Greater Houston Real Estate

December 2023 Houston Market Conditions

From December 1st to December 31st, 2023

Units Sold:

6,032

Average Sold Price:

$409,090

Average Sold Discount:

6%

Average Price Reduction:

3%

Average DOM:

71

Sold Listings

6,032

-7% from 2022

Average

$409,090

0% from 2022

Typical

$262k to $450k

$255k to $455k in 2022

select any:
2023
2022
2021
2020

Homes Sold per Price Range

A visual price spectrum representation

$13kto$52k$52kto$90k$90kto$129k$129kto$168k$168kto$240k$240kto$312k$312kto$384k$384kto$456k$456kto$527k$527kto$599k$599kto$671k$671kto$743k$743kto$815k$815kto$3.4M$3.4Mto$5.9M$5.9Mto$8.5M$8.5Mto$11.1M
2023952881537081,6051,2357264552681821421062901111
20223471251878721,6481,22877649631222214195339831

Average

$175

1% from 2022

Typical

$139 to $191

$137 to $187 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

$7to$31$31to$56$56to$81$81to$106$106to$126$126to$145$145to$165$165to$185$185to$204$204to$224$224to$244$244to$263$263to$283$283to$433$433to$584$584to$735$735to$885
2023313712155431,0351,2631,0857223971881256022554176
20228742806771,1311,4391,151663385177976226073113

Avg Days to Sell

71

12% from 2022

Typical Days to Sell

13 to 99

13 to 93 in 2022

select any:
2023
2022
2021
2020

Days on the Market Distribution

The number of homes sold in each DOM range

to2626to5151to7777to103103to128128to154154to180180to205205to231231to456456to681681to905905to1,130
20232,2741,082674543434296205148732524623
20222,4781,267734593477319227146731681711

Avgerage

3%

-19% from 2022

Typical

0% to 5%

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.)

-33%to-24%-24%to-16%-16%to-8%-8%to0%0%to2%2%to3%3%to5%5%to6%6%to8%8%to9%9%to11%11%to12%12%to14%14%to21%21%to29%29%to37%37%to44%
202332131923,2254934423672942401971371122484364
2022591543,27642345743332531825418716140570112

Average

6%

-12% from 2022

Typical

1% to 9%

1% to 11% in 2022

select any:
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-42%to-32%-32%to-22%-22%to-12%-12%to-2%-2%to0%0%to3%3%to5%5%to7%7%to10%10%to12%12%to14%14%to16%16%to19%19%to26%26%to34%34%to42%42%to49%
202312142841,15191096572255842330324013923045179
202236203291,15383586477662150136133624932477227

Avgerage

3%

-4% 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

-29%to-23%-23%to-16%-16%to-9%-9%to-2%-2%to-1%-1%to1%1%to2%2%to4%4%to5%5%to7%7%to8%8%to10%10%to11%11%to20%20%to29%29%to38%38%to47%
202325282642521,9389468296193662371499123452126
202226273362851,8911,00891962239930922111628945161
select any:
2023
2022
2021
2020

Sold Homes by Month Closed

JulyAugustSeptemberOctoberNovemberDecember
20237,6028,0006,8796,2676,0646,032
20228,3438,4397,7926,7135,9046,503
select any:
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20231,6302,5984,3827,22211,20617,438
20221,7112,6064,1797,01010,99918,822
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
20232265648711,1282,3878,142
20223086801,0901,3362,6378,651
select any:
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$65k$88k$112k$135k$159k$183k$206k$229k$251k$273k$294k$316k$338k$360k$382k$403k$425k$447k$469k$491k$512k$534k$556k$801k$1.3M$1.7M$2.2M$2.7M$3.1M$3.6M
202359508151755149705766696265907878789089737371797279154868291166
20227853373234364146535958656861677371787477678573717312892312158
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

$23.46$38.67$53.88$69.09$84.3$99.51$114.72$125.24$131.07$136.89$142.72$148.54$154.37$160.2$166.02$171.85$177.67$183.5$189.32$195.15$200.98$206.8$212.63$264.84$363.45$462.06$560.67$659.28$757.88$856.49
20232430123605572717274687272736871746465697470725379846411814243166
202222533232465056565461595862585758676775818264727281879283298
select any:
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

5626838049251,0461,1661,2871,4011,5081,6141,7211,8281,9342,0412,1482,2542,3612,4682,5742,6812,7882,8943,0013,5464,5285,5106,4927,4748,457
2023434370635257656556677170637170758476726986799174886597223306
20222651513943404651546459646262467361767172667775737094219162139719
select any:
2023
2022
2021
2020

Year Built versus Time-to-Sell

Buyer demand trends from the Roaring Twenties to modern marvels

18961909192319361949196319761984198719891992199519972000200220052007201020122015201820202023+
20232199786658685440566255524361556057535457568396
20223645836053524842446541473852484664515259516087
select any:
2023
2022
2021
2020

Average Days-to-Sell for Each Month

JulyAugustSeptemberOctoberNovemberDecember
2023545457596071
2022283240465264
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

5506457418379321,0281,1231,2301,3481,4651,5831,7011,8181,9362,0542,1722,2892,4072,5252,6422,7602,8782,9963,5464,5285,5106,4927,4748,4579,439
2023$219$170$220$219$175$163$190$169$175$180$171$171$164$173$162$164$163$162$168$169$159$180$177$180$220$282$295$387$515$80
2022$324$187$204$194$161$177$191$179$175$176$171$164$166$161$161$162$163$163$163$163$169$171$166$180$216$259$354$418$406$371

Available Units

9,399

Total Sold

2,208

Average

6%

-12% from 2022

Typical Discount

1% to 9%

1% to 11% 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 December 1st to December 31st, 2023

Units Sold:

2,208

Average Sold Price:

$421,699

Average Sold Discount:

6%

Average Price Reduction:

4%

Average DOM:

95

Sold Listings

2,208

-2% from 2022

Average

$421,699

-1% from 2022

Typical

$296k to $455k

$297k to $475k in 2022

select any:
2023
2022
2021
2020

New Homes Sold per Price Range

A visual price spectrum representation

$133kto$158k$158kto$184k$184kto$209k$209kto$235k$235kto$293k$293kto$350k$350kto$408k$408kto$466k$466kto$523k$523kto$581k$581kto$639k$639kto$697k$697kto$754k$754kto$3.3M$3.3Mto$5.9M$5.9Mto$8.5M$8.5Mto$11.1M
202341218773936053462411639658483610731
202237177439856433125917713375554510912

Average

$180

1% from 2022

Typical

$152 to $196

$154 to $193 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

$80to$92$92to$104$104to$116$116to$129$129to$142$142to$155$155to$168$168to$180$180to$193$193to$206$206to$219$219to$232$232to$245$245to$405$405to$565$565to$725$725to$885
20231222862192873423632862091706343911091
202221473174306439357337201152633876151

Avg Days to Sell

95

8% from 2022

Typical Days to Sell

18 to 135

24 to 131 in 2022

select any:
2023
2022
2021
2020

Days on the Market Distribution - New Homes

The number of homes sold in each DOM range

to3434to6868to102102to135135to169169to203203to237237to271271to305305to511511to717717to924924to1,130
2023751370277260201112654120921522
2022721423316245214143635319475

Avgerage

4%

-24% from 2022

Typical

0% to 7%

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.)

-16%to-12%-12%to-9%-9%to-5%-5%to-1%-1%to1%1%to3%3%to4%4%to6%6%to8%8%to10%10%to11%11%to13%13%to15%15%to20%20%to24%24%to29%29%to34%
20232515898731791881951641381266656832071
20221423647661341602021751721291111161423981

Average

6%

-24% from 2022

Typical

1% to 10%

2% to 14% in 2022

select any:
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-19%to-15%-15%to-10%-10%to-5%-5%to-1%-1%to1%1%to3%3%to5%5%to7%7%to9%9%to11%11%to14%14%to16%16%to18%18%to22%22%to26%26%to31%31%to35%
202333149148425625824420519714312176762573
202233137138816918923122920417917714116963141

Avgerage

2%

-27% 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

-22%to-17%-17%to-11%-11%to-6%-6%to-1%-1%to0%0%to2%2%to3%3%to4%4%to5%5%to6%6%to7%7%to8%8%to9%9%to13%13%to17%17%to22%22%to26%
2023131592882230206197172108895150742386
202222111047131722332301851231071017812241165
select any:
2023
2022
2021
2020

New Homes Sold Homes by Month Closed

JulyAugustSeptemberOctoberNovemberDecember
20231,7741,8621,9191,8092,1842,208
20221,5061,6331,7561,6871,7042,250
select any:
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20238301,1842,0753,0574,0484,477
20229861,2592,1093,0703,8484,191
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
20231813405097471,2592,607
20222574597249281,3082,076
select any:
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$144k$162k$180k$197k$215k$233k$251k$269k$287k$305k$323k$342k$360k$378k$396k$414k$432k$450k$468k$487k$505k$523k$541k$775k$1.2M$1.7M$2.1M$2.6M$3.0M$3.5M
202387116148114709992891016970941161111039412397118101101898794961997315486170
20221095999523577698772828592879394941028510095931067893728912464200368
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

$92.31$100.72$109.12$117.52$125.93$134.33$140.87$145.54$150.22$154.89$159.56$164.24$168.91$173.58$178.26$182.93$187.61$192.28$196.95$201.63$206.3$210.97$250.17$323.88$397.59$471.31$545.02$618.74$692.45
20232728711115496118941141028991981017880751167788875094146123871473917
202276435398598210092888385767479968310010210497102719181877687214173
select any:
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

7069501,0731,1951,3171,4391,5461,6391,7311,8241,9162,0092,1012,1932,2862,3782,4712,5632,6562,7482,8412,9333,4484,3845,3206,2577,193
2023728939120727170871058979881079511311011983115891121279512594103115
2022609463615776741107978887470909980103929797100969590123326
select any:
2023
2022
2021
2020

Average Days-to-Sell for Each Month

JulyAugustSeptemberOctoberNovemberDecember
2023999384847895
2022546164687588
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

6998079151,0231,1311,2391,3471,4501,5491,6481,7461,8451,9442,0422,1412,2402,3382,4372,5352,6342,7332,8312,9303,4484,3845,3206,2577,193
2023$209$398$178$192$172$184$184$194$190$179$181$176$176$168$169$168$159$173$174$164$156$166$188$190$233$343$420$600
2022$312$171$167$172$179$183$180$189$184$171$178$172$169$172$168$168$172$174$167$170$169$188$177$188$216$381$520

Available Units

9,394

Total Sold

2,208

Average

6%

-24% from 2022

Typical Discount

1% to 10%

2% to 14% in 2022

Available Units

9,394

Total Sold

2,208

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.