What happened to the median home valuation in Village of Oak Lakes during Q3?

Real Estate
Webp re 6

The median assessed value of a home sold in the third quarter of 2022 in Village of Oak Lakes rose by $43,205 while total valuation decreased by 14.3 percent, according to BlockShopper.com.

From July through September, there were six homes sold, with a median home valuation of $217,925 - a 24.7 percent increase over the $174,720 median valuation for the same period of the previous year. There were seven homes sold in Village of Oak Lakes in the third quarter of 2021.

The following table compares Village of Oak Lakes to other Fort Bend County cities with similar median home valuations in the third quarter of 2022:

CityJuly - September 2022 Home SalesJuly - September 2021 Home Sales% change (Total Home Sales)July - September 2022 Median ValuationJuly - September 2021 Median Valuation% change (Median Valuation)
Katy271354-23.4$297,272$317,730-6.4
Pin Oak Village110$295,912$242,17622.2
Sugar Land3192938.9$281,000$261,6247.4
New Territory3040-25$244,419$207,13818
Stratford Park12-50$219,400$212,2093.4
Village of Oak Lakes67-14.3$217,925$174,72024.7
Stafford3337-10.8$214,170$175,20822.2
Missouri City154158-2.5$212,455$228,630-7.1
Richmond245258-5$205,888$232,780-11.6
Four Corners18175.9$205,265$159,38028.8
Fairchilds13-66.7$199,808$199,8080