2022 Houston Real Estate In Review

HAR published its report on 2022 home sales in Houston. Let’s review how Houston’s real estate performed.

Single-Family Homes

The formal living room of 1332 W 21st Street A features a stunning enclave of bay windows that look out onto the front yard.

Units Sold and Price Comparison for December 2022

	November 2022	MoM Change	December 2022	YoY Change
Single-Family Home Sales	5,827	+8.6%	6,378	-32.6%
Single-Family Average Sales Price	$403,589	+1.5%	$409,777	+5.1%
Single-Family Median Sales Price	$332,000	-0.6%	$330,000	+3.8%

Source: HAR.com

Broken out by pricing, here’s how December 2022’s real estate sales performed:

:$1 – $99,999: decreased 22.3 percent
$100,000 – $149,999: decreased 29.1 percent
$150,000 – $249,999: decreased 42.8 percent
$250,000 – $499,999: decreased 29.7 percent
$500,000 – $999,999: decreased 19.6 percent
$1M and above: decreased 34.8 percent

Graph Comparing the Average Home Price in 2021 and 2022 — The above graph compares the average price of single-family homes in 2021 and 2022, broken down by month.

Plenty of natural light in this single-family home at 10506 Knoboak Drive.

Year-Over-Year Comparison of Units Sold

Jan.

Feb.

Mar.

Apr.

May

Jun.

Jul.

Aug.

Sep.

Oct.

Nov.

Dec.

2022

6,451

7,372

9,693

9,079

9,627

9,728

8,370

8,241

7,664

6,641

5,827

6,378

2021

6,024

5,997

9,309

9,100

9,714

10,649

10,102

9,918

9,235

8,597

8,374

9,467

YoY Change

+7.1%

+22.9%

+4.1%

-.02%

-.09%

-8.6%

-17.1%

-16.9%

-17%

-22.8%

-30.4%

-32.6%

Source: HAR.com

Graph Comparing Units Sold in 2021 and 2022 — The above graph compares the number of single-family homes sold in 2021 and 2022, broken down by month.

Condos & Townhomes

Plenty of room to entertain in this gorgeous townhome at 1103 Bonner Street.

Units Sold and Price Comparison for December 2022

	November 2022	MoM Change	December 2022	YoY Change
Units Sold	437	+.2%	438	-46.1%
Average Price	$253,551	-6.6%	$241,502	-6.4%
Median Price	$218,000	-2.3%	$214,999	-2.3%

Source: HAR.com

Have questions about renting, buying, or selling in the Houston and near-town areas? Get in touch with Circa Real Estate. They’d love to chat with you about how to make your real estate dreams a reality.