Real Estate Report Finds Houston Median Home Sales Prices Jumped 86% in 10 Years

Houston, Texas — A new real estate report confirms something Houstonians already knew: The city of Houston has seen a significant increase in real estate prices among U.S. cities over the past decade, with median home prices climbing as much as 86%. .

The video above is from a previous report on whether you should rent or buy a home.

The report from online real estate database PropertyShark analyzed the median sales prices of homes in 41 of the most populous U.S. cities and towns in 2014 and 2023. According to the study, the median sales price of a home in Houston in 2014 was $142,000. A decade later, the city’s median home price has nearly doubled, reaching $264,000 in 2023.

Demand for housing increased significantly due to the COVID-19 pandemic, when “millions of office workers suddenly shifted to working from home across the country” and many of the city’s attractions, restaurants and events suddenly disappeared, according to the report.

Continue reading this article from our partners ABC13 at Houston CultureMap.

SEE ALSO: In 22 states and Washington DC, buyers need a six-figure household income to afford a typical home at the median price