Is Harris County, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Harris County has remained a Seller's Market.
Key Takeaway
Harris County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Harris County, TX
How much do homes in Harris County, TX cost?
Median Sold Price
$317,718
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Harris County have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Harris County was $317,718 in March 2024, up 0.9% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $131.6K | -6.0% |
| 2 Bedrooms | $205.3K | $214.3K | +4.4% |
| 3 Bedrooms | $281.3K | $284.9K | +1.3% |
| 4 Bedrooms | $363.4K | $362.3K | -0.3% |
| 5+ Bedrooms | $535.6K | $553.1K | +3.3% |
Summary: Harris County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Counties
| Liberty County | $270K | $278.5K | +3.2% |
| Harris County | $315K | $317.7K | +0.9% |
| Galveston County | $344.9K | $340.7K | -1.2% |
| Montgomery County | $373.9K | $364.1K | -2.6% |
| Waller County | $328.3K | $317K | -3.5% |
Housing Supply in Harris County, TX
How many homes are available in Harris County, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14,907 | 17,765 | +19.2% |
Summary: The Harris County real estate market had 17,765 homes for sale in March 2024, a 19.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 432 | 506 | +17.1% |
| 2 Bedrooms | 1,569 | 1,931 | +23.1% |
| 3 Bedrooms | 6,744 | 8,039 | +19.2% |
| 4 Bedrooms | 4,793 | 5,685 | +18.6% |
| 5+ Bedrooms | 1,369 | 1,604 | +17.2% |
Summary: The Harris County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.1%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 17.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2,767 | 3,158 | +14.1% |
Asking Price vs. Sold Price
1,946 Homes Were Sold
Under Asking
685 Homes Were Sold
At Asking
523 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Harris County, you may be able to get a good deal. 61.7% of homes here sold below asking price last month.
Summary: A total of 3,158 homes were sold or pending in Harris County in March 2024, up by 14.1% month-over-month. Of the 3,154 sold homes, 62% were sold under asking, 22% were sold at asking, and 17% were sold over asking.
Days on Market for Harris County, TX
How long does it take to sell a home in Harris County, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 45 Days | 41 Days | -7.7% |
Summary: Homes in Harris County had an average of 41 days on market in Mar 2024, down by 7.7% compared to last year.
Breakdown of Home Sale Times
1,841 Homes Were Sold
Under 30 Days
856 Homes Were Sold
In 30 - 90 Days
461 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Harris County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3158 homes were sold in Harris County; 58% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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