Valuation for the median home in Town West decreased during Q3

Real Estate
Webp re 9

The median assessed value of a home sold in the third quarter of 2022 in Town West fell by $63,810 while total valuation increased by 33.3 percent, according to BlockShopper.com.

From July through September, there were four homes sold, with a median home valuation of $110,640 - a 36.6 percent decrease from the $174,450 median valuation for the same period of the previous year. There were three homes sold in Town West in the third quarter of 2021.

The following table compares Town West 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)
West Oaks Village58-37.5$168,224$161,4604.2
Dover42100$160,776$140,57614.4
Rabbs Hill84100$153,420$166,840-8
Rosenberg80111-27.9$151,247$182,968-17.3
Crabb21100$150,391$157,160-4.3
Houston1179128.6$141,910$134,2005.7
Town West4333.3$110,640$174,450-36.6
Clodine13-66.7$89,879$89,8790
Simonton550$84,664$193,600-56.3
Guy3250$54,512$246,308-77.9
Fifth Street12-50$43,230$82,090-47.3