Is North Houston, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, North Houston has remained a Seller's Market.
Key Takeaway
North Houston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Houston, TX
How much do homes in North Houston, TX cost?
Median Sold Price
$349,515
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Houston have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in North Houston was $349,515 in May 2024, up 5.9% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $84.9K | $120K | +41.3% |
| 2 Bedrooms | $160K | $178.8K | +11.8% |
| 3 Bedrooms | $326.8K | $341.1K | +4.4% |
| 4 Bedrooms | $379.4K | $469K | +23.6% |
| 5+ Bedrooms | $880K | $1.1M | +33.1% |
Summary: North Houston housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.3%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 23.6%, and 5+ bedroom homes increased by 33.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Hidden Valley | $223.5K | $237K | +6.0% |
| North Houston | $329.9K | $349.5K | +5.9% |
| Acres Home | $310.5K | $312.5K | +0.6% |
| Northside / Northline | $235K | $235K | 0.0% |
| Greater Inwood | $225.6K | $219K | -3.0% |
Housing Supply in North Houston, TX
How many homes are available in North Houston, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 965 | 1,138 | +17.9% |
Summary: The North Houston real estate market had 1,138 homes for sale in May 2024, a 17.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 12 | +9.1% |
| 2 Bedrooms | 108 | 127 | +17.6% |
| 3 Bedrooms | 618 | 728 | +17.8% |
| 4 Bedrooms | 169 | 198 | +17.2% |
| 5+ Bedrooms | 59 | 73 | +23.7% |
Summary: The North Houston housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 23.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 160 | 190 | +18.8% |
Asking Price vs. Sold Price
100 Homes Were Sold
Under Asking
56 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Houston, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 190 homes were sold or pending in North Houston in May 2024, up by 18.8% month-over-month. Of the 190 sold homes, 53% were sold under asking, 29% were sold at asking, and 18% were sold over asking.
Days on Market for North Houston, TX
How long does it take to sell a home in North Houston, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 39 Days | +19.3% |
Summary: Homes in North Houston had an average of 39 days on market in May 2024, up by 19.3% compared to last year.
Breakdown of Home Sale Times
107 Homes Were Sold
Under 30 Days
59 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Houston are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 190 homes were sold in North Houston; 56% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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