Property prices for sale in Houston (Texas)
The prices in real estate in Houston, in the Texas region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Houston has fallen in the last 6 months. In March, the average price per sq.feet was $233. In the following month the price per sq.feet increased to $249. The price for the following two months in (May, June) decreased 94 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 83 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $234.25 to $193.5 during July, and August.
Based upon to the price in Houston (cities), this has fallen considerably in the last 6 months. In our first sample month during March, the average price is $611,207. In April This price remains at $595,756. During the following two months (May, June) the average price fell 90 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $571,947.75 to $427,685, which means a 75 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $372,746 they are 52 % more affordable than the average price for Houston. The properties with the highest average price have 4 bedrooms, Their price is 33 % more costly than the average. After that we have properties with 3 bedrooms priced at $356,059.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $182 / sq.feet, with an average $174 / sq.feet price in Houston. The properties with the highest average prices have 2 bedrooms. They are 15 % more expensive than the average followed by properties with 1 bedroom with a price at $197 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $372,746 it is 56 % cheaper than the average price in Houston. "Duplex" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $390,014 it is 77 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $152 / sq.feet followed by "Duplex" priced at $156 / sq.feet. "Land" is the most costly type of property with a $425,618 / sq.feet cost followed by "House" with an average price of $182 / sq.feet.
