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 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

# BEDSDec 2021Dec 2022%
1 $129.9K$143K
+10.1%
2 $219.8K$222K
+1.0%
3 $330.4K$347K
+5.0%
4 $382.8K$410.8K
+7.3%
5+ $675.2K$721.5K
+6.9%

Median Sold Price Compared To Nearby Cities

Hedwig Village
+26.0%
Hunters Creek Village
+11.1%
Spring Valley Village
+10.4%
Houston
+5.1%

How many homes are available in Houston, TX?

Number of Homes For Sale

Nov 2022Dec 2022%
6,2656,323+0.9%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 259274
+5.8%
2 1,0701,047
-2.1%
3 3,0593,140
+2.6%
4 1,4911,461
-2.0%
5+ 386401
+3.9%

Number of Homes Sold

Nov 2022Dec 2022%
1,2361,157-6.4%

Asking Price vs. Sold Price

772 Homes Were Sold
Under Asking

229 Homes Were Sold
At Asking

155 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2021Dec 2022%
38 Days40 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

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Houston, TX

Houston, TX has 6,323 homes on the market. The number of listings in Houston, TX increased by 0.9% between November 2022 and December 2022. The median list price of listings available in December 2022 was $335,963, while the average time on the real estate market was 40 days. Real estate listing prices changed between November 2022 and December 2022: prices of 1 bedroom properties increased by 10.1%, the cost of 2 bedrooms properties went up by 1%, 3 bedrooms properties became 5% more expensive, the cost of 4 bedrooms properties went up by 7.3%, prices of 5 bedrooms properties increased by 6.9%. Housing inventory have changed in this real estate market: 1 bedroom homes became 5.8% more available, number of 2 bedrooms homes decreased by 2.1%, volume of 3 bedrooms homes went up by 2.6%, 4 bedrooms homes inventory decreased by 2%, 5 bedrooms homes became 3.9% more available. In December 2022, from all listings sold in Houston, TX there were more than 155 sold above asking price, over 772 sold below and more than 229 were sold right at the asked price.

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