Is Humble, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Humble has remained a Seller's Market.
Key Takeaway
Humble is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Humble, TX
How much do homes in Humble, TX cost?
Median Sold Price
$300,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Humble have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Humble was $300,000 in March 2024, up 5.3% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $172.5K | -13.8% |
| 2 Bedrooms | $135K | $192K | +42.2% |
| 3 Bedrooms | $249.9K | $254.5K | +1.8% |
| 4 Bedrooms | $319.3K | $332.7K | +4.2% |
| 5+ Bedrooms | $435K | $460K | +5.7% |
Summary: Humble housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.8%, 2 bedroom homes increased by 42.2%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
| Humble | $285K | $300K | +5.3% |
| Houston | $329K | $314.7K | -4.4% |
| Southeast Montgomery | $372.3K | $356K | -4.4% |
Housing Supply in Humble, TX
How many homes are available in Humble, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 691 | 769 | +11.3% |
Summary: The Humble real estate market had 769 homes for sale in March 2024, a 11.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 21 | +40.0% |
| 3 Bedrooms | 270 | 294 | +8.9% |
| 4 Bedrooms | 321 | 361 | +12.5% |
| 5+ Bedrooms | 85 | 93 | +9.4% |
Summary: The Humble housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 9.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 129 | 136 | +5.4% |
Asking Price vs. Sold Price
80 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Humble, you may be able to get a good deal. 59.3% of homes here sold below asking price last month.
Summary: A total of 136 homes were sold or pending in Humble in March 2024, up by 5.4% month-over-month. Of the 135 sold homes, 59% were sold under asking, 27% were sold at asking, and 13% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 43 Days | -21.7% |
Summary: Homes in Humble had an average of 43 days on market in Mar 2024, down by 21.7% compared to last year.
Breakdown of Home Sale Times
72 Homes Were Sold
Under 30 Days
46 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Humble are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 136 homes were sold in Humble; 53% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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