Q3: Summerfield experienced a 12.2% drop in median home valuations

Real Estate
Webp re 3

The median assessed value of a home sold in the third quarter of 2022 in Summerfield fell by $24,750 while total valuation remained unchanged with four homes sold, according to BlockShopper.com.

From July through September, there were four homes sold, with a median home valuation of $177,820 - a 12.2 percent decrease from the $202,570 median valuation for the same period of the previous year. There were four homes sold in Summerfield in the third quarter of 2021, as well.

The following table compares Summerfield 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)
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
Arcola110$175,390$45,610284.5
Fresno4971-31$174,350$165,4105.4
Pheasant Creek62200$172,464$249,770-31