Houston Daily

The home at 12818 Paleo Court, Sugar Land was sold on May 1 by Weitao Tang for $245,955.

The buyers were Alejandro Lizaola and Angelica Huerta.

The property tax paid for this property in 2020 was $4,712. This is 1.9% of the assessed value of the home.

This property is one of 133 sales in Sugar Land (Fort Bend County) from April 1 to May 1.

This story was found on BlockShopper.com.

The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.