Is Greater Heights / Houston Heights, 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, Greater Heights / Houston Heights has remained a Seller's Market.
Housing Prices in Greater Heights / Houston Heights, TX
How much do homes in Greater Heights / Houston Heights, TX cost?
Median Sold Price
$650,356
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Greater Heights / Houston Heights was $650,356 in April 2024, up 6.4% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $288K | $308K | +6.9% |
2 Bedrooms | $518.7K | $523K | +0.8% |
3 Bedrooms | $580.2K | $639.6K | +10.2% |
4 Bedrooms | $1.0M | $1.1M | +4.6% |
5+ Bedrooms | $1.4M | $1.5M | +3.7% |
Summary: Greater Heights / Houston Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Neighborhoods
Greater Heights / Houston Heights | $610.9K | $650.3K | +6.4% |
Central Houston | $525.1K | $550.1K | +4.8% |
Washington Avenue Coalition / Memorial Park | $501.6K | $522.5K | +4.2% |
West End | $486K | $485K | -0.2% |
Woodland Heights | $830K | $753K | -9.3% |
Housing Supply in Greater Heights / Houston Heights, TX
How many homes are available in Greater Heights / Houston Heights, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
458 | 530 | +15.7% |
Summary: The Greater Heights / Houston Heights real estate market had 530 homes for sale in April 2024, a 15.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 10 | +11.1% |
2 Bedrooms | 81 | 103 | +27.2% |
3 Bedrooms | 258 | 299 | +15.9% |
4 Bedrooms | 87 | 95 | +9.2% |
5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The Greater Heights / Houston Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 27.2%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
117 | 109 | -6.8% |
Asking Price vs. Sold Price
65 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 109 homes were sold or pending in Greater Heights / Houston Heights in April 2024, down by 6.8% month-over-month. Of the 109 sold homes, 60% were sold under asking, 18% were sold at asking, and 22% were sold over asking.
Days on Market for Greater Heights / Houston Heights, TX
How long does it take to sell a home in Greater Heights / Houston Heights, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 30 Days | +9.5% |
Summary: Homes in Greater Heights / Houston Heights had an average of 30 days on market in Apr 2024, up by 9.5% compared to last year.
Breakdown of Home Sale Times
79 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 109 homes were sold in Greater Heights / Houston Heights; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.