Single homebuyers need an extra 10 years to save for homeownership compared to couples in a majority of Texas’ largest cities, according to a report from Point2Homes.

The median existing-home price for all housing types was $379,100, up 5.1% from $360,800 a year before.       

Homes in the luxurious River Oaks neighborhood make up many of the most expensive greater Houston home sales from January.

The most affordable neighborhood in the Houston area is Kingwood (77345), where the median home costs 2.69 times the median annual salary.

Single-family home sales prices increased in 189 out of 221 metro areas analyzed, with the median single-family price in the country rising 3.5% year over year to $391,700.

Pending home sales rose 8.3% month over month, the National Association of REALTORS® said, marking the largest monthly jump since 2020. 

Agents from Allie Beth Allman & Associates are responsible for three of the top 10 most expensive new listings in Dallas this past month.

Declining interest rates spurred the increase. 

At the same time, the median sales price rose 4.4% to $382,600. 

The NAHB/Wells Fargo Housing Market Index (HMI) rose seven points to 44, its second monthly increase in a row. 

The priciest Houston home sold in December was a nearly $12 million mansion in River Oaks Country Club Estates.

CoreLogic expects prices to continue to grow through the year.

The most expensive new listing in the Lone Star State carries a price tag of nearly $50 million.

Agents from COMPASS were responsible for listing and selling many of the most expensive properties in greater Houston last month.

These are the most expensive new listings in Texas, all added to the MLS in the past month.

The average American spends roughly $1,700 on their monthly rent, according to a new report from RentCafe.