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Falling home valuations in Pheasant Creek in the first quarter of 2022

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The median assessed value of a home sold in the first quarter of 2022 in Pheasant Creek fell by $32,893 while total valuation increased by 50%, according to BlockShopper.com.

From January through March of 2022, there were three homes sold, with a median home valuation of $213,400 - a 13.4% decrease over the $246,293 median valuation for the same period of the previous year. There were two homes sold in Pheasant Creek in the first quarter of 2021.

The following table compares Pheasant Creek to other Fort Bend County cities with similar median home valuations in the first quarter of 2022:

CityJan. - Mar. 2022 Home SalesJan. - Mar. 2021 Home Sales% change (Total Home Sales)Jan. - Mar. 2022 Median ValuationJan. - Mar. 2021 Median Valuation% change (Median Valuation)
Sugar Land28715684%$238,780$308,326.50-22.6%
Sienna Plantation1617-5.9%$238,040$279,992-15%
Pin Oak Village110%$217,032$285,344-23.9%
New Territory3712208.3%$213,919$274,410-22%
Missouri City1121110.9%$213,740$225,760-5.3%
Pheasant Creek3250%$213,400$246,293-13.4%
Stratford Park23-33.3%$212,463$206,5102.9%
Greatwood Village20-$191,924$0-
Cumings12-50%$185,648$177,4614.6%
Four Corners15150%$183,080$181,8160.7%
Needville134225%$182,032$233,615-22.1%

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