Greater Houston Real Estate

October 2023 Houston Market Conditions

From October 1st to October 31st, 2023

Units Sold:

6,267

Average Sold Price:

$406,873

Average Sold Discount:

5%

Average Price Reduction:

2%

Average DOM:

59

Sold Listings

6,267

-7% from 2022

Average

$406,873

1% from 2022

Typical

$260k to $448k

$257k to $446k in 2022

select any:
2023
2022
2021
2020

Homes Sold per Price Range

A visual price spectrum representation

$4kto$45k$45kto$85k$85kto$126k$126kto$166k$166kto$243k$243kto$320k$320kto$397k$397kto$474k$474kto$552k$552kto$629k$629kto$706k$706kto$783k$783kto$860k$860kto$2.3M$2.3Mto$3.7M$3.7Mto$5.1M$5.1Mto$6.5M
20234281101728721,7681,22270343725519896852921933
2022491162289691,8211,271805466288206126782641743

Average

$177

1% from 2022

Typical

$140 to $191

$138 to $190 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$28$28to$55$55to$81$81to$108$108to$130$130to$151$151to$173$173to$194$194to$216$216to$237$237to$259$259to$280$280to$302$302to$485$485to$668$668to$851$851to$1,034
202326642417111,3311,49095053429515898642554972
202216772927571,3991,5421,119569305162956924641111

Avg Days to Sell

59

29% from 2022

Typical Days to Sell

9 to 75

8 to 62 in 2022

select any:
2023
2022
2021
2020

Days on the Market Distribution

The number of homes sold in each DOM range

to2323to4747to7070to9494to117117to141141to164164to188188to211211to441441to672672to902902to1,132
20232,7181,09877047134022715793782674521
20223,1741,2558615383381811086450126871

Avgerage

2%

-3% from 2022

Typical

0% to 4%

0% to 4% 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.)

-29%to-22%-22%to-14%-14%to-7%-7%to0%0%to1%1%to3%3%to4%4%to5%5%to6%6%to8%8%to9%9%to10%10%to11%11%to21%21%to30%30%to39%39%to48%
202343142503,5924164053322952061731281252693464
2022410362513,8713583803672532352151571313793651

Average

5%

2% from 2022

Typical

0% to 8%

0% to 8% in 2022

select any:
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-44%to-33%-33%to-23%-23%to-13%-13%to-2%-2%to0%0%to2%2%to4%4%to6%6%to8%8%to10%10%to12%12%to14%14%to16%16%to25%25%to33%33%to41%41%to50%
202335222834181,6491,01980762444930621913122865137
202229214364901,73899072863748334125919628554116

Avgerage

2%

9% from 2022

Typical

0% to 4%

0% to 4% 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

-44%to-33%-33%to-23%-23%to-13%-13%to-3%-3%to-1%-1%to0%0%to2%2%to3%3%to5%5%to6%6%to8%8%to9%9%to10%10%to19%19%to28%28%to37%37%to46%
202333172912651,92178197673140926317811125040168
202237153603632,08082196172245831018814223131103
select any:
2023
2022
2021
2020

Sold Homes by Month Closed

MayJuneJulyAugustSeptemberOctober
20238,7218,8177,6028,0006,8796,267
20229,8599,9418,3438,4397,7926,713
select any:
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20232,6144,1998,02412,12314,27317,276
20222,5833,8237,45813,59815,40718,597
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
20233558562,4917,8439,3329,632
20226091,2092,9348,71510,31510,025
select any:
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$64k$87k$110k$134k$157k$180k$203k$226k$248k$270k$293k$315k$337k$359k$381k$404k$426k$448k$470k$492k$515k$537k$559k$804k$1.3M$1.7M$2.2M$2.7M$3.1M$3.6M
202346364040515341404051505970677169616569806173606672821026453329
2022435544304349313233353841464849495654514856495555587155211133113
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

$42.35$57.07$71.79$86.5$101.22$115.93$126.31$132.35$138.39$144.43$150.47$156.51$162.55$168.59$174.63$180.67$186.71$192.75$198.79$204.83$210.87$216.9$275.35$386.2$497.05$607.9$718.75$829.6
2023953253345457575952535552595660566970644866666569761215411
20222934865032443943394141413938434542495251505448555752815148118
select any:
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

5786918049171,0301,1431,2561,3671,4781,5881,6991,8101,9202,0312,1412,2522,3632,4732,5842,6942,8052,9163,0263,5434,4665,3886,3117,2348,1579,080
2023365061525139404842585254626167546366616867546866737814410255134
20222444414444413338364440414147474349515647445159495362779416497
select any:
2023
2022
2021
2020

Year Built versus Time-to-Sell

Buyer demand trends from the Roaring Twenties to modern marvels

1872190619231940195719741984198719891992199519972000200220052007201020122015201820202023+
2023771135278524544373333534646484559484350556183
20222044347251443633352732373940373938353442383667
select any:
2023
2022
2021
2020

Average Days-to-Sell for Each Month

MayJuneJulyAugustSeptemberOctober
2023625854545759
2022343228324046
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

5646497348209059901,0761,1801,3021,4251,5481,6701,7931,9162,0382,1612,2842,4072,5292,6522,7752,8973,0203,5434,4665,3886,3117,2348,1579,080
2023$295$195$205$226$179$193$205$194$175$174$177$172$171$169$168$162$164$167$167$160$170$178$176$185$210$240$282$429$237$439
2022$207$214$217$209$207$182$187$184$173$184$170$171$175$171$165$169$169$164$161$163$165$163$166$178$210$239$260$273$374$587

Available Units

9,391

Total Sold

1,809

Average

5%

2% from 2022

Typical Discount

0% to 8%

0% to 8% 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 October 1st to October 31st, 2023

Units Sold:

1,809

Average Sold Price:

$395,608

Average Sold Discount:

5%

Average Price Reduction:

3%

Average DOM:

84

Sold Listings

1,809

7% from 2022

Average

$395,608

-7% from 2022

Typical

$290k to $439k

$300k to $462k in 2022

select any:
2023
2022
2021
2020

New Homes Sold per Price Range

A visual price spectrum representation

$135kto$159k$159kto$182k$182kto$206k$206kto$230k$230kto$282k$282kto$334k$334kto$387k$387kto$439k$439kto$491k$491kto$543k$543kto$596k$596kto$648k$648kto$700k$700kto$1.5M$1.5Mto$2.2M$2.2Mto$3.0M$3.0Mto$3.8M
20232616653173983412121378764363782711
20224113472413463162271399469424489741

Average

$177

-4% from 2022

Typical

$150 to $193

$158 to $197 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

$94to$102$102to$111$111to$119$119to$128$128to$140$140to$153$153to$166$166to$178$178to$191$191to$203$203to$216$216to$228$228to$241$241to$332$332to$423$423to$514$514to$605
20235621591842392663202241531157749641953
202215218820227130525719311564558210103

Avg Days to Sell

84

23% from 2022

Typical Days to Sell

16 to 114

13 to 99 in 2022

select any:
2023
2022
2021
2020

Days on the Market Distribution - New Homes

The number of homes sold in each DOM range

to3333to6767to100100to134134to167167to201201to234234to268268to301301to387387to473473to558558to644
2023721325223184112684624144332116
202273828624416993642919112010

Avgerage

3%

-4% from 2022

Typical

0% to 6%

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.)

-25%to-19%-19%to-13%-13%to-7%-7%to-2%-2%to0%0%to2%2%to3%3%to5%5%to6%6%to8%8%to10%10%to11%11%to13%13%to19%19%to24%24%to30%30%to36%
20232168277312816412812290978045701641
20223824927158610610399102828052109203

Average

5%

-2% from 2022

Typical

0% to 9%

0% to 10% in 2022

select any:
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-27%to-20%-20%to-14%-14%to-8%-8%to-1%-1%to1%1%to3%3%to5%5%to7%7%to9%9%to11%11%to13%13%to15%15%to16%16%to22%22%to27%27%to32%32%to38%
2023149774012422372141781401046546612253
20223419111407163171145154142104977072192

Avgerage

2%

0% from 2022

Typical

0% to 4%

0% to 4% 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

-18%to-14%-14%to-10%-10%to-6%-6%to-1%-1%to0%0%to1%1%to2%2%to3%3%to5%5%to6%6%to7%7%to8%8%to9%9%to17%17%to24%24%to31%31%to38%
20233624587674124918914685643740711451
20224971597441901541348675462677101
select any:
2023
2022
2021
2020

New Homes Sold Homes by Month Closed

MayJuneJulyAugustSeptemberOctober
20232,2302,1861,7741,8621,9191,809
20221,8631,9881,5061,6331,7561,687
select any:
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20231,2981,9102,8643,6444,0714,137
20221,4721,7722,6303,2933,7793,760
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
20232955751,2172,3242,5462,800
20225379171,4711,9012,0122,138
select any:
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$143k$160k$176k$192k$209k$225k$242k$259k$276k$294k$311k$328k$346k$363k$381k$398k$415k$433k$450k$468k$485k$503k$520k$766k$1.2M$1.7M$2.2M
20232546825530423557716686769011312295103819612074116809584127247
20227947115453549475858626470668895727864823085827715855474187
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

$107.01$111.69$116.38$121.06$125.75$130.43$135.12$139.87$144.69$149.51$154.33$159.15$163.97$168.79$173.61$178.43$183.25$188.08$192.9$197.72$202.54$207.36$212.18$243.62$301.69$359.76$417.83$475.9$533.97
20231067212138737465818974778288738773961108896608311184103113131513114
202212551036087636661565666596164737567836175876366137821235218045
select any:
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

6819281,0521,1761,2991,4231,5271,6101,6931,7761,8601,9432,0262,1092,1932,2762,3592,4422,5262,6092,6922,7753,1523,8214,4905,1595,828
2023354639414260609487639584871158874721037592811109312412889106
202279127474535525241936554497757102646788947782538782457218786125
select any:
2023
2022
2021
2020

Average Days-to-Sell for Each Month

MayJuneJulyAugustSeptemberOctober
202310210199938484
2022636454616468
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

6727789891,0951,2001,3061,4041,4961,5871,6781,7691,8601,9512,0422,1332,2252,3162,4072,4982,5892,6802,7713,1523,8214,4905,1595,828
2023$252$337$170$210$183$184$186$180$193$174$185$169$172$171$162$159$166$169$180$158$159$166$187$211$188$254$398
2022$161$185$203$193$182$227$184$194$186$187$183$192$175$172$170$176$180$182$187$165$167$170$178$195$201$335$480$298$737

Available Units

9,390

Total Sold

1,809

Average

5%

-2% from 2022

Typical Discount

0% to 9%

0% to 10% in 2022

Available Units

9,390

Total Sold

1,809

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.