The Houston Heights real estate area is a historical neighborhood. The area has a mixture of bungalow, Victorian homes, and new construction (as well as some industrial and commercial property). It was originally established as a planned community in the late 1890s. The location was partially chosen because it was 23 feet higher than downtown Houston, located 4 miles away. In 1918, Houston Heights residents voted for annexation from the city of Houston, Texas.
The single family home market in the Houston Heights consists of older Victorian era homes, older bungalows, and new construction. Many of the older homes have been remodeled. Over 100 Houston Heights structures are registered in the National Register of Historical Places. The newer construction consists of everything from contemporary designs to Victorian style homes.
There are approximately 3500 single family homes in the Houston Heights with an average sales price per sq. ft. of $164 in 2006. Since 1994, this figure has increased every year. The values were $150/sq ft.in 2004 and 156 in 2005. These figures were obtained from the Houston Association of Realtors (HAR) Multiple Listing Service, as are the other figures cited in this article.
There are currently 144 single family homes for sale in the Houston Heights real estate area ranging from a 3 bed/1 bath, 1200 sq. ft. home in need of repair on a 4323 sq. ft. lot listed for $135,000 to a 1925 property currently configured as an inn with 5600 sq. ft. and a 2600 sq. ft. carriage house on a 11,250 sq. ft lot and priced at $1,575,000. The average list price per sq. ft. is $191.99. Many of the homes for sale are new construction ones on small lots. However, there are a good selection of older homes. Another 33 homes are under contract as of 1/17/2008 but haven’t closed yet.
In November 2007 there were 28 single family homes sold at prices ranging from $170,000 to $850,000 with an overall average sales price per sq. ft. value of $187.25.
In December 2007, 25 single family homes sold at prices from a low of $166,800 for a nice 2 bed/ 2 bath,1190 sq. ft. home on a 3275 sq. ft.lot to a high of $1,075,000 for a 1918 historically restored, 4249 sq. ft., 5 bed/ 3.5 bath home on a 12,767 sq. ft. lot. The overall average sales price per sq. ft. was $173.70.