Falling home valuations in Meadows Place in Q3

Real Estate
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The median assessed value of a home sold in the third quarter of 2022 in Meadows Place fell by $1,071 while total valuation increased by 185.7 percent, according to BlockShopper.com.

From July through September, there were 20 homes sold, with a median home valuation of $187,705 - a 0.6 percent decrease from the $188,776 median valuation for the same period of the previous year. There were seven homes sold in Meadows Place in the third quarter of 2021.

The following table compares Meadows Place 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)
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
Pearland660$192,050$228,968-16.1
Meadows Place207185.7$187,705$188,776-0.6
Beasley24-50$180,840$136,27532.7
Pecan Grove715529.1$180,264$178,5201
Summerfield440$177,820$202,570-12.2
Pleak226-92.3$177,340$36,504385.8
Cumings59-44.4$175,792$183,440-4.2