For the third quarter in a row, Waller is the hottest housing market in the greater Houston area, according to the quarterly report from the Houston Association of REALTORS®.
Home sales jumped 94.6% year over year in the suburb, with 179 closings during the third quarter. Over 80% of those sales were new construction.
Affordability is the main driver behind that growth: Waller’s average home price of $335,255 was down 13% annually and was well below the area average of $421,655, HAR said.
Notably, a total of eight communities in the association’s top 10 had average home prices below that area average. The most affordable was No. 2 Crosby, where transactions jumped 91.3% year over year with an average sales price of just $270,878.
“Affordability remains a major motivator for homebuyers,” said HAR Chair Shae Cottar. “Every corner of our region is seeing steady demand. We’re noticing particularly strong momentum in communities where builders are expanding inventory and where price points align with what today’s buyers can afford.”
Here’s HAR’s full ranking:
