Is Southeast Houston, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Southeast Houston was a Seller's Market.
Housing Prices in Southeast Houston, TX
How much do homes in Southeast Houston, TX cost?
Median Sold Price
$229,950
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southeast Houston was $229,950 in April 2024, up 6.6% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265K | $125K | -52.8% |
2 Bedrooms | $146K | $133.5K | -8.6% |
3 Bedrooms | $220.6K | $230K | +4.3% |
4 Bedrooms | $245.6K | $247.3K | +0.7% |
5+ Bedrooms | $276.5K | $331.5K | +19.9% |
Summary: Southeast Houston housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 52.8%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 19.9%.
Median Sold Price Compared To Nearby Neighborhoods
Sunnyside | $209K | $250K | +19.6% |
South Acres / Crestmont Park | $198.3K | $225K | +13.5% |
Southeast Houston | $215.6K | $229.9K | +6.6% |
Minnetex | $254.9K | $259.9K | +2.0% |
South Park | $179.4K | $175K | -2.5% |
Housing Supply in Southeast Houston, TX
How many homes are available in Southeast Houston, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
628 | 693 | +10.4% |
Summary: The Southeast Houston real estate market had 693 homes for sale in April 2024, a 10.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 4 | -42.9% |
2 Bedrooms | 51 | 62 | +21.6% |
3 Bedrooms | 404 | 454 | +12.4% |
4 Bedrooms | 145 | 153 | +5.5% |
5+ Bedrooms | 21 | 20 | -4.8% |
Summary: The Southeast Houston housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 4.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
135 | 96 | -28.9% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 96 homes were sold or pending in Southeast Houston in April 2024, down by 28.9% month-over-month. Of the 96 sold homes, 55% were sold under asking, 31% were sold at asking, and 14% were sold over asking.
Days on Market for Southeast Houston, TX
How long does it take to sell a home in Southeast Houston, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
52 Days | 34 Days | -34.9% |
Summary: Homes in Southeast Houston had an average of 34 days on market in Apr 2024, down by 34.9% compared to last year.
Breakdown of Home Sale Times
70 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 96 homes were sold in Southeast Houston; 73% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.