Real estate report

Here's how much Houston home prices have jumped in just 5 years

Home prices in Houston are going up, but not as fast as other North American markets.

Photo courtesy of SWRE Real Estate Services

Houston is one of the most buyer-friendly housing markets in the country, but that doesn't mean home prices are stagnant. In fact, local home prices have seen a double-digit increase in recent years, according to a new report.

Real estate news site Point2 Homes reports that from December 2013 to December 2018, Houston's median home price increased from $188,500 to $240,000, a 27 percent jump that equates to an additional cost of $51,500. And while that may seem steep, Houston actually had the third lowest home price growth of the Texas metros studied and 16th lowest in North America.

Neighboring Fort Worth outpaced the rest of the state and was one of 18 North American cities with a price jump over 50 percent (in all, 83 metros were reviewed). The median home price in Cowtown grew 52 percent, from $148,000 in December 2013 to $225,000 in December 2018, a $77,000 jump.

By comparison, other Texas metros saw relatively modest growth. Austin had a 33 percent jump ($226,000 to $301,391), and San Antonio saw a 32 percent increase ($171,400 to $226,200). Dallas had the second lowest home price growth among the Texas cities studied, with a median home price increase of 24 percent ($229,900 to $285,000). At 12 percent, El Paso had the lowest median home price growth in the state (from $137,650 to $154,000).

"Compared to just five years ago, 40 cities in the U.S., 31 in Mexico, and 10 in Canada have seen significant home price hikes, putting considerable strain on the average homebuyer. With more and more people opting for a connected, urban lifestyle, and with the younger generation’s desire to reduce commute time, demand for urban housing is skyrocketing," the report says.

Detroit topped the North America list with a surprising 97 percent increase in home price but a net increase of only $30,143. San Francisco, however, saw the highest net increase: a staggering $550,000 price increase in just five years.

home-for-sale lists rankings reports texas trends

spacious sandalwood retreat

England-inspired lakeside Houston mansion hits market for $7.75 million

Photo by Aria Media for Martha Turner Sotheby's International Realty

This secluded, wooded estate is for sale for $7.75 million.

On the shores of Sandalwood’s largest lake is a stunning wooded estate. 50 Patti Lynn Lane, tucked between Briar Forest Drive and Memorial Drive, offers luxury living in tranquil seclusion. It’s on the market for $7.75 million and listed by Inga Laughlin Smith with Martha Turner Sotheby's International Realty.

A rare find, this 9,000-square-foot home offers five bedrooms, five full and four partial bathrooms, exquisite details, and striking craftsmanship. Designed by Rice Residential Design, with interiors by Scene One Interiors and built by Corbel Custom Homes, this home is a remarkable example of how modern living blends with the natural setting.

Echoing an English manor, this home unfolds in its wooded surroundings. Come through the French chateau front doors into a sweeping grand foyer with hardwood floors and a wrought-iron staircase. A study features custom millwork, soaring views, and a club-like feel. The bar’s detailing lends an air of sophistication to this easy gathering space. The climate-controlled wine room has storage for 1,500 bottles. A lovely grand gallery links the wine room and dining room.

The kitchen is at the crossroads of the home, anchored by an oversized island, perfect for casual conversation and quick meals. Professional-grade appliances make it a home cook’s dream, while custom cabinetry and elegant architectural details demonstrate its blend of form and function.

On the main level is the primary suite, with a spa bathroom and a dressing room that mirrors a luxury boutique. Upstairs, a secondary suite has a window seat, custom built-ins, and an en-suite bath. Additional bedrooms are spacious retreats, and the game room has plenty of space to relax and enjoy treetop views. Currently, a secondary bedroom serves as an in-home fitness studio.

The resort-style grounds feature an infinity pool and spa. The back patio has a stone fireplace, outdoor kitchen, dining area, and lounging spot, making it a retreat all of its own. Steps lead down to gorgeously manicured grounds with mature trees and meandering paths to the lake.

This home should prove irresistible to a wealthy family seeking an exceptional blend of modern living with the feel of a private oasis.

Photo by Aria Media for Martha Turner Sotheby's International Realty

This secluded, wooded estate is for sale for $7.75 million.

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