Bellaire Real Estate and Homes for Sale Market Analysis

Posted by George Alexander on Tuesday, August 20th, 2019 at 3:39pm.

Bellaire

With 9.5 months of inventory, Bellaire is a Buyer’s Market (6+ months of inventory). But, the inventory in different price segments is very different. For example, for $2M+ homes, there are 3 years and 4 months of inventory. From August 17, 2018 to August 16, 2019 "Prior 12 Months" the average sale price was $899,896 ranging from $230K to $2.6M.  There are 4 Bellaire homes currently listed higher than $2.6M. The Bellaire price segment with the lowest months of inventory is $750K-$1M with 6.6 months of inventory. 

On average, the price per SF in Bellaire increased 10% in the Prior 12 Months. But, the Bellaire $750K-$1M segment has decreased by 8% and the Bellaire $1M-$1.25M segment has decreased by 12%.

BELLAIRE OVERVIEW

The city of Bellaire real estate and Bellaire homes for sale are in Houston Inner Loop SouthwestBellaire has about 6,256 homes. 239 Bellaire homes sold, a 3.8% annual turnover. The Prior 12 Month median sale price was $870,000, the median size home was 3,802 SF, the median size lot was 8,100 SF (0.19 acres), and the median sale price per SF was $247. With 190 properties for sale, Bellaire is a buyer's market with 9.5 months of inventory for sale (190 properties listed / 239 properties sold in Prior 12 Months.)

BELLAIRE COMMUNITY DNA

64% of Bellaire families’ Lifestyles and Choices are Top Tier. 

Bellaire has 568% HIGHER $500K+ home values. Compared to Houston, Bellaire has 364% HIGHER $500K+ net worth. Compared to Houston, Bellaire has 142% HIGHER undergraduate degrees. Compared to Houston, Bellaire has a 74% LOWER crime index.

Bellaire residents median age is 43. Bellaire median per person income is $85K. 79% of Bellaire adults have undergraduate degrees. Compared to Houston, 

Download Bellaire Community DNA.

Search ALL Bellaire real estate and homes for sale     Under $500K     $500K - $750K     $750K - $1M     $1M - $1.5M     Over $1.5M

4608 Oakdale is our favorite Bellaire home for sale. Here's why:

  • Move in ready
  • Built in 2012
  • Priced at $229 per SF under $248 median sale
  • Thermador appliances
  • Covered patio with summer kitchen
  • Not in flood zone, never flooded
  • Resort level master suite
  • Room for pool

Search ALL Bellaire real estate and homes for sale     Under $500K     $500K - $750K     $750K - $1M     $1M - $1.5M     Over $1.5M 

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George Arnold Alexander, MPA, Associate Broker
CFO, SWPRE & SWPRE Philanthropy 
m  +1 713.918.9951
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