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

Housing Market Conditions



Gauge showing Houston is a seller's market


Difference Since March 2023

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.

Housing Prices in Houston, TX

How much do homes in Houston, TX cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since March 2023


Key Takeaway

Homes in Houston have sold for 4.4% less than they did a year ago.

Summary: The median home sold price in Houston was $314,779 in March 2024, down 4.4% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $146.6K$134.9K
2 $215.7K$216.6K
3 $334.8K$298.8K
4 $398.2K$358.4K
5+ $678.7K$609.6K

Summary: Houston housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8%, 2 bedroom homes increased by 0.4%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 10.2%.

Median Sold Price Compared To Nearby Cities

Hunters Creek Village
Spring Valley Village
Hedwig Village

Housing Supply in Houston, TX

How many homes are available in Houston, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE

Summary: The Houston real estate market had 11,690 homes for sale in March 2024, a 20.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 397469
2 1,3951,708
3 4,6785,645
4 2,5372,992
5+ 724876

Summary: The Houston housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.1%, 2 bedroom homes increased by 22.4%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 21%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE

Asking Price vs. Sold Price

1,238 Homes Were Sold
Under Asking

423 Homes Were Sold
At Asking

344 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. 61.7% of homes here sold below asking price last month.

Summary: A total of 2,006 homes were sold or pending in Houston in March 2024, up by 15.1% month-over-month. Of the 2,005 sold homes, 62% were sold under asking, 21% were sold at asking, and 17% were sold over asking.

Days on Market for Houston, TX

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

Average Sale Time

Mar 2023Mar 2024CHANGE
43 Days39 Days-8.7%

Summary: Homes in Houston had an average of 39 days on market in Mar 2024, down by 8.7% compared to last year.

Breakdown of Home Sale Times

1,208 Homes Were Sold
Under 30 Days

524 Homes Were Sold
In 30 - 90 Days

274 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.

Summary: During March 2024, 2006 homes were sold in Houston; 60% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 14% 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 11 Days Ago

Newest Listings in Houston, TX

Nearby Markets to Houston, TX

What housing markets are near Houston, TX?