Is Houston, TX 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 December 2020

Since last year, Houston has remained a Seller's Market.

Key Takeaway

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

How much do homes in Houston, TX cost?

Median Sold Price

$319,428

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$34,469(+12.1%)

Key Takeaway

Homes in Houston have sold for 12.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $125K$130K
+4.0%
2 $192.8K$219.3K
+13.7%
3 $289.2K$330.7K
+14.3%
4 $323.3K$382.7K
+18.4%
5+ $549K$675.8K
+23.1%

Median Sold Price Compared To Nearby Cities

Spring Valley Village
+23.5%
Houston
+12.1%
Hunters Creek Village
+4.6%
Hedwig Village
-14.9%

How many homes are available in Houston, TX?

Number of Homes For Sale

Nov 2021Dec 2021%
8,0257,192-10.4%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 403370
-8.2%
2 1,5071,322
-12.3%
3 3,9203,512
-10.4%
4 1,7251,545
-10.4%
5+ 470443
-5.7%

Number of Homes Sold

Nov 2021Dec 2021%
1,9652,019+2.7%

Asking Price vs. Sold Price

1,186 Homes Were Sold
Under Asking

427 Homes Were Sold
At Asking

406 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. 58.7% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
45 Days37 Days-16.7%

Breakdown of Home Sale Times

1,238 Homes Were Sold
Under 30 Days

530 Homes Were Sold
In 30 - 90 Days

251 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Houston are selling fast, if you're buying plan to act quickly.

About Houston, TX

Number of homes for sale in Houston, TX real estate market have reached 7,192. The number of homes for sale in Houston, TX decreased by 10.4% between November 2021 and December 2021. In December 2021 median list price was $319,428 and the average listing age was 37 days. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 4%, 2 bedrooms properties prices increased by 13.7%, 3 bedrooms properties prices increased by 14.3%, prices of 4 bedrooms properties went up by 18.4%, 5 bedrooms properties became 23.1% more expensive. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes went down by 8.2%, 2 bedrooms homes became 12.3% less available, number of 3 bedrooms homes decreased by 10.4%, 4 bedrooms homes became 10.4% less available, volume of 5 bedrooms homes went down by 5.7%. Over 406 listings were sold over their listed price in December 2021 in Houston, TX. In the same period over 1186 listings were sold below the listed price and 427 listings were sold for the listed price.

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