Houston Daily

The home at 511 Calloway Drive, New Territory was sold on May 30 by Robert and Carmen Maria Owens and Maria Torreblanca for $303,310.

The buyers were Ingy Elazizi and Haytham Gaber.

The property tax paid for this property in 2020 was $6,096. This is 2% of the assessed value of the home.

This property is one of 14 sales in New Territory (Fort Bend County) from April 30 to May 30.

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.