The Local Lowdown

Aurora Pisana March 21, 2025
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The Local Lowdown
 
Quick Take:
  • Median home prices in Houston remain near peak levels, with slight fluctuations due to seasonality.
  • Active listings in Houston have risen 4.2% month-over-month, giving buyers more options.
  • Homes are taking slightly longer to sell, but demand remains strong in key neighborhoods.
  • Cypress’ 77433 zip code was ranked the second most sought-after in the U.S. for home sales.
 
Strong Demand Keeps Houston Market Moving
 
Houston’s real estate market remains active despite rising mortgage rates and a growing inventory. While home price growth has slowed compared to the rapid appreciation of past years, the city’s strong job market and influx of new residents continue to support demand. Median home prices remain near record highs, with a slight dip in some neighborhoods as sellers adjust to the evolving market.
 
Cypress, in particular, has been a standout performer. The 77433 zip code was recently ranked the second most sought-after area in the U.S. for home sales, thanks to its excellent schools, growing amenities, and proximity to major employment centers. Buyers looking for new construction and master-planned communities continue to flock to Cypress, making it one of the hottest real estate markets in the Houston metro area.
 
Inventory levels in Houston have steadily increased over the past year, offering buyers more choices and reducing some of the intense competition seen in previous years. However, well-priced homes in desirable neighborhoods still receive multiple offers, especially in the $300,000–$500,000 price range.
 
While mortgage rates remain a key factor, Houston’s overall affordability compared to other major Texas cities keeps the market moving. Experts predict that as we move further into 2025, home price growth will stabilize, inventory will continue to rise, and buyers will have more negotiating power than they have in recent years.

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