Is Lake Houston, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lake Houston was a Seller's Market.
Key Takeaway
Lake 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 Lake Houston, TX
How much do homes in Lake Houston, TX cost?
Median Sold Price
$364,666
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lake Houston have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in Lake Houston was $364,666 in April 2024, down 2.8% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $250K | N/A |
| 2 Bedrooms | $217.5K | $300K | +37.9% |
| 3 Bedrooms | $305K | $270K | -11.5% |
| 4 Bedrooms | $420K | $408.5K | -2.7% |
| 5+ Bedrooms | $550K | $542.5K | -1.4% |
Summary: Lake Houston housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 37.9%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Kingwood Area | $339.6K | $346.5K | +2.0% |
| Kingwood | $352.3K | $350.1K | -0.6% |
| Lake Houston | $375K | $364.6K | -2.8% |
Housing Supply in Lake Houston, TX
How many homes are available in Lake Houston, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 125 | 161 | +28.8% |
Summary: The Lake Houston real estate market had 161 homes for sale in April 2024, a 28.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 35 | 54 | +54.3% |
| 4 Bedrooms | 64 | 81 | +26.6% |
| 5+ Bedrooms | 23 | 22 | -4.3% |
Summary: The Lake Houston housing inventory by bedroom type for April 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 54.3%, 4 bedroom homes increased by 26.6%, and 5+ bedroom homes decreased by 4.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 27 | +42.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Houston, you may be able to get a good deal. 59.3% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Lake Houston in April 2024, up by 42.1% month-over-month. Of the 27 sold homes, 59% were sold under asking, 37% were sold at asking, and 4% were sold over asking.
Days on Market for Lake Houston, TX
How long does it take to sell a home in Lake Houston, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 59 Days | 49 Days | -15.9% |
Summary: Homes in Lake Houston had an average of 49 days on market in Apr 2024, down by 15.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Houston are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 27 homes were sold in Lake Houston; 52% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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