Quantcast

South Brazoria News

Thursday, November 21, 2024

Brazoria County home prices fell in second half of 2023

Webp ey8exwkys3cvxwqkw9qkc9qp3bud

Brazoria County Clerk Joyce Hudman (2023) | County Clerk, Brazoria County

Brazoria County Clerk Joyce Hudman (2023) | County Clerk, Brazoria County

The median sale price of a home sold in the second half of 2023 in Brazoria County fell by $10,759, while total sales decreased by 19.8%, according to BlockShopper.com.

From July through December of 2023, 544 homes were sold in the county, with a median sale price of $150,217. This is a 6.7% decrease from the $160,976 median sale price during the same period in 2022, when there were 678 homes sold.

Based on the latest available data from 2022, the median sales tax in Brazoria County was $4,259, which stands at 2.8% of the median home sale price for the second half of 2023.

The U.S. housing market has soared in recent years, with its total value nearing $50 trillion in 2024. This is almost five times greater than the market's value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following histogram displays changes in median sales prices in Brazoria County from July 2022 to December 2023.

July - Dec. 2022Jan. - June 2023July - Dec. 2023$160,976$160,976$145,270$145,270$150,217$150,217

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS