HOUSE X REPORT ™

Houston, TX

Single-Family Homes

{a member of House X Real Estate Network}



Houston, TX

Sat Sep 30 2023
This week the median list price for Houston, TX is $375,000 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has increased to 5,368. Click here to stay informed with the Houston market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Houston, TX

Sat Sep 30 2023
This week the median list price for Houston, TX is $375,000 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has increased to 5,368. Click here to stay informed with the Houston market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $375,000
Median Price of New Listings $350,000
Per Square Foot $193
Average Days on Market 93
Median Days on Market 56
Price Decreased 44%
Price Increased 5%
Relisted 20%
Inventory 5,368
Median Rent
Market Action 39
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$946,250 3,378 6,500 - 8,000 sqft 4 3.5 17 141 101 70
$447,595 2,185 4,500 - 6,500 sqft 3 2.5 16 170 118 56
$325,000 1,943 4,500 - 6,500 sqft 3 2.5 20 170 135 56
$237,995 1,472 6,500 - 8,000 sqft 3 2 52 196 195 42