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How did home valuations perform in New Territory during the first quarter of 2022?

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The median assessed value of a home sold in the first quarter of 2022 in New Territory fell by $60,491 while total valuation increased by 208.3%, according to BlockShopper.com.

From January through March of 2022, there were 37 homes sold, with a median home valuation of $213,919 - a 22% decrease over the $274,410 median valuation for the same period of the previous year. There were 12 homes sold in New Territory in the first quarter of 2021.

The following table compares New Territory 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)
Clodine10-$245,510$0-
Richmond24116447%$240,224$220,6338.9%
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%

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