Houston Market Report: 10-Year Houston Real Estate Trends
Real Estate Status of Houston in 2024
With so much going on across the country and rising costs, you may be wondering how it will affect real estate in 2023.
In an effort to provide a more in-depth look into the housing market in Houston, the Houston Real Estate Investing Trends report analyzed over 17,000 single-family home sales in the Central Houston area over the past decade.
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"Our experience working with the Houston Properties Team is exceptional. From day one, we felt as though we had a personal team handling the sale of our home. They consistently provided us with reports and advice on how to proceed. All their efforts not only lead to a successful and lucrative close but also eliminated a great deal of the anxiety and pressure.” – Arpita Niranjan
Table of Contents
- Highlights of the Houston Real Estate Trends report includes:
- Houston Cost Of Living
- The Best Houston Realtor to Sell Your Home
Highlights of the Houston Real Estate Trends report includes:
As the authority in Houston real estate, we'll provide you with the most candid advice on any property so you can make the best decision for you and your family. We'll tell you the "bad" and the "ugly" because we're not just your real estate agent — we're your trusted advisor.
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Houston Association of Realtors (HAR) reported that last year was one of Houston’s best real estate years ever. Local real estate markets are closely tied to the region’s economy and job growth.
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Houston’s economy has been recognized for continued expansion:
- #1 Job Growth (source US Bureau of Labor Statistics)
- #1 Lowest Cost of Living among 24 MSAs with a population greater than 2M (source ACCRA Cost of Living Index)
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Specifically, within 610 Loop and the Memorial area of Houston, neighborhoods with the highest appreciation include:
Over the past decade
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Rice Military (71% appreciation)
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Braeswood (70% appreciation)
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Midtown Houston (70% appreciation)
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College Court (65% appreciation)
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The average single-family home price in the seventeen areas that were reviewed grew by 47%.
Over the Past Five Years
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Midtown Houston (36% appreciation)
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Montrose (16% appreciation)
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Timbergrove (16% appreciation)
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The average single-family home price in the seventeen areas that were reviewed grew by 3%.
Houston Cost Of Living
Call Paige at 713-425-4194 to tour a Houston Home today or email [email protected] for more information.
Accounting for migration trends, Houston is still one of the top destinations for relocation.
Texas has no state income tax. Employment is also one of the main drivers, and it shows Houston is now less dependent on the oil and gas industry:
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Texas has the 8th lowest tax rate in the U.S.
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Houston is #3 in areas with the lowest living costs
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1 in 3 manufacturers in Texas is located in Houston
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We’re ranked as the #1 seaport in North America
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Houston is home to over 500 tech companies
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Our city has the largest medical facility, with over 360,000 healthcare professionals
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Houston has the 4th highest # of Fortune 500 companies
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35% of publicly traded oil and gas companies are located in Houston
Houston also has the 3rd lowest living costs among the most populous U.S. metro areas.
Houston’s living costs are 4.4% below the nationwide average and 26% below the average of the nation’s most populous metropolitan areas.
The Best Houston Realtor to Sell Your Home
The Houston Properties Team has a well-defined structure based on the individual strengths of each member. Each member is a specialist in their role – which is why our homes sell faster and for more money than average.
Paige Martin, Broker Associate with Keller Williams Realty, and the Houston Properties Team are ranked among the top residential Realtors in the world.
They have been featured on TV and in dozens of publications including The Wall Street Journal, Fortune Magazine, Reuters, Fox News in the Morning, Money Magazine, Houston Business Journal, Houstonia, and Houston Chronicle.
Paige Martin was just ranked as the #5 agent in the world with Keller Williams, completing over $1 Billion in Houston residential real estate sales.
Recent awards include:
– 2022: #1 Residential Real Estate Team by Sales Volume, Houston Business Journal
– 2021: Best Real Estate Teams in America, RealTrends.com
– 2021: Top 100 Women Leaders in Real Estate of 2021
– 2021: America’s Top 100 Real Estate Agents
– 2021: Top Real Estate Team (Houston Properties Team), Houston Business Journal
– 2021: Best Houston Real Estate Team, Best of Reader’s Choice
– 2021: Top Real Estate Team (Houston Properties Team), Houston Business Journal
– 2021: #1 Real Estate Team, Keller Williams Memorial
– 2020: America’s Best Real Estate Teams, Best of America Trends
– 2020: Best Houston Real Estate Team, Best of Reader’s Choice
– 2020: Top Real Estate Team (Houston Properties Team), Houston Business Journal
– 2020: #6 Individual Agent, Keller Williams, Worldwide
– 2020: #1 Individual Agent, Keller Williams, Texas (Top Keller Williams Realtor)
– 2020: #1 Real Estate Team, Keller Williams Memorial
- 2019: Top Residential Realtors in Houston, Houston Business Journal
- 2019: America’s Best Real Estate Agents, RealTrends.com
- 2019: #5 Individual Agent, KW Worldwide
- 2019: #1 Individual Agent, KW Texas
- 2018: #5 Individual Agent, Keller Williams, Worldwide
- 2018: #1 Individual Agent, Keller Williams, Texas
- 2018: #1 Individual Agent, Keller Williams, Houston
- 2018: America’s Best Real Estate Agents, RealTrends.com
- 2018: Top 25 Residential Realtors in Houston, Houston Business Journal
- 2018: Texas’ Most Influential Realtors
- 2017: #1 Individual Agent, Keller Williams, Texas
- 2017: #1 Individual Agent, Keller Williams, Houston
- 2017: #10 Individual Agent, Keller Williams, Worldwide
- 2017: America’s Best Real Estate Agents, RealTrends.com
- 2017: Top 25 Residential Realtors in Houston, Houston Business Journal
- 2017: Texas’ Most Influential Realtors
- 2016: #1 Individual Agent, Keller Williams, Texas
- 2016: #1 Individual Agent, Keller Williams, Houston
- 2016: #20 Individual Agent, Keller Williams, Worldwide
- 2016: Texas’ Most Influential Realtors
- 2016: Top 25 Residential Realtors in Houston, HBJ
- 2016: Five Star Realtor, Featured in Texas Monthly
- 2016: America’s Best Real Estate Agents, RealTrends.com
- 2015: #9 Individual Agent, Keller Williams, United States
- 2015: #1 Individual Agent, Keller Williams, Texas
- 2015: #1 Individual Agent, Keller Williams, Houston
- 2015: America’s Best Real Estate Agents, RealTrends.com
- 2015: Top 25 Residential Realtors in Houston, HBJ
- 2015: Five Star Realtor, Texas Monthly Magazine
- 2014: America’s Best Real Estate Agents, RealTrends.com
- 2014: #1 Individual Agent, Keller Williams Memorial
...in addition to over 318 additional awards.
Paige also serves a variety of non-profits, and civic and community boards. She was appointed by the mayor of Houston to be on the downtown TIRZ board.
Benefits Of Working With The Houston Properties Team
Our team, composed of distinguished and competent Houston luxury realtors, has a well-defined structure based on the individual strengths of each member.
We find the team approach as the most effective way to sell homes. We have dedicated people doing staging, marketing, social media, open houses, and showings. Each Houston Properties Team member is a specialist in their role—which is why our homes sell faster and for more money than average.
The benefits of working with a team include:
- the ability to be in two or three places at one time; a member can handle showings, while another answer calls
- collective time and experience of members
- targeted advice and marketing of agent expert in your area
- competitive advantage by simply having more resources, more ideas, and more perspectives
- a “checks and balances” system; selling and buying a home in Houston is an intensely complex process
- more people addressing field calls and questions from buyers and agents to facilitate a faster, successful sale
- efficient multi-tasking; one agent takes care of inspections and repair work, while another agent focuses on administrative details
- multiple marketing channels using members’ networks
- constant attention: guaranteed focus on your home and your transaction
- lower risk for mistakes. Multiple moving parts increase oversights. A team approach handles these “parts” separately
- flexibility in negotiation and marketing
- better management of document flow
- increased foot traffic through more timely and effective showing schedule coordination; and
- increased sphere of influence and exposure to more potential buyers.
To meet all the award-winning members of the Houston Properties Team, please go here.
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