Is Houston, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2021
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
$335,963
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2021
+$16,163(+5.1%)
Key Takeaway
Homes in Houston have sold for 5.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | $129.9K | $143K | +10.1% |
| 2 Bedrooms | $219.8K | $222K | +1.0% |
| 3 Bedrooms | $330.4K | $347K | +5.0% |
| 4 Bedrooms | $382.8K | $410.8K | +7.3% |
| 5+ Bedrooms | $675.2K | $721.5K | +6.9% |
Median Sold Price Compared To Nearby Cities
| Hedwig Village | $1.0M | $1.2M | +26.0% |
| Hunters Creek Village | $1.6M | $1.8M | +11.1% |
| Spring Valley Village | $1.0M | $1.1M | +10.4% |
| Houston | $319.7K | $335.9K | +5.1% |
How many homes are available in Houston, TX?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 6,265 | 6,323 | +0.9% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 259 | 274 | +5.8% |
| 2 Bedrooms | 1,070 | 1,047 | -2.1% |
| 3 Bedrooms | 3,059 | 3,140 | +2.6% |
| 4 Bedrooms | 1,491 | 1,461 | -2.0% |
| 5+ Bedrooms | 386 | 401 | +3.9% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 1,236 | 1,157 | -6.4% |
Asking Price vs. Sold Price
772 Homes Were Sold
Under Asking
229 Homes Were Sold
At Asking
155 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Houston, you may be able to get a good deal. 66.8% of homes here sold below asking price last month.
Average Sale Time
| Dec 2021 | Dec 2022 | % |
|---|---|---|
| 38 Days | 40 Days | +5.7% |
Breakdown of Home Sale Times
655 Homes Were Sold
Under 30 Days
354 Homes Were Sold
In 30 - 90 Days
147 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Houston are selling fast, if you're buying plan to act quickly.
Disclaimer: Certain information contained herein is derived from information which is the property of, and copyrighted by, Houston Realtors Information Service, Inc. The listing information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Copyright© 2023 Houston Realtors Information Service, Inc. All rights reserved.
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