The Woodlands Sales by Villages & Subdivisions
As always, we strive to keep our friends and clients informed about the housing market in our area. Using information we gathered from the Houston Association of Realtors, we are happy to share with you the information below showing recent developments in the housing market in The Woodlands area.
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The Woodlands
2023 Q1 Summary Review of Sold Properties
Q1 YoY Units Sold
Similar trend in units sold during the first quarter of 2023 compared to the first quarter of 2022.
One of the main reasons for the lower sales rate in 2023 vs. 2022 is that there is not enough inventory in “Active” status properties for sale.
| The Woodlands | 2022 | Jan | 125 |
| Feb | 156 | ||
| Mar | 191 | ||
| 2023 | Jan | 82 | |
| Feb | 92 | ||
| Mar | 126 |
Q1 YoY Median Price Sold
The median price of properties sold in the first quarter of 2023 grew more than 11.5% compared to the first quarter of 2022. This was due to demand and low supply.
| The Woodlands | 2022 | Jan | $435,000 |
| Feb | $500,000 | ||
| Mar | $500,000 | ||
| 2023 | Jan | $588,000 | |
| Feb | $463,500 | ||
| Mar | $560,000 |
Q1 YoY Total Sales
Total sales value growth is below the same period last year due to low inventory of Active Properties for sale.
| The Woodlands | 2022 | Jan | $68,751,037 |
| Feb | $100,344,121 | ||
| Mar | $121,717,879 | ||
| 2023 | Jan | $60,325,040 | |
| Feb | $57,692,726 | ||
| Mar | $83,625,222 |
Q1 YoY $/Sqft Sold
The price per square foot tends to stabilize around $200 USD . The increase over the same period last year was 5%.
| The Woodlands | 2022 | Jan | $181.58 |
| Feb | $189.19 | ||
| Mar | $199.67 | ||
| 2023 | Jan | $208.21 | |
| Feb | $194.34 | ||
| Mar | $200.50 |
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. The Grijalva Group, LLC. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. The Grijalva Group LLC. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.