Woodlands Real Estate Market Report

Real Estate Market

If you are planning to buy a new home for your family in The Woodlands, TX our guide will help you identify the current status of the real estate market in the city. The city is currently ranked as the 2nd best city to raise a family in America by Niche. The beautiful and well-developed community is one of the best places to live in the city, adding the demand for houses in the area. You can expect competitive home prices in the region, and you'll want to work with an experienced realtor to guide you with the best deals in the community.

Check out our original blog post at https://www.homesinwoodlandstx.com/.

History and Lifestyle

The city of The Woodlands Texas was founded in 1974 by developer George Mitchell. The 28,000-acre community is governed by an elected 7-member board that oversees community services and offices. Thanks to its beautiful development, the city offers excellent amenities to its residents. There are highly rated schools available to families living in the area and over 2,200 businesses employing locals in the region. The superb living standards and good economy have added to the overall value of houses in The Woodlands, making the city an excellent investment opportunity for home buyers looking at houses in the community.

Housing Market

The number of homes sold in the city since 2017 has averaged around 4,320 houses per annum. There are currently 4,220 homes for sale in town which includes a variety of residential real estate including starter homes and multi-million dollar luxury residences. The median listing price in the city is $349,000, which has gone up 3.2% since last year.

Check out our original blog post at https://www.homesinwoodlandstx.com/.

Factors Affecting The Market

The primary factors causing the excellent status of the real estate market in the city include:

• Thriving economy
• Job growth
• Low unemployment
• Stable oil prices
• Positive consumer confidence
• Corporate relocation
• Healthy selection
• Low mortgage rates

Buyer or Seller's Market?

The real estate market in the region favors home sellers, which makes property prices a little bit higher than average. Homes in the area typically priced around $900,000 generally are suitable for the homeowner. If you find a home you like in the $500,000 price range, it would be a good idea to move fast as houses in the community can get picked up quite quickly.

Check out our original blog post at https://www.homesinwoodlandstx.com/.