Is Houston, DE a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Houston is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Houston was a Neutral Market.

Key Takeaway

Houston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Houston, DE

How much do homes in Houston, DE cost?

Median Sold Price

$394,500

$183/sqft

Based on all homes sold in August 2024.

Difference Since Last Month

+$37,000(+10.3%)

Key Takeaway

Homes in Houston have sold for 10.3% more than they did a month ago.

Summary: The median home sold price in Houston was $394,500 in August 2024, up 10.3% from last month, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 --
N/A
2 --
N/A
3 $357.5K$479K
+34.0%
4 -$310K
N/A
5+ --
N/A

Summary: Houston housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 34%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Houston, DE

How many homes are available in Houston, DE?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
1310-23.1%

Summary: The Houston real estate market had 10 homes for sale in August 2024, a 23.1% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 22
0.0%
3 64
-33.3%
4 54
-20.0%
5+ 00
0.0%

Summary: The Houston housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Houston, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Houston in August 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Houston, DE

How long does it take to sell a home in Houston, DE?

Average Sale Time

Jul 2024Aug 2024CHANGE
33 Days32 Days-3.0%

Summary: Homes in Houston had an average of 32 days on market in Aug 2024, down by 3% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Houston has remained consistent over time.

Summary: During August 2024, 2 homes were sold in Houston; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

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