Increase in Houston home prices in past decade revealed in new report
HOUSTON, Texas -- Homes in Houston are selling at a dizzying pace, as CultureMap has previously reported. Hardly surprising, considering that in the past decade, every Texas metro area saw its home prices soar.
RELATED STORY: Houston's real estate market reaches record levels
To that end, a new report from the Texas Association of Realtors reviews home-selling activity across the state during the previous 10 years (2011 through 2020).
The Houston area notched a moderate increase, 68%, in the median home price from 2011 ($154,500) to 2020 ($260,000). By the numbers, some 58,223 homes were sold in Houston in 2011, with 99,339 sold in 2020 - a whopping 71% increase. The average price per square foot in 2011 was $83; in 2020, the price jumped to $133.
SEE RELATED STORY: Median home price in US hits record-breaking $350K, up 24% from $284K in May
For more on this story, continue reading from our ABC13 partners at Houston CultureMap.
