Houston Heights Market Update – December 2012

Norhill Realty January 7, 2013

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

98 homes were sold in Houston Heights in the month of December.  That’s up 14% from December 2012.  Half all homes sold in December were on the market less than 28 days.

The Heights was one of the strongest real estate markets in Houston.  The number of homes sold in the Heights was up 34% from the previous year.  The median days on market was down 33% to 33 days on market.

Active Listings

With 236 listings currently active in the Heights, inventory levels have fallen to less than 2 and a half months of available inventory.  78 new listings came on the market in November, and 24 of those units are already under contract.

Home Prices

For 2012, prices rose 3% from the previous year for all properties.  Single family homes performed particularly well. Rising 4% in 2012 from the previous year. With inventory levels at such low levels, prices could continue to move even higher in 2013.Tulane2

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 REAL ESTATE

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