Is Northwest Houston, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Northwest Houston has remained a Seller's Market.
Housing Prices in Northwest Houston, TX
How much do homes in Northwest Houston, TX cost?
Median Sold Price
$405,579
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northwest Houston was $405,579 in April 2024, up 3.8% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $97.7K | $121K | +23.8% |
2 Bedrooms | $195K | $190K | -2.6% |
3 Bedrooms | $371.4K | $377.6K | +1.7% |
4 Bedrooms | $484.4K | $544K | +12.3% |
5+ Bedrooms | $679.9K | $1.0M | +58.8% |
Summary: Northwest Houston housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.8%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 58.8%.
Median Sold Price Compared To Nearby Neighborhoods
Carverdale | $264.3K | $323K | +22.2% |
Westbranch | $245.9K | $285.2K | +16.0% |
Spring Branch North | $390K | $424.5K | +8.8% |
Spring Branch West | $399.9K | $425.2K | +6.3% |
Northwest Houston | $390.6K | $405.5K | +3.8% |
Housing Supply in Northwest Houston, TX
How many homes are available in Northwest Houston, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
447 | 551 | +23.3% |
Summary: The Northwest Houston real estate market had 551 homes for sale in April 2024, a 23.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 6 | +100.0% |
2 Bedrooms | 42 | 53 | +26.2% |
3 Bedrooms | 255 | 322 | +26.3% |
4 Bedrooms | 114 | 136 | +19.3% |
5+ Bedrooms | 33 | 34 | +3.0% |
Summary: The Northwest Houston housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 26.2%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes increased by 3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
105 | 102 | -2.9% |
Asking Price vs. Sold Price
64 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 102 homes were sold or pending in Northwest Houston in April 2024, down by 2.9% month-over-month. Of the 102 sold homes, 63% were sold under asking, 21% were sold at asking, and 17% were sold over asking.
Days on Market for Northwest Houston, TX
How long does it take to sell a home in Northwest Houston, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 31 Days | -16.3% |
Summary: Homes in Northwest Houston had an average of 31 days on market in Apr 2024, down by 16.3% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 102 homes were sold in Northwest Houston; 66% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.