2022 Houston Real Estate In Review

Single-Family Home In Houston

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 Sales5,827+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.MayJun.Jul.Aug.Sep.Oct.Nov.Dec.
20226,4517,3729,6939,0799,6279,7288,3708,2417,6646,6415,8276,378
20216,0245,9979,3099,1009,71410,64910,1029,9189,2358,5978,3749,467
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 Sold437+.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.