What happened to the median home valuation in Cypress during the first half of 2022?

Medium realestate077

The median assessed value of a home sold in the first half of 2022 in Cypress rose by $31,017 while total valuation increased by 29.1 percent, according to BlockShopper.com.

From January through June, there were 1,470 homes sold, with a median home valuation of $267,854 - a 13.1 percent increase over the $236,837 median valuation for the same period of the previous year. There were 1,139 homes sold in Cypress in the first half of 2021.

The following table compares Cypress to other Harris County cities with similar median home valuations in the first half of 2022:

CityJanuary - June 2022 Home SalesJanuary - June 2021 Home Sales% change (Total Home Sales)January - June 2022 Median ValuationJanuary - June 2021 Median Valuation% change (Median Valuation)
Cinco Ranch147100$276,374$345,379-20
Pinewood Place81700$274,383$282,124-2.7
Canterbury Forest911-18.2$274,094$173,67857.8
Rustic Acres12-50$268,185$197,39535.9
Champion Park550$267,300$281,755-5.1
Oak Creek Village15966.7$266,633$209,80027.1
Pine Forest Village45-20$266,240$261,4251.8
Southdown Village15887.5$264,937$213,56724.1
Wimbledon Estates30-$263,687$0-

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