Houston homebuyers have a wide variety of neighborhoods to choose from, with factors such as proximity to job hubs, quality of school districts, and options for entertainment, culture, and shopping topping buyers’ wishlists. Two recent reports by Redfin — 2017’s Most Competitive Neighborhood for Homebuyers and Hottest Neighborhoods of 2018 could give buyers some insight into which Houston neighborhoods buyers are favoring.
The 2017 housing market was the most competitive it’s been since 2013, according to Redfin. Over half of all offers by Redfin agents had competition, and homes spent a median of 45 days on the market — six less than in 2016.
Houston’s three most competitive neighborhoods were South Point Estates, Brittany Bay, and Meadow Bend.
|City||2017 Median Sales Price||Average Sale-to-List Ratio||Homes Sold||Percent Sold Above Asking||Median Days on Market||
2017 Price Growth
|South Point Estates||$147,500||1||16||43.80%||6||12.60%|
Redfin also predicted three neighborhoods in several major metros across the country to sell big in 2018. The three neighborhoods predicted for Houston are Lawndale-Wayside, Sea Isle, and El Lago. See information on these three neighborhoods in the chart below.
|Neighborhood||Median Sale Price (Dec. 2017)||Average Sale-to-List Price Ratio||Percent of Homes Sold Above List Price||
Median Days on Market