Is there a median or an average sales price per square foot for lots only in the 77023 zip code?

Asked by Ckate, 77023 Sun Jan 17, 2010

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Dallas Texas, Agent, Dallas, TN
Tue Jan 19, 2010
Many factors determine value of lot size is

Zoned for residential or commercial

Location of the lot in zip code

Purpose of lot

What is next store to lot

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Ana Martinez, Agent, Houston, TX
Tue Jan 19, 2010
Is your lot a corner lot? Larger than average? In a better or worse neighborhood than others? All this will help get a good price per square ft.
Web Reference:  http://www.houseshalfoff.com
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Bruce Lynn, Agent, Coppell, TX
Sun Jan 17, 2010
Ckate,

You;ve got some answers below, but wow it is often tough to put a good number on lots in many places. There are just so many different factors to consider.....you can look at average numbers, but they will vary greatly....for example if there are utilities or not, deed restrictions or not....size...age of the neighborhood, etc. As a ballpark what we often see in residential neighborhoods is about 10-20% of the final home value. So if average values in the neighborhood are $250,000, typically you would not want to pay more than about $50,000 for the lot...so sometimes you can back into a number.
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Brenda Jones, Agent, Houston, TX
Sun Jan 17, 2010
Lots in 77023 average LIST PRICE is $15.50/sf but this number varies WIDELY depending on subdivision ($4.57/sf to $52.95/sf).

The SALES PRICE average is $16.78/sf again with WIDE variances depending on subdivision.

I would love to speak with you and offer my professional advice about your specific needs!

Brenda G. Jones
"Real Estate Brenda"
askrealestatebrenda@gmail.com
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Carole Haider, Agent, Houston, TX
Sun Jan 17, 2010
In MLS lots listed in zip code 77023 with an average lot size of 5000 sq.ft. is listed between 23,000 to 38,000. Of course location location will determine price listed and sold.
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