Q1 2021 Houston Real Estate Report

Property of Benson Analytics,LLC

REAL ESTATE REPORT Houston, Texas | Residential Q1 2021

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Executive Summary It’s my pleasure to present to you The Houston Real Estate Report for Q1 2021 covering residential properties in Houston, TX. After a strong Q4 2020, where closed sales were up nearly 24% year-over-year, Q1 2021 saw a 15% increase in closed sales year over year throughout Harris Co. – including all three property types (SF, TH, CO).

WELCOME READERS

Performance in Q1 2021 v 2020 across the Harris County can be summarized in the following ways: • New Listings are down -11% fewer in Q1 2021 (props: SF, TH, CO) • Total Active Listings are WAY down - 40% fewer in Q1 2021 (props: SF, TH, CO) • Competition is up & so are prices – 15% higher in Q1 2021 (props: SF Only)

Performance in Q1 2021 v 2020 across the 37 Local Market Areas tracked can be summarized in the following ways: • New Listings are down – 15/37 areas had fewer new listings than a year prior (props: SF, TH, CO) If you are a buyer, seller, investor or just • Total Active Listings are WAY down – 34/37 areas had year-over-year decreases with someone wanting to better understand the 21/37 areas having more than a 10% year-over-year decrease. (props: SF, TH, CO) local market, this report is for YOU. • Med. Prices area up, but not everywhere – 21/37 areas experienced price increases - Benson Analytics Team (props: SF Only).

SECTIONS OF THE REPORT Click Section Title To Navigate

1. Harris County Highlights

2. Market Area Comparison

3. Market Area Details

Understand the market at the macro level: Harris County. Includes period-over-period comparisons, price segment distributions as well as other historical data trends.

This section will show you how each area stacks up: 1) Top 10 Markets based on Med. Sales Price & $/SqFt per property type; 2) Presenting the Market Health Check (buyer’s, seller’s or even market).

Get a detailed breakdown of all 37 local market areas tracked with periodover-period changes included.

All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Harris County Highlights After a strong Q4 2020, where closed sales were up nearly 24% year-over-year, Q1 2021 saw a 15% increase year over year throughout Harris Co. – including all three property types (SF, TH, CO).

The largest property type for residential real estate in Harris Co., Single-Family (SF) homes, saw a year-over-year increase in closed sales by nearly 14.5%. Tightened inventory levels caused an environment of stiff competition for the best listings – resulting in price increases throughout Harris County.

Q4 2020 experienced an increase in new listings for SF homes; however, Q1 2021 fell behind pace of a year ago by 15%. To make matters worse, total active listings were down nearly 40% in Q1 2021. Consistent with the Q4 2020 report, homes are selling more quickly and for closer to the originally listed price.

Looking at TH & CO properties, both experienced more sales at higher prices; however, the cut in monthly inventory levels wasn’t as significant as seen in SF homes.

Review the property type matrix (item #1) to understand the year-over-year performance within Harris Co. as broken down by property type.

Remember, Months of Inventory = absorption rate. This figure measures how long (in terms of months) it will take for the current inventory of homes on the market to sell based on the pace of sales from the last 12 months, assuming no new homes come to the market. Before moving on, be sure to look at the data tables presented on this page in detail to better understand the Harris County market.

Though the market impacts from the events of 2020 were most felt beginning in Q2 2020, we have added a data table to compare 2021 v 2020 and 2021 v 2019 (see next page). This will be carried on for all quarterly reports for 2021. In the pages to follow, we will show how the local market areas compare in terms of price and price per square foot, broken down by property type. Additionally, you’ll learn which market was a buyer’s market, seller’s market or more of an even market.

All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 2021 v 2020 & 2021 v 2019

All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Section Introduction

Market Area Comparison

TOP 10 MARKETS

TOP 10 MARKETS

HEALTH CHECK

MEDIAN SALES PRICE

PRICE PER SQFT

INVENTORY LEVELS

When working to understand residential real estate in Houston, it’s important to break things down on a local market level. Due to limited zoning found throughout near-town Houston market, each area is unique in many ways – not just location. This is among the many reasons why we track 37 different local market areas. The next section of The Houston Real Estate Report will break down the Top 10 Market Areas by both Median Sales Price and Price Per Square Foot for Q1 2021.

Months of Inventory is one of the most important market statistics in real estate as it helps to answer one of the most frequently asked questions, “what type of market are we in?”. The next section will put each of the 37 local market areas into different buckets based on this vital health check: Seller’s Market (04.9 months), Even Market (5 – 7 months) or Buyer’s Market (7+ months).

All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Comparison

Top 10 Markets Median Sales Price

Top 10 Markets Price Per SqFt

Market Health Check Inventory Levels (SF Only) Seller’s Market

(0-5 mths)

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Even Market

(5-7 mths)

Buyer’s Market

(7+ mths)

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Market Area Details

37 LOCAL MARKET AREAS

THREE PROPERTY TYPES

FULL DETAILS

The next section will provide full details for 37 local market areas actively tracked on a monthly basis, representing the most relevant market areas to the “near town” Houston residential real estate market.

As markets can differ by both location and property type, the data is broken down by property type for further accuracy: Single-Family Homes, Townhomes and Condominiums. Keep in mind that this data doesn’t break it down by new construction v existing homes, but reach out to us if this is something you are interested in.

The data provided has been sourced from outlets deemed reliable and every effort has been made to ensure its accuracy. Properties sold outside of the public marketplace are excluded. As previously stated, this is not meant to replace a specific property analysis; however, it will provide you the real data for your market area broken down by property type.

All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Market Area Details Click Section Title To Navigate

Bellaire

Knollwood/Woodside

River Oaks Area

Braeswood Place

Medical Center Area

River Oaks Shopping Area

Briar Hollow

Memorial Close-In

Riverside

Briargrove

Memorial Park

Roydon Oaks/Afton Oaks

Cottage Grove

Memorial Villages

Spring Branch

EADO

Meyerland Area

Tanglewood Area

Galleria

Midtown

Timbergrove/Lazybrook

Garden Oaks

Montrose

University Area

Greenway Plaza

Northside Village

Upper Kirby

Heights/Greater Heights

Oak Forest East

Washington East/Sabine

Highland Village/Midlane

Oak Forest West

West U./Southside Place

Independence Heights

Rice Mil./Wash. Corridor

Willow Meadows Area

Rice/Museum District All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Bellaire Market Area *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

296

70

$880,917

$1,031,526

$/SqFt

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

$253

4.3

92.70%

$1.24/sqft

$2,700

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

4-5 Bedrooms 4.1 Baths 2 Car Garage 4,500s sqft

8,000s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Braeswood Place *Single-Family Only

Active Listings

Closed Sales

110

28

Med. Sales Avg Sales Price Price

$1,017,333

$1,032,293

$/SqFt

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

$263.33

5.6

96.17%

$1.21/sqft

$2,695

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

4-5 Bedrooms 4.1 Baths 2 Car Garage 4,500s sqft

8,000s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Briar Hollow *Condos Only

Active Listings

Closed Sales

Med. Sales Price

128

10

$1,192,917

Avg Sales Price

$/SqFt

$1,216,750 $405.67

Mths of Inventory

Closed $:Orig.

List $

(TH Only) Med. Rental/Sqft

(TH Only) Med. Rental Price

14.2

102.07%

$1.23/sqft

$3,350

Typical Home Features Mid/Hi-Rise Condos Only (Year Built: All)

2 Bedrooms

2.0 – 2.1 Baths N/A 1,800s sqft N/A Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Briargrove *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

64

19

$951,400

Avg Sales Price

$/SqFt

$1,060,394 $318.33

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

3.8

94.50%

$2.04/sqft

$5,750

Typical Home Features

Single-Family Homes Only (Year Built: 1999-)

3 Bedrooms 2.0 Baths

0-2 Car Garage 2,600s sqft 8,700s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Cottage Grove *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

139

61

$410,000

$409,655

$/SqFt

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

$179.33

2.8

96.67%

$1.22/sqft

$2,650

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

3 Bedrooms

2.1 - 3.1 Baths 2 Car Garage 2,300s sqft 2,000s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

EADO *Townhomes Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

83

19

$359,583

$365,862

$/SqFt

Mths of Inventory

Closed $:Orig.

List $

(TH Only) Med. Rental/Sqft

(TH Only) Med. Rental Price

$211.33

8.6

98.03%

$1.22/sqft

$2,225

Typical Home Features

Single-Family & Townhomes (Year Built: 2000+)

3 Bedrooms 3.1 Baths

2 Car Garage 2,100s sqft 1,800s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Galleria *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

272

37

$620,700

$685,677

$/SqFt

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

$220.33

9.1

92.93%

$1.19/sqft

$3,500

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

3-4 Bedrooms 3.1 Baths 2 Car Garage 3,500s sqft

3,200s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Garden Oaks *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

87

25

$555,333

$673,882

$/SqFt

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

$275.33

3.5

96.73%

$1.47/sqft

$2,400

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

4 Bedrooms 3.1 Baths

2 Car Garage 3,600s sqft 9,000s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Greenway Plaza *Condos Only

Active Listings

Closed Sales

127

14

Med. Sales Avg Sales Price Price

$430,842

$523,458

$/SqFt

Mths of Inventory

Closed $:Orig.

List $

(CO Only) Med. Rental/Sqft

(CO Only) Med. Rental Price

$269.67

13.0

88.83%

$1.57/sqft

$2,300

Typical Home Features Mid/Hi-Rise Condos Only (Year Built: All)

2 Bedrooms

2.0 – 2.1 Baths N/A 1,900s sqft N/A Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Greater Heights *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

905

337

$550,233

$611,595

$/SqFt

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

$269

2.6

97.23%

$1.49/sqft

$2,498

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

3 Bedrooms 3.1 Baths

2 Car Garage 2,500s sqft 3,000s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Highland Village/ Midlane

*Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

60

5

$1,581,000

Avg Sales Price $/SqFt

$1,491,000

$445

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

8.6

96.50%

$1.40/sqft

$2,850

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

4 Bedrooms 4.1 Baths

2 Car Garage 4,400s sqft 6,900s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Independence Heights *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

265

61

$305,298

$308,772

$/SqFt

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

$177.67

5.0

98.60%

$1.20/sqft

$1,498

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

3 Bedrooms 2.1 Baths

2 Car Garage 1,600s sqft 2,500s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Knollwood /Woodside *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

103

37

$400,417

$434,987

$/SqFt

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

$203

3.5

92.37%

$1.24/sqft

$2,197

Typical Home Features

Single-Family Homes Only (Year Built: 1999-)

3 Bedrooms 2.0 Baths

2 Car Garage 2,000s sqft 8,100s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Medical Center Area

*Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

135

40

$332,785

$325,667

$/SqFt

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

$160

3.4

96.73%

$1.14/sqft

$2,100

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

3 Bedrooms

2.1 – 3.1 Baths 2 Car Garage 2,000s sqft 1,600s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Memorial Close-In *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

86

8

$1,213,333

Avg Sales Price $/SqFt

$1,350,467

$261

Mths of Inventory

Closed $:Orig.

List $

(TH Only) Med. Rental/Sqft

(TH Only) Med. Rental Price

8.8

60.33%

$1.14/sqft

$1,675

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

5-6 Bedrooms

5.2 – 6.2 Baths 3 Car Garage 8,000s sqft 24,000s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Memorial Park *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

41

7

$1,648,100

Avg Sales Price $/SqFt

$2,022,534

$467

Mths of Inventory

Closed $:Orig.

List $

(TH Only) Med. Rental/Sqft

(TH Only) Med. Rental Price

6.7

94.00%

$1.34/sqft

$3,800

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

3-4 Bedrooms 3.1 Baths 2 Car Garage 3,700s sqft

2,700s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Memorial Villages *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

343

70

$1,457,500

Avg Sales Price $/SqFt

$1,586,207

$349

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

5.0

92.77%

$1.63/sqft

$4,900

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

5 Bedrooms 5.2 Baths

3 Car Garage 6,200s sqft 17,000s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Meyerland Area *Single-Family Only

Active Listings

Closed Sales

255

78

Med. Sales Avg Sales Price $/SqFt Price

$400,417

$431,773

$173

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

3.8

93.27%

$1.03/sqft

$2,300

Typical Home Features

Single-Family Homes Only (Year Built: 1999-)

3-4 Bedrooms

2.0 - 2.1 Baths 2 Car Garage 2,300s sqft 9,400s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Midtown *Townhomes Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

123

27

$327,633

$325,533

$/SqFt

Mths of Inventory

Closed $:Orig.

List $

(TH Only) Med. Rental/Sqft

(TH Only) Med. Rental Price

$173

4.7

95.77%

$1.25/sqft

$2,000

Typical Home Features Townhomes Only (Year Built: 2000+)

2-3 Bedrooms

2.1 – 3.1 Baths 2 Car Garage 1,900s sqft 1,700s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Montrose *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

311

54

$644,833

$654,562

$/SqFt

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

$262.67

5.6

95.53%

$1.39/sqft

$2,750

Typical Home Features

Single-Family Homes Only (Year Built: 1999-)

3 Bedrooms

2.0 – 2.1 Baths 0-1 Car Garage 2,300s sqft 5,300s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Northside Village *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

281

68

$312,663

$299,599

$/SqFt

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

$190.33

4.3

96.90%

$1.30/sqft

$1,600

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

3 Bedrooms 2.1 Baths

2 Car Garage 1,800s sqft 2,500s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Oak Forest East *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

235

107

$414,667

$540,005

$/SqFt

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

$271.33

2.1

96.50%

$1.42/sqft

$2,125

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

3-4 Bedrooms

2.1 – 3.1 Baths 2 Car Garage 2,800s sqft 7,000s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Oak Forest West *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

124

65

$313,725

Avg Sales Price $/SqFt

$342,420

$194

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

2.1

95.83%

$1.16/sqft

$1,925

Typical Home Features

Single-Family Homes Only (Year Built: 1999-)

3 Bedrooms 2.0 Baths

2 Car Garage 1,600s sqft 7,500s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details Rice Military- Active Washington Listings Corridor *Single-Family Only

365

Closed Sales

90

Med. Sales Avg Sales Price $/SqFt Price

$470,826

$521,813

$210

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

3.8

96.43%

$1.25/sqft

$2,800

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

3 Bedrooms 3.1 Baths

2 Car Garage 2,500s sqft 2,000s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Rice – Museum District

*Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

228

49

$917,375

Avg Sales Price $/SqFt

$1,046,048

$304

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

4.3

96.07%

$1.43/sqft

$3,500

Typical Home Features

Single-Family Homes Only (Year Built: 1999-)

3-4 Bedrooms

2.1 – 3.1 Baths 1-2 Car Garage 2,800s sqft 6,600s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

River Oaks Area *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

214

45

$2,747,750

$3,308,467

$/SqFt

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

$522

7.0

90.70%

$2.68/sqft

$12,050

Typical Home Features

Single-Family Homes Only (Year Built: 1999-)

4 Bedrooms 4.1 Baths

2 Car Garage 4,900s sqft 12,000s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

River Oaks Shopping *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

107

24

$864,167

$887,703

$/SqFt

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

$266.33

7.3

97.87%

$1.44/sqft

$2,795

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

3-4 Bedrooms 3.1 Baths 2 Car Garage 3,200s sqft

2,500s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Riverside *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

50

15

$390,967

$435,713

$/SqFt

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

$165.67

2.9

99.90%

$0.91/sqft

$1,913

Typical Home Features

Single-Family Homes Only (Year Built: 1999-)

3-4 Bedrooms

2.1 – 3.1 Baths 2 Car Garage 2,400s sqft 7,800s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Roydon Oaks-Afton Oaks *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

52

10

$1,485,583

Avg Sales Price

$/SqFt

$1,521,806 $335.67

Mths of Closed $:Orig.

Inventory List $

5.8

92.73%

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

4-5 Bedrooms

4.1 – 4.2 Baths 2 Car Garage 5,200s sqft 8,500s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

$1.16/sqft

$3,500

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Spring Branch *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

1282

303

$363,750

Avg Sales Price $/SqFt

$421,330

$190

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

3.9

96.13%

$1.15/sqft

$1,895

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

3-4 Bedrooms

2.1 – 3.1 Baths 2 Car Garage 2,100s sqft 2,200s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Tanglewood Area *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

179

25

$1,721,135

Avg Sales Price

$/SqFt

$1,902,224 $354.67

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

7.2

92.80%

$2.58/sqft

$12,200

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

4-5 Bedrooms

5.1 – 5.2 Baths 3 Car Garage 6,500s sqft 13,800s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

TimbergroveLazybrook *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

178

64

$464,714

$503,813

$/SqFt

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

$241.67

2.4

96.53%

$1.35/sqft

$2,400

Typical Home Features

Single-Family Homes Only (Year Built: 1999-)

3 Bedrooms 2.0 Baths

2 Car Garage 1,800s sqft 7,800s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

University Area *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

307

77

$223,830

Avg Sales Price $/SqFt

$245,128

$145

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

3.4

93.83%

$1.08/sqft

$1,500

Typical Home Features

Single-Family Homes Only (Year Built: 1999-)

3 Bedrooms 2.0 Baths

0-1 Car Garage 1,500s sqft 5,800s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Upper Kirby *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

63

9

$895,000

Avg Sales Price $/SqFt

$1,056,700

$267

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

7.2

94.50%

$1.54/sqft

$3,750

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

4 Bedrooms

3.1 – 4.1 Baths 2 Car Garage 4,200s sqft 3,600s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Washington East/Sabine *Single-Family Only

Active Listings

Closed Sales

73

31

Med. Sales Avg Sales Price $/SqFt Price

$437,900

$477,987

$216

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

2.6

96.87%

$1.38/sqft

$2,850

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

3 Bedrooms 3.1 Baths

2 Car Garage 2,300s sqft 1,900s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

West U – Southside Place *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

$/SqFt

205

66

$1,512,017

$1,556,160

$405

Mths of Closed $:Orig.

Inventory List $

3.0

96.53%

Typical Home Features

Single-Family Homes Only (Year Built: 2000+)

4 Bedrooms 4.1 Baths

2 Car Garage 4,300s sqft 6,200s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

$1.58/sqft

$3,000

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021 Market Area Details

Willow Meadows Area *Single-Family Only

Active Listings

Closed Sales

Med. Sales Price

Avg Sales Price

150

29

$279,333

$411,682

$/SqFt

Mths of Inventory

Closed $:Orig.

List $

(SF Only) Med. Rental/Sqft

(SF Only) Med. Rental Price

$162.67

3.9

92.50%

$1.04/sqft

$1,975

Typical Home Features

Single-Family Homes Only (Year Built: 1999-)

3-4 Bedrooms 2.0 Baths 2 Car Garage 2,100s sqft

8,800s sqft Lot Market Area List All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com

HOUSTON, TEXAS|RESIDENTIAL|Q1 2021

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RESEARCH METHODOLOGY The information within this report is the result of a compilation of information on residential real estate located in the Houston Metropolitan Area.

Properties sold outside of the public marketplace are excluded from this report and any analysis included. All information included has been sourced from outlets deemed reliable and every effort has been made to ensure its accuracy. Data used is sourced from the Texas REALTOR® Data Relevance Project, a partnership among Texas REALTOR® associations throughout the state.

Analysis provided through a research agreement with the Real Estate Center at Texas A&M University. Data is also sourced directly from HAR/MLS.

CONTACT BENSON ANALYTICS

ABOUT BENSON ANALYTICS Officially formed in 2020, Benson Analytics, LLC is solely focused on providing the consumer with accurate, reliable and relevant information. Data integrity is at the forefront and every reasonable effort is made to ensure its accuracy, although it cannot be guaranteed due to the ebbs and flows of the market.

Harris Benson E: Harris@bensonanalytics.com M: +1 713.299.3015 www.bensonanalytics.com

The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies a nd readers are encouraged to consult their professional advisors prior to acting on any of the material contained in this report. If your home is presently offered for sale, this is not a solicitation of the listing.

All Rights Reserved to Benson Analytics, LLC| harris@bensonanalytics.com | +1713.299.3015 | www.bensonanalytics.com