Rising home valuations in New Territory in May

Real Estate
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The median assessed value of a home sold in May in New Territory rose by $44,824 while total valuation decreased by 27.3 percent, according to BlockShopper.com.

In May, there were eight homes sold, with a median home valuation of $294,914 - a 17.9 percent increase over the $250,090 median valuation for the same period of the previous year. There were 11 homes sold in New Territory in May 2021.

The following table compares New Territory to other Fort Bend County cities with similar median home valuations in May:

CityMay 2022 Home SalesMay 2021 Home Sales% change (Total Home Sales)May 2022 Median ValuationMay 2021 Median Valuation% change (Median Valuation)
Fulshear12933.3$506,684$241,408109.9
Pin Oak Village220$376,320$251,91249.4
Weston Lakes94125$369,904$397,003-6.8
Sugar Lands10-$342,688$0-
Cinco Ranch1115-26.7$339,568$389,160-12.7
New Territory811-27.3$294,914$250,09017.9
Greatwood815-46.7$280,194$311,643-10.1
Katy85109-22$279,536$310,890-10.1
Sugar Land1018321.7$275,994$280,386-1.6
Pleak10-$254,210$0-
Needville41300$240,964$30,968678.1