Is Houston, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Houston was a Seller's Market.
Key Takeaway
Houston is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Houston, TX
How much do homes in Houston, TX cost?
Median Sold Price
$315,503
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
The sold price of homes in Houston has remained the same since last year.
Summary: The median home sold price in Houston was $315,503 in June 2024, up 0.1% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140.2K | $133.9K | -4.5% |
| 2 Bedrooms | $209.8K | $216.8K | +3.4% |
| 3 Bedrooms | $304.9K | $299.8K | -1.7% |
| 4 Bedrooms | $369K | $360K | -2.4% |
| 5+ Bedrooms | $626.2K | $592.4K | -5.4% |
Summary: Houston housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.5%, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 5.4%.
Median Sold Price Compared To Nearby Cities
| Hunters Creek Village | $1.8M | $3.0M | +67.1% |
| Houston | $315.2K | $315.5K | 0.1% |
| Spring Valley Village | $1.2M | $1.2M | -0.6% |
Housing Supply in Houston, TX
How many homes are available in Houston, TX?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 11,421 | 12,916 | +13.1% |
Summary: The Houston real estate market had 12,916 homes for sale in June 2024, a 13.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 418 | 503 | +20.3% |
| 2 Bedrooms | 1,660 | 1,859 | +12.0% |
| 3 Bedrooms | 5,471 | 6,110 | +11.7% |
| 4 Bedrooms | 2,972 | 3,416 | +14.9% |
| 5+ Bedrooms | 900 | 1,028 | +14.2% |
Summary: The Houston housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20.3%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 14.2%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 2,490 | 2,002 | -19.6% |
Asking Price vs. Sold Price
1,171 Homes Were Sold
Under Asking
467 Homes Were Sold
At Asking
364 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Houston, you may be able to get a good deal. 58.5% of homes here sold below asking price last month.
Summary: A total of 2,002 homes were sold or pending in Houston in June 2024, down by 19.6% month-over-month. Of the 2,002 sold homes, 58% were sold under asking, 23% were sold at asking, and 18% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 32 Days | 33 Days | +5.5% |
Summary: Homes in Houston had an average of 33 days on market in Jun 2024, up by 5.5% compared to last year.
Breakdown of Home Sale Times
1,304 Homes Were Sold
Under 30 Days
520 Homes Were Sold
In 30 - 90 Days
178 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Houston are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 2002 homes were sold in Houston; 65% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
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