Is Denver Harbor / Port Houston, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Denver Harbor / Port Houston was a Seller's Market.
Key Takeaway
Denver Harbor / Port 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 Denver Harbor / Port Houston, TX
How much do homes in Denver Harbor / Port Houston, TX cost?
Median Sold Price
$192,500
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Denver Harbor / Port Houston have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Denver Harbor / Port Houston was $192,500 in May 2024, down 1.3% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $142K | $145K | +2.1% |
| 3 Bedrooms | $220K | $185K | -15.9% |
| 4 Bedrooms | $222.5K | $230K | +3.4% |
| 5+ Bedrooms | $215.2K | $275K | +27.8% |
Summary: Denver Harbor / Port Houston housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 15.9%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 27.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Second Ward | $385K | $390K | +1.3% |
| Denver Harbor / Port Houston | $195K | $192.5K | -1.3% |
| Pleasantville Area | $180K | $177.5K | -1.4% |
| Greater Fifth Ward | $344.9K | $335K | -2.9% |
Housing Supply in Denver Harbor / Port Houston, TX
How many homes are available in Denver Harbor / Port Houston, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 32 | +23.1% |
Summary: The Denver Harbor / Port Houston real estate market had 32 homes for sale in May 2024, a 23.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 18 | 22 | +22.2% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Denver Harbor / Port Houston housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Denver Harbor / Port Houston, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Denver Harbor / Port Houston in May 2024, up by 400.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Denver Harbor / Port Houston, TX
How long does it take to sell a home in Denver Harbor / Port Houston, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 85 Days | 51 Days | -39.8% |
Summary: Homes in Denver Harbor / Port Houston had an average of 51 days on market in May 2024, down by 39.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Denver Harbor / Port Houston has remained consistent over time.
Summary: During May 2024, 5 homes were sold in Denver Harbor / Port Houston; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.