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The Houston housing market is moderately competitive. On average, homes in Houston receive two offers and sell within approximately 44 days. Last month, the median home sale price reached $352,000, marking an 8.2% increase from the previous year. The median price per square foot is now $181, up 1.7% year-over-year.
Median Sale Price
Median Sale Price per Sq. Ft.
Total Homes Sold
Median Days on Market
In September 2024, Houston home prices rose by 8.2% year-over-year, with the median sale price reaching $352,000. Homes in Houston are now spending an average of 44 days on the market, a significant increase from 30 days last year, indicating a slight cooling in the pace of sales. Additionally, the number of homes sold in September decreased to 1,569, down from 1,754 in the same month last year. This decline in sales volume, coupled with longer listing times, may suggest a shift in market dynamics where rising prices are potentially tempering buyer demand, leading to a more balanced or slightly slower-paced market.
The Houston market shows moderate competition, with homes generally selling in about 39 days. While some properties attract multiple offers, most homes sell for approximately 3% below the listing price and go under contract within around 39 days. However, "hot" properties—those in high demand—can sell closer to the list price and go under contract much faster, in as little as 12 days. This variation highlights a balanced market overall, with particularly desirable or well-priced homes still attracting quick offers and rapid sales.
Nationwide, 1% of homebuyers are considering relocating to Houston from other metropolitan areas. Among these potential movers, interest is highest from Los Angeles, followed by Dallas and San Francisco. This trend underscores Houston's appeal as a destination for people looking to relocate, with particular interest from high-cost and high-density metros like Los Angeles and San Francisco, likely drawn by Houston’s comparatively affordable housing and strong job market.
When considering buying a home in Houston, TX, there are several critical factors to keep in mind. Here’s a detailed overview of the top considerations, designed to help you understand the unique aspects of the Houston market. Feel free to reach out to us for further details or to schedule a showing if you're ready to take the next step!
Whether you’re just starting to explore your options or are ready to schedule showings, we’re here to help you every step of the way. Our team has deep insights into the Houston market, and we’re committed to finding the right property that fits your needs and budget. Reach out with any questions you have—no matter how big or small—and let’s make your dream of owning a home in Houston a reality!
Our comprehensive Houston, TX Neighborhood Guide gives you insider details on the city’s most popular areas, from school districts and local amenities to property types and lifestyle vibes. Whether you’re looking for a family-friendly suburb, a bustling urban scene, or a quiet retreat, our guide has everything you need to find the community that best fits your lifestyle. Start exploring now and get one step closer to finding your ideal neighborhood in Houston!
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