By the Numbers
All 10 of the most expensive homes sold in greater Houston last month were located within Houston proper.
PMI — which protects lenders on mortgage loans where the down payment is less than 20% and as low as 3% — allowed Texas buyers to save an average of $51,645 at closing in 2025.
Looking ahead, Cotality expects the median price of a home to increase 1.5% through June 2027.
Approximately 64% of households in the state are cost-prohibited from owning a median-priced home — that equates to about 7 million families, researchers said.
Given the median home price of $345,200 — down 1.2% year over year — and the average 30-year mortgage rate of 6.41% — down from 6.79% a year prior — the typical monthly mortgage payment was $2,550.
With strong sales in nine Houston-area communities, the metro ranked as the top-performing area in the country.
Texas’ most expensive new listing is a nearly $24 million estate in the Dallas suburb of Westlake.
Leading the charge in the second quarter of the year was the Magnolia/1488 West area in the northwest of the Houston metro.
The seasonally adjusted annual rate of 628,000 homes topped Wall Street’s estimates.
Given Texas’ average home size, buyers in the state pay an average price per square foot of $210.
The ZIP code with the biggest year-over-year increase in home sales last quarter was 77461 — the Needville area in Fort Bend County.
The triennial survey of 2,000 American residents from the 50 largest metropolitan areas, the National Association of REALTORS® Community and Transportation Preference Survey, found buyers and residents prefer more housing options and communities designed for easy access.
Nationally, home sales in the 51 metro areas surveyed by REMAX showed measured growth of 8.9% month over month and 7.8% year over year, REMAX said.
A brand new home in Bunker Hill Village tops the June ranking of the 10 most expensive homes sold in greater Houston.
The annual and monthly declines of 0.3% and 5.4%, respectively, do not fully capture the geographic variability of market performance.
The median sales price of a home hit an all-time high of $440,600.