Hi sweet friend, How are you doing today? The sun is shining in my neck of the woods, and the house is full of what I would call the smell of a birthday dinner, even though it isn't my birthday. My husband is cooking me a childhood favorite, aka a two-hour dinner, and I am filled with love. So I am passing the time, not just glancing and smiling in his direction, but sharing some information on my heart with y'all.
I know many are on the fence trying to decide if right now is a “good time to buy a house” or invest in real estate, so I wanted to share some numbers with you. Since Texas is a non-disclosure state, I cannot share addresses linked to exact sales data with you unless you are my personal client. Instead, I will change the address names of real houses to illustrate the financial story of ten homes sold multiple times between 2023 and 2024.
Historical Sales Data for Ten Homes in The Woodlands, Texas
| East Silkocean Drive – Alden Bridge | $209,000 in 2003 (Interest rates 5-7%) |
| $380,000 in 2017 (Interest rates in the 4%) | |
| $502,640 in 2023 (Interest rates in the 6%) | |
| May Wind Valley – Alden Bridge | $296,000 in 2007 (Interest rates 4.9-8.25%) |
| $327,000 in 2018 (Interest rates in the low 4%) | |
| $615,000 in 2024 (Interest rates in the 6%) | |
| Lightening Hill Street – Creekside Park | $672,000 in 2019 (Interest rates in the high 3%) |
| $730,000 in 2021 (Interest rates 2.65-2.96%) | |
| $915,000 in 2023 (Interest rates in the 6%) | |
| $1,225,000 in 2024 (Interest rates in the 6%) | |
| Dell Picnic Place – East Shore | $689,700 in 2018 (Interest rates in the high 4%) |
| $705,000 in 2021 (Interest rates 2.65-2.96%) | |
| $810,000 in 2023 (Interest rates in the 6%) | |
| Row the Boat – East Shore | $587,500 in 2014 (Interest rates in the low 4%) |
| $650,000 in 2016 (Interest rates 3.5-3.75%) | |
| $728,000 in 2021 (Interest rates 2.65-2.96%) | |
| Northern Seaside – East Shore | $560,283 in 2011 (Interest rates in the high 4%) |
| $815,000 in 2020 (Interest rates 2.68-3.38%) | |
| $1,018,000 in 2022 (Interest rates in the 5%) | |
| $1,398,000 in 2024 | |
| Law Yellow Drive – Alden Bridge | $252,000 in 2009 (Interest rates in the 5%) |
| $268,500 in 2010 (Interest rates 3.9-4.1%) | |
| $340,000 in 2014 (Interest rates in the low 4%) | |
| $504,000 in 2023 (Interest rates in the 6%) | |
| Pretty in Pink – Alden Bridge | $285,000 in 2011 (Interest rates 4.75-5%) |
| $340,000 in 2016 (Interest rates 3.5-3.75%) | |
| $665,000 in 2023 (Interest rates in the 6%) | |
| Eve's Garden – Alden Bridge | $185,000 in 2006 (Interest rates 6-7%) |
| $336,900 in 2018 (Interest rates 4-5%) | |
| $355,000 in 2018 (Interest rates 4-5%) | |
| $679,000 in 2023 (Interest rates in the 6%) | |
| Flowers Cove – Alden Bridge | $217,000 in 2005 (Interest rates 6-7%) |
| $310,000 in 2014 (Interest rates in the 4%) | |
| $535,000 in 2023 (Interest rates in the 6%) |
History of Interest Rates in the United States
Please keep in mind, if you would like any documents supporting this or similar data, all you have to do is reach out to me.
There are 219 homes for sale right now. In May, June, and July of 2024, 444 homes sold in The Woodlands. In 2023, 454 homes sold in The Woodlands. With 518 homes selling during this time frame in 2022. In 2021, 799 homes sold during this time frame.
While in comparison to the height of 2021, the real estate market has remained pretty stable over the last 3 summers.
I also want to share some other information on why I still think right now is a great time to buy.
Why right now might be the right time to buy a home…
- The summer market has just ended, meaning the sales will start to slow down, allowing more negotiation room for homes that aren't newly listed.
- New construction builders are offering huge incentives and discounts in neighboring neighborhoods and cities.
- Most sellers and builders are willing to cover a temporary or permanent interest rate buydown.
- New homes are hitting the market every day, so there are plenty of options.
- Historically, The Woodlands real estate market has seen high-yield returns.
Is now a good time to buy in The Woodlands?
So, in my professional opinion, yes, I think right now is a great time to buy, but of course, it is dependent upon your circumstances. I also think new construction is the best buy right now, but there are plenty of fantastic opportunities as well.
Thank You!
I hope you have found this blog post super helpful. At Jo & Co., our goal isn't just to be your realtor, but your resource. When you are ready, we would be honored to assist you.
Cheers, Jordan Marie & Edward
Who We Are?
A husband and wife real estate team in the Greater Houston Suburbs. We specialize in all things real estate. We love helping families, couples, and individuals relocate, buy, and sell. We have nine years of experience, and what matters to you, matters to us. We pride ourselves on being knowledgeable, honest, patient, and reliable.
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