Houston Daily

The home at 6503 Brobeck Court, New Territory was sold on May 14 by Draper David M. for $291,430.

The buyers were Bachireddy Vinay and Khanduri Raashi.

The property tax paid for this property in 2020 was $5,631. This is 1.9% of the assessed value of the home.

This property is one of eight sales in New Territory (Fort Bend County) from April 14 to May 14.

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.