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 Bellaireprice 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%.
The city ofBellaire real estate and Bellaire homes for sale are in Houston Inner Loop Southwest. Bellaire 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 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.
Bellaireresidents median age is 43. Bellairemedian per person income is $85K. 79% of Bellaire adults have undergraduate degrees. Compared to Houston,