Current Real Estate Market Trends:
Average price per square foot for Houston TX was $54, an increase of 5.9% compared to the same period last year. The median sales price for homes in Houston TX for Feb 10 to Apr 10 was $80,584 based on 340 home sales. Compared to the same period one year ago, the median home sales price increased 3.3%, or $2,584, and the number of home sales decreased 5.3%.
The average listing price for homes for sale in Houston TX was $287,268 for the week ending May 12, which represents an increase of 0.8%, or $2,172, compared to the prior week. Popular neighborhoods in Houston include Greater Heights and Great Uptown, with average listing prices of $348,017 and $646,724.
History of Houston:
The largest city in Texas and seat of Harris County, is located in the southeast part of the state near the Gulf of Mexico.
Sam Houston was the commander-in-chief of the Texas troops who fought a successful war of rebellion against Mexico, which had been in possession of Texas. On April 21, 1836, Houston’s men won a decisive victory in which the Mexican dictator, Gen. Santa Anna, was taken prisoner and forced to sign the treaty that launched the Republic of Texas. In September, a constitution was ratified, and Houston was elected president. The Texas Republic was recognized by the U.S. and by the major European powers. The present city of Houston was incorporated in 1837 and named after Sam Houston; it was the Republic’s first capital.
The port of Houston ranks high among U.S. ports in foreign tonnage handled. The city is a major business, financial, science, and technology center. Houston is outstanding in oil and natural-gas production and is the energy capital of the world. It is the home of one of the largest medical facilities in the world—the Texas Medical Center—and the focus of the aerospace industry. The Lyndon B. Johnson Space Center is the nation’s headquarters for staffed spaceflight.
Among the city’s many visitor attractions are the Museum of Fine Arts, Space Center Houston, the Houston Arboretum and Nature Center, George Ranch Historical Park, Reliant Park, and nearby San Jacinto Battlefield.