Houston Heights Market Update – May 2012

Norhill Realty June 8, 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

Another really strong month for Greater Heights based on the number of homes sold in May.  130 homes closed in May, which is significantly higher than the 93 homes sold in the month of April.  On top of the 130 homes sold, an astonishing 118 homes went Option Pending in May.   The average days on market for homes sold in May was 39 days.

Active Listings

Inventory levels in the Heights currently stands at 337 total homes active on the market and 159 new listings came on the market in the month of May.  298 of the homes currently on the market are single family homes and 39 are townhomes or condos.

Home Prices

The average price for properties sold over the past 12 months (ending in May 2012) was $347,355.  That’s up 6% from the previous 12 month period (ending May 2011).  In the past 12 to 18 months, we have also found a significant amount of activity on the retail front in “the Heights” with the addition of new restaurants and markets like, Down House, Liberty Kitchen, Revival Market, and a host of other great restaurants along White Oak Blvd.  This activity may be contributing to the price appreciation and level of interest in this great Houston neighborhood.Tulane slider

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 HOMES FOR SALE

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