RealTrends Market Report

Houston, TX

Single-Family Homes

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Houston, TX

Tue Oct 15 2024
This week the median list price for Houston, TX is $360,000 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 7,123. 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

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Houston, TX

Tue Oct 15 2024
This week the median list price for Houston, TX is $360,000 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 7,123. 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

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $360,000
Median Price of New Listings $330,000
Per Square Foot $185
Average Days on Market 112
Median Days on Market 70
Price Decreased 45%
Price Increased 4%
Relisted 23%
Inventory 7,123
Median Rent
Market Action 32
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
$810,000 3,142 6,500 - 8,000 sqft 4 3.5 19 142 227 91
$420,000 2,141 4,500 - 6,500 sqft 3 2.5 17 158 198 63
$318,000 1,898 4,500 - 6,500 sqft 3 2.5 22 170 222 63
$229,000 1,450 4,500 - 6,500 sqft 3 2 52 203 277 63