How's the market in your area?

Houston, TX

Single-Family Homes

Dixie Hightower | (832) 626-4540 | www.buyandsellhomeswithus.com



Houston, TX

Sun Jul 14 2024
This week the median list price for Houston, TX is $374,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has increased to 6,723. 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 started cooling and prices have been flat for several weeks. Since 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

Sun Jul 14 2024
This week the median list price for Houston, TX is $374,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has increased to 6,723. 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 started cooling and prices have been flat for several weeks. Since 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 $374,000
Median Price of New Listings $364,949
Per Square Foot $189
Average Days on Market 100
Median Days on Market 56
Price Decreased 44%
Price Increased 5%
Relisted 19%
Inventory 6,723
Median Rent
Market Action 36
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
$900,000 3,331 6,500 - 8,000 sqft 4 3.5 22 179 156 63
$445,000 2,199 4,500 - 6,500 sqft 3 2.5 17 187 173 56
$325,000 1,896 4,500 - 6,500 sqft 3 2.5 20 191 194 56
$238,500 1,471 6,500 - 8,000 sqft 3 2 50 213 254 49