hot houston 'hoods
3 hottest Houston neighborhoods for 2019 predicted by real estate authority
It’s no secret that Houston is one of the hottest real estate markets in the country. And while white-hot areas such as The Heights, Crestwood, and West University are all the buzz, the Bayou City boasts myriad neighborhoods that are perfect for discerning and value-minded prospective buyers.
Just where are these hot spots? For its Hottest Neighborhoods of 2019 list, real estate website Redfin featured three neighborhoods each in many of the largest metro areas in the U.S., compiled with Redfin user data and agent insights from November 2018.
The neighborhoods below are poised to become “some of the most desirable places in the country in the coming year,” according to Redfin. The site measured metrics such as median sale price in the area compared to metro median, number of days on market, and percent that sold above list price.
In Houston, Redfin spotlighted MacGregor, South Acres-Crestmont Park, and Second Ward as the hottest in the city. In MacGregor, the median price of a home is $310,000, compared to a Houston average of $235,000. Homes here are on the market an average of 64 days; 10.3 percent sold above list price.
Buyers in South Acres-Crestmont Park find one of the best values in the city, with homes averaging a mere $150,000 and (not surprisingly) lasting on the market just 22 days. In South-Acres-Crestmont, an impressive 22.4 percent sold above list price.
Meanwhile, homes in Second Ward sell for $299,900 and are on the market for 59 days. Here, 16 percent of homes sold above list price.
The nation's overall hottest neighborhoods are mostly located in coastal cities, with Bridle Trails outside of Seattle; Merriewood in Oakland, California; and Mission Terrace in San Francisco taking the top three spots.