Quantcast

Houston Republic

Thursday, October 31, 2024

Home prices in Fort Bend County increased

Webp 12kg67mef310t12vquvwxirqmmly

Laura Richard, Clerk of Bend County | https://www.fortbendcountytx.gov/

Laura Richard, Clerk of Bend County | https://www.fortbendcountytx.gov/

The median sale price of a home sold in the first half of 2024 in Fort Bend County rose by $2,390, while total sales increased by 4.4%, according to BlockShopper.com.

From January through June of 2024, 3,602 homes were sold in the county, with a median sale price of $214,157. This is a 1.1% increase over the $211,767 median sale price during the same period in 2023, when there were 3,451 homes sold.

Based on the latest available data from 2021, the median sales tax in Fort Bend County was $4,445, which stands at 2.1% of the median home sale price for the first half of 2024.

The U.S. housing market has soared in recent years, with its total value nearing $50 trillion in 2024. This is almost five times greater than the market's value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following histogram displays changes in median sales prices in Fort Bend County from January 2023 to June 2024.

Jan. - June 2023July - Dec. 2023Jan. - June 2024$211,767$211,767$212,810$212,810$214,157$214,157

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS