Greater Houston Real Estate

January 2023 Houston Market Conditions

From January 1st to January 31st, 2023

Units Sold:

4,590

Average Sold Price:

$380,715

Average Sold Discount:

7%

Average Price Reduction:

4%

Average DOM:

69

Sold Listings

4,590

-31% from 2022

Average

$380,715

1% from 2022

Typical

$248k to $425k

$243k to $418k in 2022

select any:
2023
2022
2021
2020

Homes Sold per Price Range

A visual price spectrum representation

$2kto$39k$39kto$76k$76kto$113k$113kto$150k$150kto$220k$220kto$290k$290kto$360k$360kto$429k$429kto$499k$499kto$569k$569kto$639k$639kto$709k$709kto$779k$779kto$2.0M$2.0Mto$3.2M$3.2Mto$4.4M$4.4Mto$5.7M
2023636841025161,13597361835922314298682091551
20225331271607741,7551,347885500274187145982762573

Average

$167

3% from 2022

Typical

$134 to $181

$127 to $176 in 2022

select any:
2023
2022
2021
2020

Number of Homes Sold by Sold Price per Square Foot

Breaking down the market by $/SF ranges

$1to$25$25to$50$50to$74$74to$99$99to$118$118to$138$138to$158$158to$178$178to$198$198to$218$218to$238$238to$258$258to$278$278to$463$463to$648$648to$833$833to$1,019
2023213451693637651,04191551123814282591962652
202248672727761,4191,4341,053571285169107832904764

Avg Days to Sell

69

56% from 2022

Typical Days to Sell

15 to 97

5 to 57 in 2022

select any:
2023
2022
2021
2020

Days on the Market Distribution

The number of homes sold in each DOM range

to2424to4747to7171to9595to119119to142142to166166to190190to214214to369369to525525to680680to836
20231,531816604437323269191110791952663
20223,72597656037129021515093759931163

Avgerage

4%

262% from 2022

Typical

0% to 7%

0% to 7% in 2022

select any:
2023
2022
2021
2020

Price Reduction Distribution

Shows the number of homes within each price reduction bracket. If you were clothes shopping, this would be like counting how many shirts were on each of the various clearance racks (5%, 10%, etc.)

-44%to-33%-33%to-22%-22%to-11%-11%to0%0%to2%2%to4%4%to5%5%to7%7%to9%9%to11%11%to12%12%to14%14%to16%16%to24%24%to32%32%to40%40%to48%
20233231092,4033563203172291911561581022011774
202213234214,79042936117711292583533411321

Average

7%

286% from 2022

Typical

1% to 11%

-1% to 4% in 2022

select any:
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-41%to-32%-32%to-22%-22%to-12%-12%to-2%-2%to1%1%to3%3%to6%6%to8%8%to11%11%to13%13%to16%16%to18%18%to21%21%to28%28%to35%35%to43%43%to50%
2023471420479970965259844432424620214217725218
2022210721,3451,9091,1758334832751841125148542582

Avgerage

3%

319% from 2022

Typical

0% to 5%

to 3% in 2022

select any:
2023
2022
2021
2020

Negotiated Discounts from Final List Price

The percentage difference between final list price and closed price, distributed

-40%to-31%-31%to-21%-21%to-12%-12%to-2%-2%to0%0%to1%1%to3%3%to4%4%to6%6%to7%7%to9%9%to10%10%to12%12%to22%22%to31%31%to41%41%to50%
202334122091971,470707634432293181123941853672
202217611,2075922,137995603382207123985210917111
select any:
2023
2022
2021
2020

Sold Homes by Month Closed

JanuaryAugustSeptemberOctoberNovemberDecember
20234,5908,4397,7926,7135,9046,503
20226,60510,1819,4408,7518,5689,719
select any:
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20231,7662,4313,7986,2658,80715,093
20221,8872,3523,9066,4698,94315,620
select any:
2023
2022
2021
2020

New Pending Contracts per Month

Tracking the number of homes that go from active to pending, by month

JanuaryFebruaryMarchAprilMayJune
20231,2706149221,0471,4953,325
20221,3285969451,2501,6414,145
select any:
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$64k$85k$105k$126k$146k$166k$187k$208k$229k$250k$271k$292k$313k$334k$355k$377k$398k$419k$440k$461k$482k$503k$524k$779k$1.3M$1.8M$2.2M$2.7M$3.2M$3.7M
202312959534243425252525560616974718282847078907490848410931132155164
20223952563427333626272933373343385044504553516161669790180141111285
select any:
2023
2022
2021
2020

Average Days to Sell versus Price per Square Foot

A closer look at how price bracket impacts the market pace

$37.37$49.71$62.05$74.4$86.74$99.08$111.43$120.46$126.18$131.91$137.63$143.35$149.08$154.8$160.52$166.24$171.97$177.69$183.41$189.14$194.86$200.58$206.3$258.07$355.87$453.68$551.48$649.29$747.09
20237164554772626059656263686564646266716674948380808595809236
202296341444034313030303135353438404252586659687479649598189436
select any:
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

5576667768869951,1051,2151,3251,4371,5481,6591,7711,8821,9932,1052,2162,3272,4392,5502,6612,7732,8842,9953,4704,3085,1475,9856,8237,6628,500
2023218346664859505459556769626371667765778377757684789111414091148
20223445644550343934333537413941464342494041385150546892149121111140
select any:
2023
2022
2021
2020

Year Built versus Time-to-Sell

Buyer demand trends from the Roaring Twenties to modern marvels

18961909192219351948196119751983198519881990199319961998200120032006200920112014201620192022
20239869447961635938445252616558616659476264565994
20225339649859533733303634373533373734363136352871
select any:
2023
2022
2021
2020

Average Days-to-Sell for Each Month

JanuaryAugustSeptemberOctoberNovemberDecember
2023693240465264
2022443335374143
select any:
2023
2022
2021
2020

Price per Square Foot versus Total Sq Ft

The correlation between total home size and sold price per square foot

5436267087918749561,0391,1421,2651,3881,5111,6341,7581,8812,0042,1272,2502,3732,4972,6202,7432,8662,9893,4704,3085,1475,9856,8237,6628,500
2023$317$200$147$205$203$164$182$170$170$167$171$166$167$161$162$158$162$151$158$153$152$162$167$173$183$218$308$258$319$283
2022$239$177$196$178$177$170$161$179$179$165$166$162$160$159$157$151$153$157$150$145$143$150$161$161$189$241$240$325$538$470

Available Units

9,377

Total Sold

1,358

Average

7%

286% from 2022

Typical Discount

1% to 11%

-1% to 4% in 2022

New Construction Homes

All new homes data is limited to homes actually listed on the Houston MLS (thus it does not include most to-be-built sales.)
From January 1st to January 31st, 2023

Units Sold:

1,358

Average Sold Price:

$397,165

Average Sold Discount:

9%

Average Price Reduction:

6%

Average DOM:

92

Sold Listings

1,358

3% from 2022

Average

$397,165

-1% from 2022

Typical

$279k to $435k

$281k to $433k in 2022

select any:
2023
2022
2021
2020

New Homes Sold per Price Range

A visual price spectrum representation

$150kto$169k$169kto$187k$187kto$206k$206kto$225k$225kto$277k$277kto$329k$329kto$381k$381kto$434k$434kto$486k$486kto$538k$538kto$590k$590kto$642k$642kto$694k$694kto$1.6M$1.6Mto$2.5M$2.5Mto$3.4M$3.4Mto$4.3M
20232320372753002251441175250382757821
20222511372462662451761145047322254621

Average

$176

2% from 2022

Typical

$150 to $186

$144 to $185 in 2022

select any:
2023
2022
2021
2020

Number of New Homes Sold by Sold Price per Square Foot

Breaking down the market by $/SF ranges

$93to$103$103to$112$112to$121$121to$130$130to$143$143to$155$155to$168$168to$181$181to$194$194to$206$206to$219$219to$232$232to$245$245to$358$358to$471$471to$584$584to$697
202314135015022126123216483553419422042
2022831661962072182031378658341346812

Avg Days to Sell

92

28% from 2022

Typical Days to Sell

26 to 137

11 to 109 in 2022

select any:
2023
2022
2021
2020

Days on the Market Distribution - New Homes

The number of homes sold in each DOM range

to2828to5656to8484to112112to139139to167167to195195to223223to251251to334334to416416to499499to581
202335823417613612296606047501243
20225192081401341037363341119354

Avgerage

6%

835% from 2022

Typical

0% to 11%

0% to 1% in 2022

select any:
2023
2022
2021
2020

Price Reduction Distribution

Shows the number of homes within each price reduction bracket. If you were clothes shopping, this would be like counting how many shirts were on each of the various clearance racks (5%, 10%, etc.)

-44%to-33%-33%to-22%-22%to-11%-11%to0%0%to2%2%to4%4%to6%6%to8%8%to10%10%to12%12%to14%14%to16%16%to17%17%to21%21%to24%24%to28%28%to31%
202312654477711212811998969055491621
2022122697341168652241683

Average

9%

386% from 2022

Typical

3% to 14%

3% to 4% in 2022

select any:
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-38%to-29%-29%to-19%-19%to-10%-10%to0%0%to2%2%to4%4%to7%7%to9%9%to11%11%to14%14%to16%16%to19%19%to21%21%to24%24%to27%27%to30%30%to33%
20231236222612715314215212811710077521231
202241124757120013380392293

Avgerage

3%

147% from 2022

Typical

0% to 5%

0% to 2% in 2022

select any:
2023
2022
2021
2020

Negotiated Discounts from Final Builder List Price

The percentage difference between final list price and closed price, distributed

-15%to-12%-12%to-8%-8%to-4%-4%to0%0%to1%1%to2%2%to4%4%to5%5%to6%6%to8%8%to9%9%to10%10%to12%12%to16%16%to19%19%to23%23%to27%
202317104953417013514094653531193915113
2022511118650217140824024911351
select any:
2023
2022
2021
2020

New Homes Sold Homes by Month Closed

JanuaryAugustSeptemberOctoberNovemberDecember
20231,3581,6331,7561,6871,7042,250
20221,3201,4691,3971,3871,5682,092
select any:
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20238961,1471,8762,8253,6244,146
20228211,0651,8832,8613,4234,011
select any:
2023
2022
2021
2020

New Pending Contracts per Month

Tracking the number of homes that go from active to pending, by month

JanuaryFebruaryMarchAprilMayJune
20234543975737091,0081,566
20223233715949011,1011,708
select any:
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$159k$187k$201k$215k$229k$243k$259k$277k$295k$313k$332k$350k$368k$386k$404k$422k$440k$458k$477k$495k$513k$531k$784k$1.3M$1.8M$2.7M
202310554304238875579738599871061231211057711711911386114116143105165
20222517154172534394962617565737978667878618799786896206191461237471
select any:
2023
2022
2021
2020

Average Days to Sell versus Price per Square Foot

A closer look at how price bracket impacts the market pace

$107.2$112.26$117.32$122.38$127.44$132.5$137.56$142.27$146.63$150.99$155.36$159.72$164.08$168.45$172.81$177.17$181.53$185.9$190.26$194.62$198.99$203.35$207.71$240.39$301.37$362.36$423.34$484.33$545.31$606.3
202350384358698782106818473927492829390891131201041031211001251065921090300
20227557022313444547370696075695361628596918376849218010447223
select any:
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

8129121,0121,2111,3111,4111,5071,6001,6931,7851,8781,9712,0632,1562,2492,3422,4342,5272,6202,7122,8052,8983,2803,9534,6255,2985,971
20237964865516664928987699810310184113681141051161121021211181145274
20229127493032364267727056896666768469957960564211889124140129274
select any:
2023
2022
2021
2020

Average Days-to-Sell for Each Month

JanuaryAugustSeptemberOctoberNovemberDecember
2023926164687588
2022726965666769
select any:
2023
2022
2021
2020

Price per Square Foot versus Total Sq Ft

The correlation between total home size and sold price per square foot

8018801,0371,1931,2721,3621,4641,5661,6681,7701,8721,9742,0762,1792,2812,3832,4852,5872,6892,7912,8933,2803,9534,6255,2985,971
2023$384$170$173$186$195$180$181$183$171$177$163$174$163$163$161$162$178$167$162$151$159$195$186$274$348$697
2022$167$181$161$197$188$198$185$176$173$172$172$169$178$164$166$162$159$162$185$150$154$139$177$180$208$225$380$262

Available Units

9,377

Total Sold

1,358

Average

9%

386% from 2022

Typical Discount

3% to 14%

3% to 4% in 2022

Available Units

9,377

Total Sold

1,358

About Our Data

All analysis, rankings, ratings, and throughout this site are generated by us here at Icon Real Estate. All raw data comes from the Houston Association of Realtors (HAR, HRIS) – but you're not viewing raw data. We track, categorize, analyze, and rank everything from zip codes to school zones based on geographic (boundary) data that is either (a) provided by local jurisdictions, (b) purchased from third-party sources, or (c) hand-drawn by our team.

Builder statistics rely heavily on our local knowledge and familiarity with the marketing (listing) practices of major local builders. It's not an exact science, but we're pretty accurate in assigning listings to the correct builder. We leverage a bit of AI in that process as well.

It's all good stuff, and we're pretty confident you'll find it useful. But just FYI - no warranties or guarantees. Let us know if you're looking for something you don't see here.