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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Humble is a neutral's market

Buyer's
Market

Difference Since August 2023

At the same time last year, Humble was a Seller's Market.

Key Takeaway

Humble 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 Humble, TX

How much do homes in Humble, TX cost?

Median Sold Price

$300,106

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$781(+0.3%)

Key Takeaway

The sold price of homes in Humble has remained the same since last year.

Summary: The median home sold price in Humble was $300,106 in August 2024, up 0.3% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $195K$220K
+12.8%
2 $192K$180K
-6.3%
3 $250K$259.8K
+3.9%
4 $330K$335K
+1.5%
5+ $439.9K$445.7K
+1.3%

Summary: Humble housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.8%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 1.3%.

Median Sold Price Compared To Nearby Cities

Houston
+1.4%
Humble
0.3%
Southeast Montgomery
-0.2%

Housing Supply in Humble, TX

How many homes are available in Humble, TX?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
721783+8.6%

Summary: The Humble real estate market had 783 homes for sale in August 2024, a 8.6% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 11
0.0%
2 1421
+50.0%
3 284300
+5.6%
4 350389
+11.1%
5+ 7272
0.0%

Summary: The Humble housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
176126-28.4%

Asking Price vs. Sold Price

75 Homes Were Sold
Under Asking

33 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Humble, you may be able to get a good deal. 59.5% of homes here sold below asking price last month.

Summary: A total of 126 homes were sold or pending in Humble in August 2024, down by 28.4% month-over-month. Of the 126 sold homes, 60% were sold under asking, 26% were sold at asking, and 14% were sold over asking.

Days on Market for Humble, TX

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

Average Sale Time

Aug 2023Aug 2024CHANGE
32 Days39 Days+21.7%

Summary: Homes in Humble had an average of 39 days on market in Aug 2024, up by 21.7% compared to last year.

Breakdown of Home Sale Times

62 Homes Were Sold
Under 30 Days

52 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2024, 126 homes were sold in Humble; 49% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 10% 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 16 Days Ago

Newest Listings in Humble, TX

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