Is North 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, North Houston was a Seller's Market.
Key Takeaway
North 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 North Houston, TX
How much do homes in North Houston, TX cost?
Median Sold Price
$348,681
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in North Houston have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in North Houston was $348,681 in April 2024, up 7.6% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82.4K | $125K | +51.6% |
| 2 Bedrooms | $165K | $170K | +3.0% |
| 3 Bedrooms | $319.9K | $344.8K | +7.8% |
| 4 Bedrooms | $390K | $460K | +17.9% |
| 5+ Bedrooms | $840K | $1.1M | +36.9% |
Summary: North Houston housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.6%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 36.9%.
Median Sold Price Compared To Nearby Neighborhoods
| North Houston | $324.1K | $348.6K | +7.6% |
| Hidden Valley | $222.5K | $235K | +5.6% |
| Northside / Northline | $223K | $235K | +5.4% |
| Acres Home | $297K | $312.5K | +5.2% |
| Greater Inwood | $228K | $218K | -4.4% |
Housing Supply in North Houston, TX
How many homes are available in North Houston, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 896 | 1,070 | +19.4% |
Summary: The North Houston real estate market had 1,070 homes for sale in April 2024, a 19.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 13 | +18.2% |
| 2 Bedrooms | 94 | 113 | +20.2% |
| 3 Bedrooms | 556 | 689 | +23.9% |
| 4 Bedrooms | 177 | 194 | +9.6% |
| 5+ Bedrooms | 58 | 61 | +5.2% |
Summary: The North Houston housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 20.2%, 3 bedroom homes increased by 23.9%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 5.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 159 | 154 | -3.1% |
Asking Price vs. Sold Price
83 Homes Were Sold
Under Asking
49 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Houston, you may be able to get a good deal. 53.9% of homes here sold below asking price last month.
Summary: A total of 154 homes were sold or pending in North Houston in April 2024, down by 3.1% month-over-month. Of the 154 sold homes, 54% were sold under asking, 32% were sold at asking, and 14% were sold over asking.
Days on Market for North Houston, TX
How long does it take to sell a home in North Houston, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 45 Days | 44 Days | -3.0% |
Summary: Homes in North Houston had an average of 44 days on market in Apr 2024, down by 3% compared to last year.
Breakdown of Home Sale Times
93 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Houston are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 154 homes were sold in North Houston; 60% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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