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Selling a home in a flood zone can seem challenging, but for decades, doing so is definitely possible if you have the right strategy - just like any other home sellers out there.&nbsp;If you're looking to sell your home fast in Houston, especially in a flood zone, there are a few important things you should keep in mind.<h2>Flood Zone Real Estate in Houston: Is it a total bad thing? </h2>Before you do anything, you need to understand the impact of being in a flood zone.&nbsp;Flood zone real estate in Houston comes with specific considerations for both buyers and sellers.<figure id="figure-kw8vvslpq9m0xt0w5c"><img id="kw8vvslpq9m0xt0w5c" src="https://media.gettyimages.com/id/1878179074/photo/flood-in-s%C3%A3o-paulo.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=v9_5bIbRiY4mTDNPi7Ae6c8jZ_JIwuEQiMywmylQjPE=" alt="Flood in São Paulo" title="Flood in São Paulo" class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/1878179074/photo/flood-in-s%C3%A3o-paulo.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=v9_5bIbRiY4mTDNPi7Ae6c8jZ_JIwuEQiMywmylQjPE=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure> For example, homes in flood zones may require special insurance, which can affect a buyer’s decision. Flood insurance can add to the cost of owning the home, and buyers might hesitate if they think future floods could cause damage.Yeah, that sounds like a bad thing but&nbsp;<a data-mce-href="https://terradigitalrealty.com/blog/understanding-the-texas-real-estate-market" href="https://terradigitalrealty.com/blog/understanding-the-texas-real-estate-market">Houston's real estate market</a> remains strong, and homes in flood zones still sell when marketed correctly. In fact, recent data shows that homes in flood-prone areas of Houston can still sell, although they may take a bit longer to find the right buyer. With that, here's how you can speed up the process.<h2>Home Selling Tips for Houston Flood Zones</h2>Highlight Flood Protection Measures: If you've made any upgrades to protect your home from flooding—such as installing a sump pump, elevating utilities, or adding flood barriers—be sure to mention these in your listing. Buyers will feel more comfortable knowing the home has safeguards in place. Offer Flood Insurance Information: Providing potential buyers with information about flood insurance, including average costs in your area, can make the buying process easier for them. You can even help by suggesting local insurance providers familiar with Houston’s flood zones. <figure id="figure-sm78v3q5xlm0xt1sqm"><img id="sm78v3q5xlm0xt1sqm" src="https://media.gettyimages.com/id/1961395797/photo/umbrella-icon-and-family-model-security-protection-and-health-insurance-the-concept-of-family.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=MciFkUuYqPOUyr_l-sn7ZNzBaj71Lh_pUsye-m8HUNo=" alt="Umbrella icon and family model, Security protection and health insurance. The concept of family home, protection, health care day, car insurance." title="Umbrella icon and family model, Security protection and health insurance. The concept of family home, protection, health care day, car insurance." class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/1961395797/photo/umbrella-icon-and-family-model-security-protection-and-health-insurance-the-concept-of-family.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=MciFkUuYqPOUyr_l-sn7ZNzBaj71Lh_pUsye-m8HUNo=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure>Work with a Real Estate Agent Experienced in Flood Zone Sales: A <a data-mce-href="https://terradigitalrealty.com/" href="https://terradigitalrealty.com/">local agent</a> who understands the Houston market and has experience selling homes in flood-prone areas can be a big help. They can offer valuable insights and help you target the right buyers.<figure id="figure-3iv4whrk3mm0xt01js"><img id="3iv4whrk3mm0xt01js" src="https://cdn.durable.co/blocks/33wtVXfgrWhiBoG1EGswaUdl3IsqpPB6tUKKUI8BLTr2Kl9zW0nYA944gWcMTxDo.png" alt="kitchen house area" title="kitchen house area" class="object-cover bg-gray-100 rounded-lg md:rounded-xl lg:rounded-2xl" style="aspect-ratio: 16/9; object-position: 0% 50%;" data-corners="medium" data-aspect="16:9" data-caption="" data-positionx="0%" data-positiony="50%" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/33wtVXfgrWhiBoG1EGswaUdl3IsqpPB6tUKKUI8BLTr2Kl9zW0nYA944gWcMTxDo.png" data-mce-style="aspect-ratio: 16/9; object-position: 0% 50%;"></figure> For example, check out this <a data-mce-href="https://terradigitalrealty.com/blog/easy-home-selling-streamline-with-terra-digital-realty" href="https://terradigitalrealty.com/blog/easy-home-selling-streamline-with-terra-digital-realty">article</a> on working with real estate agents, which explains how their expertise can save you time and stress. <h2>Be Transparent About Flooding History </h2>Being honest goes a long way.&nbsp;Buyers will appreciate honesty, and many will still consider your property if they feel prepared for potential risks. Also, Texas law requires sellers to disclose any past flooding, so be upfront in your listing and when speaking with potential buyers. Providing documentation of repairs made after floods can also help build trust.<figure id="figure-im2ud1wrdm0xt2hp0"><img id="im2ud1wrdm0xt2hp0" src="https://media.gettyimages.com/id/1728170360/photo/the-statue-of-justice-legal-law-concept-image.jpg?b=1&s=2048x2048&w=0&k=20&c=2jCzKfxDsC2cqNrjEqqj8P-VICw3zCcs6qhb-qL2dnk=" alt="The Statue of justice, legal law concept image" title="The Statue of justice, legal law concept image" class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionX="undefined" data-positionY="undefined" data-fullWidth="false"/></figure> <h2>Conclusion </h2>While selling a home in a flood zone may seem tricky, it’s far from impossible. Just follow these strategies and you'll be on you way to success soon!For more tips on selling homes in unique situations, check out this <a data-mce-href="https://terradigitalrealty.com/blog/eco-friendly-upgrades-that-can-boost-your-home-s-value-before-selling" href="https://terradigitalrealty.com/blog/eco-friendly-upgrades-that-can-boost-your-home-s-value-before-selling">blog</a> about home upgrades that add value to your property and make it stand out to potential buyers.&nbsp;

Selling a Flood-Prone Home in Houston

Land plot management - real estate concept with a vacant land on a green field available for building construction and housing subdivision in a residential area for sale.

Selling a home with land in Houston is indeed a unique experience, hence, it requires a different approach than selling a standard house.&nbsp;<figure id="figure-qlubujbkmjm0xs8ejk"><img id="qlubujbkmjm0xs8ejk" src="https://media.gettyimages.com/id/1324257674/photo/land-plot-in-aerial-view.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=4w-ZRV0ElV_6n-bE56EuwLrWHbpLysNeYhBWMctoZsw=" alt="Land plot in aerial view." title="Land plot in aerial view." class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/1324257674/photo/land-plot-in-aerial-view.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=4w-ZRV0ElV_6n-bE56EuwLrWHbpLysNeYhBWMctoZsw=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure>Now, we can all agree that Houston’s real estate market is booming, with plenty of demand for properties that offer extra acreage. So, whether you own a small lot or a larger piece of land, you need to understand how to market and price your property - and this blog post will help you do just that!<h2>Understand the value of your land </h2>The value of a home with land in Houston can vary greatly depending on several factors like location, land size, and the potential development in the future.&nbsp;<figure id="figure-mbn9sqg4x6m0xs930l"><img id="mbn9sqg4x6m0xs930l" src="https://media.gettyimages.com/id/1338567665/photo/land-or-landscape-of-green-field-in-aerial-view-and-home-or-house-icon.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=ffRZCQVNUWoMeT7owyimOIuzYyo_0MX_uXP6EJFj9ZQ=" alt="Land or landscape of green field in aerial view and home or house icon." title="Land or landscape of green field in aerial view and home or house icon." class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/1338567665/photo/land-or-landscape-of-green-field-in-aerial-view-and-home-or-house-icon.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=ffRZCQVNUWoMeT7owyimOIuzYyo_0MX_uXP6EJFj9ZQ=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure>Here are some things you need to consider:<ul><li>Location: Land closer to downtown Houston or in desirable neighborhoods can fetch a higher price than land in suburban or rural areas.</li><li>Zoning: Land can be zoned for residential, commercial, agricultural, or mixed use, which directly affects its value and who might be interested in buying it. You can read more about Houston zoning <a data-mce-href="https://terradigitalrealty.com/blog/houston-zoning-laws-affect-your-home-sale" href="https://terradigitalrealty.com/blog/houston-zoning-laws-affect-your-home-sale">here</a>.&nbsp;</li><li>Size of the land: Obviously, larger lots can sell for higher prices, but the use of it will always play a role. For example, land that can be subdivided into multiple plots can attract developers.</li></ul><h3>Example of Houston land value:</h3><table style="border-collapse: collapse; width: 100%;" border="1" data-mce-style="border-collapse: collapse; width: 100%;"><tbody><tr><td style="width: 50%;" data-mce-style="width: 50%;">Area</td><td style="width: 50%;" data-mce-style="width: 50%;">Approximate land value (per square foot)</td></tr><tr><td style="width: 50%;" data-mce-style="width: 50%;">Downtown Houston</td><td style="width: 50%;" data-mce-style="width: 50%;">$300 - $1,000</td></tr><tr><td style="width: 50%;" data-mce-style="width: 50%;">Suburban Areas</td><td style="width: 50%;" data-mce-style="width: 50%;">$200 - $600</td></tr><tr><td style="width: 50%;" data-mce-style="width: 50%;">Rural Areas</td><td style="width: 50%;" data-mce-style="width: 50%;">$150 - $700</td></tr></tbody></table><h2>Highlight the benefits of your land </h2><figure id="figure-slf15ymppfm0xs9qfk"><img id="slf15ymppfm0xs9qfk" src="https://media.gettyimages.com/id/1319068443/photo/land-plot-in-aerial-view-for-development-or-investment.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=bDtb8sjOp-dLFiUTeij9XiGH64A1PgbSJzImzZXjuoU=" alt="Land plot in aerial view for development or investment." title="Land plot in aerial view for development or investment." class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/1319068443/photo/land-plot-in-aerial-view-for-development-or-investment.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=bDtb8sjOp-dLFiUTeij9XiGH64A1PgbSJzImzZXjuoU=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure>When marketing your home, you’ll want to emphasize the benefits of owning a property with land. Some key selling points include:Privacy and Space: Many buyers value having extra space and privacy, especially in a large city like Houston where smaller lots are more common. Potential for Development: If the land can be subdivided or developed, this can attract developers or investors. Versatility: Highlight any unique features of the land such as gardens, barns, or even the potential for farming. The more uses a buyer can see for the land, the more attractive the property becomes. <h2>Research Houston's Real Estate Market </h2><figure id="figure-1iz0dlr1bgm0xsaf97"><img id="1iz0dlr1bgm0xsaf97" src="https://media.gettyimages.com/id/1476126519/photo/land-plot-management-real-estate-concept-with-a-vacant-land-on-a-green-field-available-for.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=eQrB9FFaqF1x6f4xYPWR8mlkrFSEoT1Kth7tNwi9yqs=" alt="Land plot management - real estate concept with a vacant land on a green field available for building construction and housing subdivision in a residential area for sale." title="Land plot management - real estate concept with a vacant land on a green field available for building construction and housing subdivision in a residential area for sale." class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/1476126519/photo/land-plot-management-real-estate-concept-with-a-vacant-land-on-a-green-field-available-for.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=eQrB9FFaqF1x6f4xYPWR8mlkrFSEoT1Kth7tNwi9yqs=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure>Houston is one of the fastest-growing cities in the U.S., and demand for land is on the rise. Here are some key trends to consider:Houston's home prices have increased by about 7% over the last year, while land values have also seen a jump. The average home in Houston sells for around $400,000, but properties with land can command higher prices depending on their location and potential use. As more people move to Houston, the demand for larger homes and properties is growing, especially in suburban areas where space is more affordable. <h2>Prepare your property for Sale </h2>Selling a home with land involves preparing both the house and the land to appeal to potential buyers. Here are some steps you can take:Ensure the house is in good condition by fixing any visible problems. This includes both the home and any structures on the land, such as sheds, barns, or fences. Clear any debris, mow the grass, and make the property look well-maintained. This creates a good first impression and makes it easier for buyers to imagine how they could use the space. Have clear documentation of the property’s boundaries, <a data-mce-href="https://terradigitalrealty.com/blog/houston-zoning-laws-affect-your-home-sale" href="https://terradigitalrealty.com/blog/houston-zoning-laws-affect-your-home-sale">zoning details</a>, and any restrictions on the land. Buyers will want to know what they can and cannot do with the land before purchasing.<ul><li>Compare Recent Sales: Look at homes with similar amounts of land that have sold recently in your area. This will give you a better idea of what buyers are willing to pay. </li><li>Work with a Realtor: A real estate agent who specializes in homes with land can help you determine a fair price based on the current market.</li></ul><h2>Final Thoughts</h2>Selling a home with land in Houston requires a bit of extra effort, but the rewards can be well worth it. After all, that's money on your hands - right?More so, don’t hesitate to reach out to a realtor with experience in land sales to guide you through the process. Whether you're targeting developers or families looking for extra space, there's a buyer out there who’s ready to make your property their next big investment.

Selling a Home with Land in Houston: What to Know

Southern style American mansion along Bellaire Drive, New Orleans

Welcome to another news update that concerns areas in Houston for home sellers. In this blog post, we'll talk about the proposed rental restrictions in Bellaire - despite concerns from homeowners.&nbsp;Let's start.&nbsp;<h2>Where is Bellaire?</h2>Bellaire is a city within the Houston area. Being in the midst of a heated debate about the proposed rental restrictions, it can truly change the way homeowners sell their homes.&nbsp;<figure id="figure-c2jdccch8ujm0vx83ap"><img id="c2jdccch8ujm0vx83ap" src="https://media.gettyimages.com/id/953506234/photo/row-of-houses-on-suburban-street.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=oTp5zSm4jXKtMyINNKDwwwMAK9XSaftPn7zoTKre2sI=" alt="Row of houses on suburban street" title="Row of houses on suburban street" class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/953506234/photo/row-of-houses-on-suburban-street.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=oTp5zSm4jXKtMyINNKDwwwMAK9XSaftPn7zoTKre2sI=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure>The proposed rental restrictions is where city council&nbsp;is considering a new rule that would limit the number of homes that can be rented out in the area. For some homeowners, this proposal has raised concerns about how it might affect their ability to <a data-mce-href="https://terradigitalrealty.com/" href="https://terradigitalrealty.com/">sell their home fast in Houston</a>, particularly in Bellaire.<h2>Why there's a proposal in the first place? </h2>A lot of people who support the rental restrictions believe that limiting rentals will help them preserve the character of Bellaire.&nbsp;They argue that more rental homes could lead to higher turnover rates, less community involvement, and potentially a drop in home values.<figure id="figure-i0ynn29sepm0vxa7v0"><img id="i0ynn29sepm0vxa7v0" src="https://media.gettyimages.com/id/1460658777/photo/for-rent-sign-in-front-of-house.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=_t9vga32elqlz5ixsPdMHkdrgJd0CII8V-hbEvkeYbA=" alt="For rent sign in front of house" title="For rent sign in front of house" class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/1460658777/photo/for-rent-sign-in-front-of-house.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=_t9vga32elqlz5ixsPdMHkdrgJd0CII8V-hbEvkeYbA=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure>Proponents point to other neighborhoods that have implemented similar rules, claiming it led to more stable property values. For instance, a study showed that neighborhoods with fewer rental properties saw a <a data-mce-href="https://ihlanfeldt.com/wp-content/uploads/2019/07/Not-In-My-Neighborhood-The-Effects-of-Residential-Rentals-on-Single-Family-Home-Values.pdf" href="https://ihlanfeldt.com/wp-content/uploads/2019/07/Not-In-My-Neighborhood-The-Effects-of-Residential-Rentals-on-Single-Family-Home-Values.pdf">5-10% increase in home</a> values over time compared to those with a higher number of rentals.Doesn't sound that bad, huh?<h2>Concerns from Homeowners </h2>Not everyone is on board with these changes. Some homeowners are concerned that the proposed restrictions could limit their options if they decide to sell their home fast in Houston. Many believe that rental properties add flexibility to the housing market, offering more options for potential buyers or investors. According to recent statistics, roughly 20-25% of homes sold in Houston last year went to investors, many of whom turn these properties into rentals. Removing investors from the equation could slow down the <a data-mce-href="https://www.soldnest.com/blog/home-selling-process/" href="https://www.soldnest.com/blog/home-selling-process/">home-selling process</a> for some, as the pool of potential buyers would shrink.<h2>The Bigger Picture </h2>The debate also highlights a broader challenge in <a data-mce-href="https://terradigitalrealty.com/blog/why-now-is-the-perfect-time-to-sell-in-the-houston-real-estate-market" href="https://terradigitalrealty.com/blog/why-now-is-the-perfect-time-to-sell-in-the-houston-real-estate-market">Houston's real estate market</a>. Houston has seen an increase in demand for both rentals and homes for sale.&nbsp;<figure id="figure-ldwn37szfim0vxbuk0"><img id="ldwn37szfim0vxbuk0" src="https://media.gettyimages.com/id/1279224866/photo/houses-in-edmonton-alberta-canada-glenora.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=GT3R3N267OGkxM795w4D6YaJoyFQrjThZw-4XSCXKVo=" alt="Houses in Edmonton Alberta Canada Glenora" title="Houses in Edmonton Alberta Canada Glenora" class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/1279224866/photo/houses-in-edmonton-alberta-canada-glenora.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=GT3R3N267OGkxM795w4D6YaJoyFQrjThZw-4XSCXKVo=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure>Data shows that the average home price in Bellaire has risen by around 7% over the past year, while rents have increased by nearly 10%. These rising prices make it difficult for some families to buy, making rental properties an attractive option for many newcomers.<h2>What’s Next?</h2>The Bellaire City Council has not made a final decision yet. They are listening to feedback from the community and will continue discussing the proposed rental restrictions in upcoming meetings. Homeowners who want to sell their homes fast in Houston will be watching closely to see how these changes might affect them.<figure id="figure-a28tbsh0ltm0vxdcia"><img id="a28tbsh0ltm0vxdcia" src="https://cdn.durable.co/blocks/33wtVXfgrWhiBoG1EGswaUdl3IsqpPB6tUKKUI8BLTr2Kl9zW0nYA944gWcMTxDo.png" alt="red blocks on brown wooden table" title="red blocks on brown wooden table" class="object-cover bg-gray-100 rounded-lg md:rounded-xl lg:rounded-2xl" style="aspect-ratio: 16/9; object-position: 0% 50%;" data-corners="medium" data-aspect="16:9" data-caption="" data-positionX="0%" data-positionY="50%" data-fullWidth="false"/></figure>The debate is far from over, and it will be interesting to see how the community balances preserving Bellaire’s charm while keeping the housing market flexible for homeowners. Whether the proposal passes or not, it’s clear that both sides are passionate about the future of this neighborhood.

Proposed Rental Restrictions in Bellaire | News

Celebration, excited and couple with sold sign, new home and future property investment together. Love, mortgage and real estate, man and happy woman in garden at house with smile in neighborhood

The Houston housing market continues to march forward, even with some challenges in the mix. But don't worry, this is totally normal.&nbsp;If you’re looking to sell your home fast in Houston, or just curious about the latest trends, August brought some interesting stats. Here’s the lowdown on home sales in Houston for August 2024.<h2>Sales are up, but only a little </h2><figure id="figure-nlkw7utlwm0vsvujc"><img id="nlkw7utlwm0vsvujc" src="https://media.gettyimages.com/id/1472458060/photo/white-arrow-up-with-blue-stair-on-blue-floor-background-3d-arrow-climbing-up-over-a-staircase.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=CVyhWGTWLsckBe04IO7mTRxoA-ZbBthjBQoqrA1w9NY=" alt="White arrow up with blue stair on blue floor background, 3D arrow climbing up over a staircase , 3d stairs with arrow going upward, 3d rendering" title="White arrow up with blue stair on blue floor background, 3D arrow climbing up over a staircase , 3d stairs with arrow going upward, 3d rendering" class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/1472458060/photo/white-arrow-up-with-blue-stair-on-blue-floor-background-3d-arrow-climbing-up-over-a-staircase.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=CVyhWGTWLsckBe04IO7mTRxoA-ZbBthjBQoqrA1w9NY=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure>Good news first! <a data-mce-href="https://tradingeconomics.com/united-states/new-home-sales" href="https://tradingeconomics.com/united-states/new-home-sales">Single-family home sales</a> in Houston saw a modest increase of 1.8% compared to last year. While it’s not a huge jump, it’s still a sign of stability in the market. Buyers are still out there, even with inflation and interest rates sticking around like that one house guest who never leaves. And if you're in the luxury home game, things are even better—luxury homes priced above $1 million saw a 14.2% increase in sales. It seems like people are still ready to invest in their dream homes despite economic uncertainties. <a data-mce-href="https://www.har.com/blog_129771_houston-home-sales-gain-momentum-in-july#:~:text=The%20luxury%20home%20market%2C%20defined,growth%20of%20other%20price%20segments." href="https://www.har.com/blog_129771_houston-home-sales-gain-momentum-in-july#:~:text=The%20luxury%20home%20market%2C%20defined,growth%20of%20other%20price%20segments.">See the real numbers credited here</a>.&nbsp;<h2>Prices are holding strong </h2>If you're wondering about prices, there's some solid growth here too. The average home price in Houston climbed to $445,440, which is 4.7% higher than last year.<figure id="figure-41tbwcpwsjm0vsyeqr"><img id="41tbwcpwsjm0vsyeqr" src="https://media.gettyimages.com/id/693363558/photo/money-finance-business-concept-abstract-background.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=ho21Dpl4Adjiq6NGHXZE3TUgqH3PKDWLlte0NuF79DM=" alt="Money, finance, business concept abstract background" title="Money, finance, business concept abstract background" class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/693363558/photo/money-finance-business-concept-abstract-background.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=ho21Dpl4Adjiq6NGHXZE3TUgqH3PKDWLlte0NuF79DM=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure> The median home price also went up, hitting $350,000, which is a 2.9% increase. So, whether you're selling a cozy starter home or something a little fancier, you’re likely to get a decent return on your investment.But remember, the market can be a bit unpredictable. While these price increases are great news for sellers, buyers are becoming more cautious, especially as mortgage rates remain high. It’s a delicate balance, but if you're looking to sell your home fast in Houston, being strategic with your listing price can make all the difference.<h2>More homes, more choices </h2><figure id="figure-czas4li1fhm0vszocf"><img id="czas4li1fhm0vszocf" src="https://media.gettyimages.com/id/1778738751/photo/summer-is-over-in-the-garden.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=1riktGxfz3T1oPymX4UwFjFV1aSf2HBhNtQLjvIotYw=" alt="Summer is over in the garden" title="Summer is over in the garden" class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/1778738751/photo/summer-is-over-in-the-garden.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=1riktGxfz3T1oPymX4UwFjFV1aSf2HBhNtQLjvIotYw=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure>One thing buyers will be happy to hear is that inventory is up. Houston now has about 4.3 months of inventory, up from 3.8 months earlier in the year. That’s still considered a seller’s market, but it’s creeping closer to balance. For sellers, this means you might face a bit more competition, but nothing too overwhelming.And while single-family homes are holding their ground, the market for townhomes and condos took a small dip in sales, with a 4% decrease. However, prices for townhomes and condos went up, with the average price increasing by 14%. So, even though fewer units are selling, those that do are fetching higher prices.<h2>Selling Fast in Houston? Here’s What to Keep in Mind </h2>If you’re looking to <a data-mce-href="https://terradigitalrealty.com/" href="https://terradigitalrealty.com/">sell your home fast in Houston</a>, you’ve got to stay ahead of the game. With inventory rising, it’s more important than ever to price your home competitively and highlight its best features. Buyers are still out there, but they have more options than they did just a few months ago.<figure id="figure-j4avltqgxdm0vt0p7v"><img id="j4avltqgxdm0vt0p7v" src="https://cdn.durable.co/blocks/33wtVXfgrWhiBoG1EGswaUdl3IsqpPB6tUKKUI8BLTr2Kl9zW0nYA944gWcMTxDo.png" alt="white concrete building" title="white concrete building" class="object-cover bg-gray-100 rounded-lg md:rounded-xl lg:rounded-2xl" style="aspect-ratio: 16/9; object-position: 0% 50%;" data-corners="medium" data-aspect="16:9" data-caption="" data-positionx="0%" data-positiony="50%" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/33wtVXfgrWhiBoG1EGswaUdl3IsqpPB6tUKKUI8BLTr2Kl9zW0nYA944gWcMTxDo.png" data-mce-style="aspect-ratio: 16/9; object-position: 0% 50%;"></figure>Luxury homes are hot, so if you’re in that market, now might be a great time to list. For everyone else, focus on location and curb appeal—two factors that can help your home stand out from the crowd. And don’t forget to mention those <a data-mce-href="https://terradigitalrealty.com/blog/selling-your-home-during-houston-s-hurricane-season" href="https://terradigitalrealty.com/blog/selling-your-home-during-houston-s-hurricane-season">Houston hurricane season</a> precautions if you’ve got them. A well-protected home is always a plus!<h3>Final Thoughts </h3>The <a data-mce-href="https://terradigitalrealty.com/blog/houston-news-real-estate-market-updates" href="https://terradigitalrealty.com/blog/houston-news-real-estate-market-updates">Houston real estate market</a> remains active, and with prices continuing to rise, it’s still a good time to sell. Whether you’re in the luxury market or selling something more affordable, staying informed on the latest trends can help you navigate the process smoothly. Keep an eye on inventory, price your home wisely, and you’ll be in a great position to make a quick sale this year.

August Update: Home Sales Houston

Low-density two story private homes in rural residential suburbs outside of Rochester, New York. Upscale suburban houses with large lot size and green grassy lawns in summer season

The <a data-mce-href="https://terradigitalrealty.com/blog/understanding-the-texas-real-estate-market" href="https://terradigitalrealty.com/blog/understanding-the-texas-real-estate-market">Houston real estate market</a> is showing a lot of resilience despite economic challenges like inflation and rising interest rates. As of mid-2024, single-family home sales have experienced a slight uptick, with July seeing a 1.8% increase year-over-year. Luxury homes in particular are performing well, with sales in the $1 million+ category surging by 14.2%, while homes priced between $500,000 and $1 million rose by 9.1%. The market for lower-priced homes, however, has remained fairly stable without significant growth.Prices are also trending upwards. The average price for a single-family home reached a record high of $445,440, a 4.7% increase compared to last year. Median prices also climbed to $350,000, reflecting a 2.9% rise. This continued price appreciation is attributed to strong demand and limited housing supply, with Houston now having about 4.3 months of inventory available, still slightly favoring sellers but moving closer to a balanced market.For those considering entering the market, whether buying or selling, these trends indicate steady growth and potential opportunities, particularly in higher-end properties. As inventory continues to grow, it may become easier for buyers to find more choices later this year and into 2025. While some expect home values to stabilize or dip slightly towards the end of 2024, Houston's overall market remains robust, largely driven by a strong job market and ongoing population growth.<figure id="figure-xpq69qfy8nm0qgqhq0"><img id="xpq69qfy8nm0qgqhq0" src="https://cdn.durable.co/blocks/1eARbGS3bEInX3S611YBda88aGboigqtqEbpeXAYI4EB67Fspkmwdi5caEPz25tI.png" alt="terra digital realty landing page" title="terra digital realty landing page" class="object-cover bg-gray-100 rounded-lg md:rounded-xl lg:rounded-2xl selected" style="aspect-ratio: 16/9; object-position: 0% 50%;" data-corners="medium" data-aspect="16:9" data-caption="" data-positionx="0%" data-positiony="50%" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/1eARbGS3bEInX3S611YBda88aGboigqtqEbpeXAYI4EB67Fspkmwdi5caEPz25tI.png" data-mce-style="aspect-ratio: 16/9; object-position: 0% 50%;" data-mce-selected="1"></figure>To make things more interesting, here's a table of the things you need to remember from this month's real estate updates;<table border="1" data-mce-style="border-collapse: collapse; width: 100%; margin-left: auto; margin-right: auto;" style="border-collapse: collapse; width: 100%; margin-left: auto; margin-right: auto;" data-mce-selected="1"><tbody><tr><td style="width: 50%;" data-mce-style="width: 50%;">Metric</td><td style="width: 50%;" data-mce-style="width: 50%;">Value</td></tr><tr><td style="width: 50%;" data-mce-style="width: 50%;">Single-family home sales (July 2024)</td><td style="width: 50%;" data-mce-style="width: 50%;">+1.8% year-over-year</td></tr><tr><td style="width: 50%;" data-mce-style="width: 50%;">Luxury home sales ($1M+)</td><td style="width: 50%;" data-mce-style="width: 50%;">+14.2% year-over-year</td></tr><tr><td style="width: 50%;" data-mce-style="width: 50%;">Homes priced $500K–$1M</td><td style="width: 50%;" data-mce-style="width: 50%;">+9.1% year-over-year</td></tr><tr><td style="width: 50%;" data-mce-style="width: 50%;">Average home price</td><td style="width: 50%;" data-mce-style="width: 50%;">$445,440 (+4.7%)</td></tr><tr><td style="width: 50%;" data-mce-style="width: 50%;">Median home price</td><td style="width: 50%;" data-mce-style="width: 50%;">$350,000 (+2.9%)</td></tr><tr><td style="width: 50%;" data-mce-style="width: 50%;">Inventory</td><td style="width: 50%;" data-mce-style="width: 50%;">4.3 months (up from 3.8 months)</td></tr><tr><td style="width: 50%;" data-mce-style="width: 50%;">Townhome &amp; condo sales</td><td style="width: 50%;" data-mce-style="width: 50%;">-4% (price up 14%)</td></tr></tbody></table>

Houston News Real Estate Market Updates

Imaginary cadastral map with buildings, land parcel and vacant plot - land records and property registry concept

If you’re planning to sell your home fast in Houston, one thing you’ll need to understand is Houston’s unique approach to zoning—or rather, its lack of traditional zoning laws.<figure id="figure-d39ck828wm0qga7zu"><img id="d39ck828wm0qga7zu" src="https://media.gettyimages.com/id/1253515007/photo/sold-home-for-sale-real-estate-sign-and-house.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=mBGv1ntPSI1OKWZZ1o_y_0L1vIEzdcgPPp7JtnmLZOY=" alt="Sold Home For Sale Real Estate Sign and House" title="Sold Home For Sale Real Estate Sign and House" class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/1253515007/photo/sold-home-for-sale-real-estate-sign-and-house.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=mBGv1ntPSI1OKWZZ1o_y_0L1vIEzdcgPPp7JtnmLZOY=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure> You see, unlike most cities, Houston doesn't use formal zoning regulations to separate&nbsp;residential, commercial, and industrial areas. Sounds like a free-for-all, right? Not exactly.Even without traditional zoning laws, Houston still has plenty of rules and restrictions that can affect your home sale. Let’s break down what you need to know to navigate the process like a pro.<h2>Wait, No Zoning Laws? What Does That Mean?</h2>While it’s true <a data-mce-href="https://www.houstontx.gov/planning/DevelopRegs/#:~:text=The%20City%20of%20Houston%20does,do%20not%20address%20land%20use." href="https://www.houstontx.gov/planning/DevelopRegs/#:~:text=The%20City%20of%20Houston%20does,do%20not%20address%20land%20use.">Houston has no formal zoning laws</a>, that doesn’t mean you can do whatever you want with your property. Instead of zoning, the city uses deed restrictions, building codes, and floodplain regulations to control development. These rules vary from neighborhood to neighborhood and can impact what you can build, how you can <a data-mce-href="https://terradigitalrealty.com/blog/houston-closing-costs" href="https://terradigitalrealty.com/blog/houston-closing-costs">market your home</a>, and even how attractive your property is to potential buyers.<h2>Deed Restrictions: Houston’s Unofficial Zoning </h2><figure id="figure-93x5nfdlwvem0qgbuxn"><img id="93x5nfdlwvem0qgbuxn" src="https://media.gettyimages.com/id/1445227748/photo/imaginary-cadastral-map-of-territory-with-buildings-roads-and-land-parcel-land-and-property.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=82aNbZ4R7wCHmmrnEkMCLFC-aSiMqJR4yBtLOZiJTXc=" alt="Imaginary cadastral map of territory with buildings, roads and land parcel - land and property registry and real estate property concept illustration" title="Imaginary cadastral map of territory with buildings, roads and land parcel - land and property registry and real estate property concept illustration" class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/1445227748/photo/imaginary-cadastral-map-of-territory-with-buildings-roads-and-land-parcel-land-and-property.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=82aNbZ4R7wCHmmrnEkMCLFC-aSiMqJR4yBtLOZiJTXc=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure>Most neighborhoods in Houston have deed restrictions, which are legal agreements that set rules for what homeowners can do with their property. For example, they might specify that homes must be single-family residences, limit how tall buildings can be, or prevent commercial activities. These restrictions play a big role in maintaining the character of neighborhoods, even in a city without formal zoning.If your home is in a deed-restricted area, you’ll need to make sure both you and potential buyers are aware of these rules. Deed restrictions can be <a data-mce-href="https://www.har.com/question/5183_what-is-the-easiest-way-to-find-out-about-deed-restrictions-if-any#:~:text=Check%20the%20deed%3A%20You%20can,or%20restrictions%20on%20certain%20activities." href="https://www.har.com/question/5183_what-is-the-easiest-way-to-find-out-about-deed-restrictions-if-any#:~:text=Check%20the%20deed%3A%20You%20can,or%20restrictions%20on%20certain%20activities.">found in your original purchase paperwork</a> or requested from your neighborhood association. About 70% of homes in Houston are subject to deed restrictions, so chances are they’ll affect your sale.<h2>The impact of zoning laws to your home sale </h2>Without zoning laws, how do these restrictions affect your ability to sell your home? Here’s what you need to consider.<h3>1. Neighborhood Character Matters </h3>We can all agree that Houston allows a mix of residential and commercial properties in many areas, which is why the location of your home can significantly influence its value.&nbsp;Buyers will want to know what’s happening around the property—are there businesses nearby? Future developments planned? Highlight the positives of your location in your <a data-mce-href="https://terradigitalrealty.com/blog/want-to-know-how-to-write-property-listings-for-houston-homebuyers" href="https://terradigitalrealty.com/blog/want-to-know-how-to-write-property-listings-for-houston-homebuyers">listing to attract the right buyers</a>.<figure id="figure-y5hnidet4m0qgdm5m"><img id="y5hnidet4m0qgdm5m" src="https://media.gettyimages.com/id/1063301176/photo/real-estate-is-a-best-option-to-invest-where-to-invest-concept-investmets-newspaper-with.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=Ew5AX3Dvl5o7aHoTDCGn4D_MI250yxilzsM7mbXyHEQ=" alt="Real Estate is a best option to invest. Where to Invest concept, Investmets newspaper with loupe and marker." title="Real Estate is a best option to invest. Where to Invest concept, Investmets newspaper with loupe and marker." class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/1063301176/photo/real-estate-is-a-best-option-to-invest-where-to-invest-concept-investmets-newspaper-with.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=Ew5AX3Dvl5o7aHoTDCGn4D_MI250yxilzsM7mbXyHEQ=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure><h3>2. Deed Restrictions Can Limit Buyer Plans </h3>If a buyer is hoping to renovate or use the property in a way that doesn’t fit the deed restrictions, they might think twice. Be transparent about what is and isn’t allowed by the restrictions upfront. Some buyers might see these limitations as a downside, while others will appreciate the preserved neighborhood feel.<h3>3. Flood Zones: A Big Factor in Houston </h3>Another major consideration is whether your home is located in a flood zone. Flooding is a significant concern in Houston, especially <a data-mce-href="https://terradigitalrealty.com/blog/selling-your-home-during-houston-s-hurricane-season" href="https://terradigitalrealty.com/blog/selling-your-home-during-houston-s-hurricane-season">during hurricane season</a>. If your property is in a floodplain, you’ll need to disclose that information to potential buyers and have proper flood insurance in place. About 20% of Houston homes are located in flood zones, so it’s important to be prepared.<h2>Final Thoughts</h2>While Houston’s lack of traditional zoning laws might seem like a wild card, it doesn’t have to complicate your sale. Just understand your neighborhood's deed restrictions, emphasize the positives of your location, and prepare for any flood zone requirements.&nbsp;Remember,&nbsp;you can sell your home fast in Houston—even with a few quirks along the way. Of course, asking a <a data-mce-href="https://terradigitalrealty.com/" href="https://terradigitalrealty.com/">real estate agent</a> to help you can come a long way as well.&nbsp;<figure id="figure-q4ncxpid8em0qg7ntq"><img id="q4ncxpid8em0qg7ntq" src="https://cdn.durable.co/blocks/1eARbGS3bEInX3S611YBda88aGboigqtqEbpeXAYI4EB67Fspkmwdi5caEPz25tI.png" alt="beige couch and armchair" title="beige couch and armchair" class="object-cover bg-gray-100 rounded-lg md:rounded-xl lg:rounded-2xl" style="aspect-ratio: 16/9; object-position: 0% 50%;" data-corners="medium" data-aspect="16:9" data-caption="" data-positionx="0%" data-positiony="50%" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/1eARbGS3bEInX3S611YBda88aGboigqtqEbpeXAYI4EB67Fspkmwdi5caEPz25tI.png" data-mce-style="aspect-ratio: 16/9; object-position: 0% 50%;"></figure>

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