedrooms 3.1 Baths 2 Car Garage 3,500s sqft 3,200s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.33/sqft

$1,500

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Garden Oaks *Single-Family Only

Active Closed Med. Sales Listings Sales Price

117

$525,833

Avg Sales Price

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

$624,273

$240

5.1

96.43%

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

4 Bedrooms 3.1 Baths 2 Car Garage 3,600s sqft 9,000s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.37/sqft

$1,773

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Greenway Plaza *Condos Only

Active Closed Med. Sales Listings Sales Price

142

$614,933

Avg Sales Price

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

$625,867

$321

15.3

86.00%

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

2 Bedrooms 2.0 – 2.1 Baths N/A 1,900s sqft N/A

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.69/sqft

$1,398

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Greater Heights *Single-Family Only

Active Closed Med. Sales Listings Sales Price

1145

428

$546,750

Avg Sales Price

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

$630,527

$287

3.4

96.83%

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

3 Bedrooms 3.1 Baths 2 Car Garage 2,500s sqft 3,000s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.49/sqft

$1,750

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Highland Village/ Midlane *Single-Family Only

Active Closed Listings Sales

Med. Sales Price

Avg Sales Price

$1,207,950 $1,207,950

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

$369

8.0

94.73%

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

4 Bedrooms 4.1 Baths 2 Car Garage 4,400s sqft 6,900s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.35/sqft

$2,550

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Active Closed Med. Sales Independence Listings Sales Price

Heights

*Single-Family Only

300

$273,500

Avg Sales Price

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

$258,067

$176

3.6

99.07%

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

3 Bedrooms 2.1 Baths 2 Car Garage 1,600s sqft 2,500s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.33/sqft

$1,250

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Knollwood /Woodside *Single-Family Only

Active Closed Med. Sales Listings Sales Price

159

$468,500

Avg Sales Price

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

$496,589

$198

6.0

93.00%

Typical Home Features Single-Family Homes Only (Year Built: 1999-)

3 Bedrooms 2.0 Baths 2 Car Garage 2,000s sqft 8,100s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.62/sqft

$1,473

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Medical Center Area

*Single-Family Only

Active Closed Med. Sales Listings Sales Price

176

$328,882

Avg Sales Price

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

$344,456

$177

4.6

96.53%

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

3 Bedrooms 2.1 – 3.1 Baths 2 Car Garage 2,000s sqft 1,600s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.24/sqft

$1,300

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Memorial Close-In *Single-Family Only

Active Closed Listings Sales

Med. Sales Price

Avg Sales Price

$2,157,800 $2,407,996

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

$347

10.6

89.20%

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

5-6 Bedrooms 5.2 – 6.2 Baths 3 Car Garage 8,000s sqft 24,000s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.35/sqft

$1,500

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Memorial Park *Single-Family Only

Active Closed Listings Sales

Med. Sales Price

Avg Sales Price

$2,174,174 $2,172,454

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

$416

8.0

92.73%

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

3-4 Bedrooms 3.1 Baths 2 Car Garage 3,700s sqft 2,700s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.57/sqft

$3,200

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Memorial Villages *Single-Family Only

Active Closed Listings Sales

410

Med. Sales Price

Avg Sales Price

$1,442,833 $1,646,032

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

$351

6.5

92.10%

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

5 Bedrooms 5.2 Baths 3 Car Garage 6,200s sqft 17,000s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.48/sqft

$3,600

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Meyerland Area *Single-Family Only

Active Closed Med. Sales Listings Sales Price

350

$322,167

Avg Sales Price

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

$364,059

$151

5.4

91.33%

Typical Home Features Single-Family Homes Only (Year Built: 1999-)

3-4 Bedrooms 2.0 – 2.1 Baths 2 Car Garage 2,300s sqft 9,400s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.04/sqft

$2,300

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Midtown *Townhomes Only

Active Closed Med. Sales Listings Sales Price

126

$324,000

Avg Sales Price

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

$342,839

$173

4.6

96.17%

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

2-3 Bedrooms 2.1 – 3.1 Baths 2 Car Garage 1,900s sqft 1,700s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.36/sqft

$1,850

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Montrose *Single-Family Only

Active Closed Listings Sales

336

Med. Sales Price

Avg Sales Price

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

$676,950

$711,040

$278

6.2

96.03%

Typical Home Features Single-Family Homes Only (Year Built: 1999-)

3 Bedrooms 2.0 – 2.1 Baths 0-1 Car Garage 2,300s sqft 5,300s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.35/sqft

$1,193

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Northside Village *Single-Family Only

Active Closed Listings Sales

340

Med. Sales Price

Avg Sales Price

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

$320,333

$310,233

$187

4.7

98.40%

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

3 Bedrooms 2.1 Baths 2 Car Garage 1,800s sqft 2,500s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.34/sqft

$1,300

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Oak Forest East *Single-Family Only

Active Closed Med. Sales Listings Sales Price

364

141

$497,133

Avg Sales Price

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

$606,714

$249

3.6

96.07%

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

3-4 Bedrooms 2.1 – 3.1 Baths 2 Car Garage 2,800s sqft 7,000s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.43/sqft

$1,850

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Oak Forest West *Single-Family Only

Active Closed Med. Sales Listings Sales Price

169

$296,167

Avg Sales Price

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

$335,532

$187

3.3

95.17%

Typical Home Features Single-Family Homes Only (Year Built: 1999-)

3 Bedrooms 2.0 Baths 2 Car Garage 1,600s sqft 7,500s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.10/sqft

$1,423

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Rice Military- Active Closed Med. Sales Price Washington Listings Sales Corridor *Single-Family Only

402

104

$480,333

Avg Sales Price

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

$508,074

$211

4.3

95.90%

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

3 Bedrooms 3.1 Baths 2 Car Garage 2,500s sqft 2,000s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.22/sqft

$2,600

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Rice – Museum District *Single-Family Only

Active Closed Listings Sales

270

Med. Sales Price

Avg Sales Price

$1,005,617 $1,205,514

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

$346

5.3

93.17%

Typical Home Features Single-Family Homes Only (Year Built: 1999-)

3-4 Bedrooms 2.1 – 3.1 Baths 1-2 Car Garage 2,800s sqft 6,600s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.30/sqft

$1,750

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

River Oaks Area *Single-Family Only

Active Closed Listings Sales

248

Med. Sales Price

Avg Sales Price

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

$2,513,508 $2,804,306 $526

9.5

90.43%

Typical Home Features Single-Family Homes Only (Year Built: 1999-)

4 Bedrooms 4.1 Baths 2 Car Garage 4,900s sqft 12,000s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.46/sqft

$2,000

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

River Oaks Shopping *Single-Family Only

Active Closed Med. Sales Listings Sales Price

120

$663,967

Avg Sales Price

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

$737,566

$229

10.1

90.80%

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

3-4 Bedrooms 3.1 Baths 2 Car Garage 3,200s sqft 2,500s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.54/sqft

$1,438

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Riverside *Single-Family Only

Active Closed Listings Sales

Med. Sales Price

Avg Sales Price

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

$405,000

$417,440

$162

5.1

92.17%

Typical Home Features Single-Family Homes Only (Year Built: 1999-)

3-4 Bedrooms 2.1 – 3.1 Baths 2 Car Garage 2,400s sqft 7,800s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.06/sqft

$1,950

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Roydon Oaks-Afton Oaks *Single-Family Only

Active Closed Listings Sales

Med. Sales Price

Avg Sales Price

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

$1,429,500 $1,597,465 $318

9.1

94.55%

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

4-5 Bedrooms 4.1 – 4.2 Baths 2 Car Garage 5,200s sqft 8,500s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.15/sqft

$2,300

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Spring Branch *Single-Family Only

Active Closed Listings Sales

1366

402

Med. Sales Price

Avg Sales Price

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

$346,693

$403,936

$180

4.3

94.97%

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

3-4 Bedrooms 2.1 – 3.1 Baths 2 Car Garage 2,100s sqft 2,200s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.12/sqft

$1,650

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Active Closed Tanglewood Listings Sales

Area

*Single-Family Only

226

Med. Sales Price

Avg Sales Price

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

$1,538,917 $1,598,946 $301

9.7

88.47%

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

4-5 Bedrooms 5.1 – 5.2 Baths 3 Car Garage 6,500s sqft 13,800s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.62/sqft

$2,675

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Active Closed Med. Sales Timbergrove Listings Sales Price

-Lazybrook

*Single-Family Only

243

$499,747

Avg Sales Price

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

$521,684

$246

3.5

97.27%

Typical Home Features Single-Family Homes Only (Year Built: 1999-)

3 Bedrooms 2.0 Baths 2 Car Garage 1,800s sqft 7,800s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.46/sqft

$2,425

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

University Area *Single-Family Only

Active Closed Med. Sales Listings Sales Price

324

$256,167

Avg Sales Price

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

$243,483

$142

3.5

92.77%

Typical Home Features Single-Family Homes Only (Year Built: 1999-)

3 Bedrooms 2.0 Baths 0-1 Car Garage 1,500s sqft 5,800s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.06/sqft

$1,295

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Upper Kirby *Single-Family Only

Active Closed Listings Sales

Med. Sales Price

Avg Sales Price

$1,090,708 $1,164,521

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

$324

9.6

90.47%

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

4 Bedrooms 3.1 – 4.1 Baths 2 Car Garage 4,200s sqft 3,600s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.58/sqft

$2,050

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Active Closed Med. Sales Washington Listings Sales Price

East/Sabine

*Single-Family Only

$430,567

Avg Sales Price

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

$471,907

$223

3.3

95.77%

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

3 Bedrooms 3.1 Baths 2 Car Garage 2,300s sqft 1,900s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.37/sqft

$2,770

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

West U – Southside Place *Single-Family Only

Active Closed Listings Sales

257

Med. Sales Price

Avg Sales Price

$1,310,833 $1,399,543

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

$385

4.1

93.23%

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

4 Bedrooms 4.1 Baths 2 Car Garage 4,300s sqft 6,200s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.44/sqft

$3,200

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020 Market Area Details

Willow Meadows Area *Single-Family Only

Active Closed Listings Sales

148

Med. Sales Price

Avg Sales Price

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

$323,583

$338,451

$164

3.9

93.10%

Typical Home Features Single-Family Homes Only (Year Built: 1999-)

3-4 Bedrooms 2.0 Baths 1-2 Car Garage 2,100s sqft 8,800s sqft Lot

(All Prop Types) (All Prop Types)

Med. Med. Rental Rental/Sqft Price

$1.06/sqft

$1,675

HOUSTON, TEXAS | RESIDENTIAL | Q4 2020

Questions? Don’t Hesitate to Connect!

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.

CONTACT BENSON ANALYTICS

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 and 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.