HOUSE X REPORT ™

Houston, TX

Single-Family Homes

{a member of House X Real Estate Network}



Houston, TX

Tue Jul 16 2024
This week the median list price for Houston, TX is $370,590 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has increased to 6,810. 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

Tue Jul 16 2024
This week the median list price for Houston, TX is $370,590 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has increased to 6,810. 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 $370,590
Median Price of New Listings $359,999
Per Square Foot $188
Average Days on Market 101
Median Days on Market 63
Price Decreased 44%
Price Increased 5%
Relisted 19%
Inventory 6,810
Median Rent
Market Action 35
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$899,000 3,300 6,500 - 8,000 sqft 4 3.5 22 135 124 70
$439,990 2,193 6,500 - 8,000 sqft 3 2.5 17 184 154 56
$325,000 1,894 4,500 - 6,500 sqft 3 2.5 21 165 148 56
$236,936 1,484 6,500 - 8,000 sqft 3 2 49 185 158 56