Greater Houston Real Estate

November 2023 Houston Market Conditions

From November 1st to November 30th, 2023

Units Sold:

6,064

Average Sold Price:

$406,023

Average Sold Discount:

5%

Average Price Reduction:

3%

Average DOM:

60

Sold Listings

6,064

3% from 2022

Average

$406,023

1% from 2022

Typical

$260k to $450k

$258k to $443k in 2022

select any:
2023
2022
2021
2020

Homes Sold per Price Range

A visual price spectrum representation

$235to$42k$42kto$83k$83kto$124k$124kto$166k$166kto$239k$239kto$311k$311kto$384k$384kto$457k$457kto$529k$529kto$602k$602kto$675k$675kto$747k$747kto$820k$820kto$3.0M$3.0Mto$5.2M$5.2Mto$7.3M$7.3Mto$9.5M
2023435981677611,6291,216696454275180140102296101
20224501032227301,5501,07980240726418013470297921

Average

$176

1% from 2022

Typical

$138 to $191

$137 to $189 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

$0to$27$27to$54$54to$81$81to$108$108to$129$129to$150$150to$171$171to$192$192to$213$213to$235$235to$256$256to$277$277to$298$298to$623$623to$949$949to$1,274$1,274to$1,599
2023313632246941,2731,32999756528315410252289131
202216832986511,1971,37691049228315897502679

Avg Days to Sell

60

15% from 2022

Typical Days to Sell

10 to 80

10 to 73 in 2022

select any:
2023
2022
2021
2020

Days on the Market Distribution

The number of homes sold in each DOM range

to2323to4646to6868to9191to114114to137137to159159to182182to205205to471471to737737to1,0021,002to1,268
20232,5651,010723480345274185108692772521
20222,5031,1077174993432371641016516071

Avgerage

3%

-9% from 2022

Typical

0% to 5%

0% to 6% 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-12%-12%to-6%-6%to0%0%to1%1%to3%3%to4%4%to6%6%to7%7%to9%9%to10%10%to12%12%to13%13%to20%20%to27%27%to34%34%to42%
202343172293,22441641334329626623616213623946144
202212181313,18936340535227224319814812735861134

Average

5%

-8% 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

-44%to-34%-34%to-23%-23%to-13%-13%to-2%-2%to0%0%to2%2%to5%5%to7%7%to9%9%to11%11%to13%13%to16%16%to18%18%to26%26%to33%33%to41%41%to49%
202327212721,180856950722560472351207138221571610
20225143591,13170882265457745828925821729571217

Avgerage

2%

-9% from 2022

Typical

0% to 4%

0% to 5% 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-3%-3%to-1%-1%to0%0%to2%2%to3%3%to5%5%to6%6%to8%8%to9%9%to11%11%to20%20%to29%29%to39%39%to48%
202356212712561,93880889163238826516411223449146
20223153002771,7177958125994292872101262783815
select any:
2023
2022
2021
2020

Sold Homes by Month Closed

MayJuneJulyAugustSeptemberOctoberNovember
20237088,8177,6028,0006,8796,2676,064
20229449,9418,3438,4397,7926,7135,904
select any:
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20232,0043,2765,7059,72514,20117,643
20222,1083,0795,2019,89415,20018,990
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
20232686591,1712,6788,2399,685
20224499211,5403,1069,16710,092
select any:
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$66k$89k$112k$135k$158k$181k$204k$226k$248k$270k$292k$313k$335k$357k$379k$401k$423k$445k$467k$488k$510k$532k$554k$810k$1.3M$1.8M$2.3M$2.8M$3.3M
2023475647374659343842485164656763597569776954681037376631169639
202287412940423436413841474758585359626262566161626247486393120228
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

$41.58$54.12$66.67$79.21$91.76$104.3$116.84$126.05$131.92$137.79$143.66$149.53$155.4$161.27$167.14$173.01$178.87$184.74$190.61$196.48$202.35$208.22$214.09$269.96$375.83$481.7$587.57$693.44$799.31$905.18
202311738735775536156525953556052526152625661596864746979782016113
2022246644484442445245434952454543435368776962686156595761405456
select any:
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

5776908039161,0291,1421,2551,3661,4771,5881,6991,8091,9202,0312,1422,2532,3632,4742,5852,6962,8062,9173,0283,5194,3915,2626,1347,0067,8778,749
20234654444961394943445348555758635271776254657273728286991855570
2022174647463743374147475150465253536159545451615159597044100169121
select any:
2023
2022
2021
2020

Year Built versus Time-to-Sell

Buyer demand trends from the Roaring Twenties to modern marvels

19121923193419461957196819791986198919911994199619982001200320062008201120132015201820202023+
202310668675449484846364131424955484550504950596177
202216333266847474333423642313243434442424147444474
select any:
2023
2022
2021
2020

Average Days-to-Sell for Each Month

MayJuneJulyAugustSeptemberOctoberNovember
202360585454575960
202230322832404652
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

5656537408289161,0031,0911,1961,3181,4391,5611,6831,8051,9262,0482,1702,2922,4142,5352,6572,7792,9013,0223,5194,3915,2626,1347,0067,8778,749
2023$292$233$221$182$202$185$191$182$183$178$175$175$165$166$166$161$158$161$165$166$157$175$174$185$228$250$340$263$320$297
2022$188$286$201$221$178$169$180$190$173$180$174$167$172$166$168$158$171$165$163$160$167$166$169$176$222$254$277$349$484$392

Available Units

9,392

Total Sold

2,184

Average

5%

-8% from 2022

Typical Discount

0% to 9%

0% to 10% 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 November 1st to November 30th, 2023

Units Sold:

2,184

Average Sold Price:

$394,548

Average Sold Discount:

6%

Average Price Reduction:

4%

Average DOM:

78

Sold Listings

2,184

28% from 2022

Average

$394,548

-5% from 2022

Typical

$279k to $438k

$295k to $458k in 2022

select any:
2023
2022
2021
2020

New Homes Sold per Price Range

A visual price spectrum representation

$150kto$167k$167kto$185k$185kto$202k$202kto$220k$220kto$272k$272kto$324k$324kto$377k$377kto$429k$429kto$481k$481kto$533k$533kto$585k$585kto$638k$638kto$690k$690kto$1.4M$1.4Mto$2.2M$2.2Mto$3.0M$3.0Mto$3.7M
202311102955378512389225168114785550891263
2022328252213612902821569856455485132

Average

$175

-3% from 2022

Typical

$147 to $192

$155 to $195 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

$56to$73$73to$91$91to$108$108to$125$125to$138$138to$150$150to$163$163to$175$175to$188$188to$200$200to$213$213to$225$225to$238$238to$413$413to$588$588to$763$763to$938
2023115932402703393472532141589546911521
2022121110211269285261191113864689131

Avg Days to Sell

78

4% from 2022

Typical Days to Sell

11 to 109

17 to 110 in 2022

select any:
2023
2022
2021
2020

Days on the Market Distribution - New Homes

The number of homes sold in each DOM range

to3030to5959to8989to118118to148148to177177to207207to236236to266266to517517to767767to1,0181,018to1,268
202393334221719316094604727981111
202261233121216212195614325411

Avgerage

4%

-13% from 2022

Typical

0% to 8%

0% to 9% 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.)

-22%to-17%-17%to-12%-12%to-6%-6%to-1%-1%to1%1%to2%2%to4%4%to6%6%to8%8%to9%9%to11%11%to13%13%to15%15%to21%21%to28%28%to34%34%to41%
2023127998161411731681971601469962901621
20221211705939912614812812090887114412

Average

6%

-16% from 2022

Typical

1% to 10%

2% to 12% in 2022

select any:
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-25%to-19%-19%to-13%-13%to-7%-7%to-1%-1%to1%1%to3%3%to5%5%to7%7%to10%10%to12%12%to14%14%to16%16%to18%18%to24%24%to29%29%to35%35%to41%
2023335974402652702222352021788962842221
20221216802951611561671971551221091061072611

Avgerage

2%

-22% from 2022

Typical

0% to 4%

0% to 5% 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

-40%to-30%-30%to-21%-21%to-12%-12%to-2%-2%to-1%-1%to1%1%to2%2%to3%3%to5%5%to6%6%to7%7%to9%9%to10%10%to15%15%to21%21%to26%26%to31%
2023135101638912662461981228149487623101
2022135753612211195151116807541802241
select any:
2023
2022
2021
2020

New Homes Sold Homes by Month Closed

MayJuneJulyAugustSeptemberOctoberNovember
20231802,1861,7741,8621,9191,8092,184
20222481,9881,5061,6331,7561,6871,704
select any:
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20231,0321,5562,5193,4444,2024,352
20221,2541,5232,4703,2733,8873,982
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
20232204217271,3232,3522,853
20223926821,0801,4261,9332,197
select any:
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$158k$171k$185k$198k$212k$225k$238k$254k$272k$290k$308k$327k$345k$363k$381k$399k$417k$435k$453k$472k$490k$508k$526k$782k$1.3M$1.8M$2.3M$2.8M$3.3M
20237813412319283736325765717782908474102841078911982761139119117528510
202215062136303638494862628692756979848892769253961128311092861217104
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

$84.85$100.35$108.1$115.85$123.6$131.35$137.57$142.27$146.96$151.66$156.36$161.05$165.75$170.45$175.14$179.84$184.54$189.23$193.93$198.63$203.32$208.02$263.78$370.6$477.42$584.24$691.07
20233294586963537756598979736271896585877269671019921114311919
20229134747875597076675257576564718488115919186888672391401048925652
select any:
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

8121,0121,1121,2111,3111,4111,5061,5971,6871,7781,8691,9592,0502,1402,2312,3212,4122,5022,5932,6842,7742,8653,3454,2155,0855,955
20235511110836357148745491647072115679260126877873103102121104199
202217676013737427861837061556764957495829781696510689801041847
select any:
2023
2022
2021
2020

Average Days-to-Sell for Each Month

MayJuneJulyAugustSeptemberOctoberNovember
20231171019993848478
202257645461646875
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

8011,0371,1151,1931,2721,3611,4611,5611,6611,7611,8611,9612,0602,1602,2602,3602,4602,5602,6602,7602,8603,3454,2155,0855,955
2023$357$171$180$182$177$182$181$185$167$184$165$168$168$173$149$158$174$176$160$149$176$183$238$375$477
2022$521$166$177$174$161$190$192$193$184$188$180$179$173$174$171$168$173$178$182$162$165$158$173$185$190$282$306$416

Available Units

9,391

Total Sold

2,184

Average

6%

-16% from 2022

Typical Discount

1% to 10%

2% to 12% in 2022

Available Units

9,391

Total Sold

2,184

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.