Texas markets

These Texas suburbs are some of Zillow’s most popular markets

TEXAS (KXAN) – Austin has long held the title of one of the fastest growing cities nationally, but one of its suburbs is also causing some turmoil for the growth in the value of sales of houses.

Cedar Park was listed as one of Zillow’s most popular markets in the first quarter of 2022, according to a market report published on May 24. It is one of four suburban Texas cities in the Dallas, Houston, San Antonio and Austin metropolitan areas to make Zillow’s Top 50 list. .

The typical Cedar Park home value was listed at more than $618,000, up 10% in the first quarter, according to data from Zillow. Based on typical home value growth, Cedar Park was ranked the ninth hottest market nationwide.

Elsewhere in Texas, Canyon Lake near San Antonio ranked No. 16, Houston-area Port Bolivar ranked No. 18, and Coppell near Dallas-Fort Worth ranked No. 30.

Zillow compiled its Top 50 ranking through the following analyses:

  • Home value growth year-over-year and quarter-over-quarter
  • Average number of daily page views by Zillow on ads for sale from January to March
  • Quarter-over-quarter growth in average daily pageviews on Zillow from listings for sale, March
  • Active listings for sale by dwelling, as of March
  • Quarter-over-quarter growth in listings for sale, March

“Suburbs that beat all others to make it into Zillow’s top 10 most popular markets in Q1 are seeing home values ​​increase faster on a quarterly basis than their metro area’s main city, indicating stronger demand. strong,” the Zillow report says in part. . “Most of them have more expensive homes than their nearest major city, and several are significantly more expensive.”