Greater Houston Real Estate

February 2023 Houston Market Conditions

From February 1st to February 28th, 2023

Units Sold:

5,843

Average Sold Price:

$384,114

Average Sold Discount:

6%

Average Price Reduction:

4%

Average DOM:

75

Sold Listings

5,843

-23% from 2022

Average

$384,114

-3% from 2022

Typical

$250k to $430k

$255k to $445k in 2022

select any:
2023
2022
2021
2020

Homes Sold per Price Range

A visual price spectrum representation

$1kto$40k$40kto$79k$79kto$118k$118kto$157k$157kto$225k$225kto$293k$293kto$361k$361kto$429k$429kto$498k$498kto$566k$566kto$634k$634kto$702k$702kto$770k$770kto$2.1M$2.1Mto$3.5M$3.5Mto$4.8M$4.8Mto$6.2M
2023731911636641,4581,212742478271204136922681952
20226301122138271,7721,5501,016701388260187117392256

Average

$170

-1% from 2022

Typical

$137 to $183

$133 to $185 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

$25to$44$44to$63$63to$83$83to$102$102to$122$122to$142$142to$163$163to$183$183to$203$203to$223$223to$243$243to$263$263to$284$284to$420$420to$556$556to$693$693to$829
2023524691944861,0341,4001,147584286143110602146774
2022924692408321,4671,6921,2656864072101399933188235

Avg Days to Sell

75

54% from 2022

Typical Days to Sell

13 to 110

5 to 66 in 2022

select any:
2023
2022
2021
2020

Days on the Market Distribution

The number of homes sold in each DOM range

to2424to4848to7272to9696to121121to145145to169169to193193to217217to503503to790790to1,0761,076to1,362
20232,0328427015464283072892141872831022
20224,341884662445370251189134952051692

Avgerage

4%

358% from 2022

Typical

0% to 6%

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.)

-36%to-27%-27%to-18%-18%to-9%-9%to0%0%to2%2%to3%3%to5%5%to7%7%to9%9%to10%10%to12%12%to14%14%to16%16%to22%22%to29%29%to36%36%to42%
202322141483,1824294023312992451801821242434063
2022211435955,608410302199133101652727341254

Average

6%

447% from 2022

Typical

1% to 11%

-2% to 4% in 2022

select any:
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-46%to-35%-35%to-24%-24%to-13%-13%to-2%-2%to0%0%to3%3%to5%5%to8%8%to10%10%to13%13%to15%15%to18%18%to20%20%to27%27%to34%34%to41%41%to48%
202351142711,10681787467551444735126819421057178
202246771,6692,2791,23993354530718910772416623128

Avgerage

3%

610% from 2022

Typical

0% to 5%

to 2% 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

-42%to-32%-32%to-22%-22%to-12%-12%to-2%-2%to-1%-1%to1%1%to2%2%to4%4%to5%5%to7%7%to9%9%to10%10%to12%12%to20%20%to29%29%to37%37%to46%
202332132722631,75390178963539624916410824135124
202224801,4087012,3971,0907314382731441106712123101
select any:
2023
2022
2021
2020

Sold Homes by Month Closed

JanuaryFebruaryAugustSeptemberOctoberNovemberDecember
20234,5905,8431,5397,7926,7135,9046,503
20226,6057,6041,4289,4408,7518,5689,719
select any:
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20233,3182,5243,5725,9588,14812,930
20224,6182,5713,6165,9808,16412,905
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
20235,1171,5458389511,2942,368
20226,2271,5438381,0671,3782,560
select any:
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$66k$88k$110k$131k$153k$175k$197k$218k$239k$260k$281k$301k$322k$343k$364k$384k$405k$426k$447k$467k$488k$509k$530k$762k$1.2M$1.7M$2.1M$2.5M$3.0M$3.4M
2023585047395457545558627276717480808885839684831059096125891717296
202245625650453335263731353840425342544662645268527210181202199200409
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

$31.42$45.08$58.74$72.4$86.06$99.72$113.38$123.04$128.69$134.35$140.01$145.67$151.32$156.98$162.64$168.29$173.95$179.61$185.26$190.92$196.58$202.24$207.89$259.76$357.83$455.9$553.97$652.05$750.12$848.19
20235344357467471656568706769716772748268838610195869591761256202
20222457454742343430363036334139444246535675825872797382611251588
select any:
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

5616767919061,0211,1361,2501,3621,4711,5801,6881,7971,9062,0152,1232,2322,3412,4502,5582,6672,7762,8842,9933,4914,3775,2646,1507,0377,9238,810
2023404466686952525861696970757668747091877988878687821211281569449
20227166565746444645383936463944444546434544476047587711216811240411
select any:
2023
2022
2021
2020

Year Built versus Time-to-Sell

Buyer demand trends from the Roaring Twenties to modern marvels

18921906192019341948196219761984198719891992199419971999200220042007200920122014201720192022
2023183618687677057527466555956606065646270666670107
202212686565567584238343236304237383644394232363575
select any:
2023
2022
2021
2020

Average Days-to-Sell for Each Month

JanuaryFebruaryAugustSeptemberOctoberNovemberDecember
202369753640465264
202244483835374143
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

5466317158008849681,0531,1561,2781,4001,5221,6441,7661,8882,0102,1322,2542,3762,4982,6202,7432,8652,9873,4914,3775,2646,1507,0377,9238,810
2023$244$179$203$238$192$159$179$187$171$176$171$164$166$162$165$161$156$159$163$159$165$160$173$173$198$234$282$369$391$241
2022$251$208$224$240$234$176$185$189$185$175$174$170$170$163$161$161$159$161$160$159$151$161$163$170$198$249$230$351$250$273

Available Units

9,380

Total Sold

1,898

Average

6%

447% from 2022

Typical Discount

1% to 11%

-2% 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 February 1st to February 28th, 2023

Units Sold:

1,898

Average Sold Price:

$389,018

Average Sold Discount:

9%

Average Price Reduction:

6%

Average DOM:

99

Sold Listings

1,898

10% from 2022

Average

$389,018

-6% from 2022

Typical

$278k to $434k

$288k to $454k in 2022

select any:
2023
2022
2021
2020

New Homes Sold per Price Range

A visual price spectrum representation

$134kto$157k$157kto$179k$179kto$202k$202kto$224k$224kto$276k$276kto$328k$328kto$379k$379kto$431k$431kto$483k$483kto$535k$535kto$586k$586kto$638k$638kto$690k$690kto$1.8M$1.8Mto$2.8M$2.8Mto$3.9M$3.9Mto$5.0M
2023752756366428309219154746350458771
2022522262773692942191608679473885911

Average

$175

0% from 2022

Typical

$151 to $186

$150 to $189 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

$58to$76$76to$94$94to$112$112to$130$130to$143$143to$155$155to$168$168to$181$181to$194$194to$207$207to$220$220to$233$233to$245$245to$352$352to$458$458to$564$564to$671
20231886195317367336233114775018731561
20221196178284311282189120904425601442

Avg Days to Sell

99

29% from 2022

Typical Days to Sell

23 to 152

13 to 111 in 2022

select any:
2023
2022
2021
2020

Days on the Market Distribution - New Homes

The number of homes sold in each DOM range

to3030to6161to9191to121121to152152to182182to213213to243243to273273to459459to645645to830830to1,016
2023564294220192153146119773880132
20226632792311691279262331242214

Avgerage

6%

2916% from 2022

Typical

0% to 10%

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.)

-27%to-21%-21%to-14%-14%to-7%-7%to0%0%to2%2%to4%4%to6%6%to8%8%to10%10%to12%12%to14%14%to16%16%to18%18%to20%20%to23%23%to25%25%to28%
202317876661341631391671421209877622085
202227393809241608754391455

Average

9%

561% from 2022

Typical

2% to 14%

0% to 3% in 2022

select any:
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-27%to-21%-21%to-14%-14%to-7%-7%to0%0%to2%2%to5%5%to7%7%to9%9%to11%11%to14%14%to16%16%to18%18%to20%20%to22%22%to24%24%to26%26%to28%
2023221080360176166189216191174141934033139
20222525420690257158864315571

Avgerage

3%

174% 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

-23%to-17%-17%to-12%-12%to-6%-6%to0%0%to1%1%to2%2%to4%4%to5%5%to6%6%to8%8%to9%9%to10%10%to11%11%to15%15%to19%19%to23%23%to26%
202312118172822318017614289864043632354
202212918087528114881523827821011
select any:
2023
2022
2021
2020

New Homes Sold Homes by Month Closed

JanuaryFebruaryAugustSeptemberOctoberNovemberDecember
20231,3581,8984431,7561,6871,7042,250
20221,3201,7193261,3971,3871,5682,092
select any:
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20231,1021,1001,7282,6713,4374,112
20228781,0181,7182,6233,2843,961
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
20231,4566274956288621,346
20229444904927399291,473
select any:
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$143k$159k$176k$192k$209k$225k$242k$259k$276k$294k$311k$329k$346k$364k$381k$399k$416k$434k$451k$469k$486k$504k$521k$692k$1.0M$1.3M$1.7M$2.0M$2.3M
202310333434137587473799397801001101099913710510913211385131124133134285168603
2022194091393756485458647169767265897276938480816211217282498413
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$127.45$132.51$137.57$142.32$146.76$151.2$155.64$160.08$164.51$168.95$173.39$177.83$182.27$186.71$191.15$195.59$200.03$204.46$208.9$236.75$287.99$339.24$390.48$441.73$492.97$544.22
2023955590638291937789901037598989899107891071101111411291038424665333178103
202275272341494048686172696954687357817490118109707210311422835988
select any:
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

6757969171,0381,1591,2791,4001,5061,5961,6861,7761,8661,9572,0472,1372,2272,3172,4072,4982,5882,6782,7682,8583,2283,8794,5295,1795,8297,129
202336324390375486799299908910299889994931211041171121291271321522246034
2022277027756777706065766283618264708466927491661027517390268133208
select any:
2023
2022
2021
2020

Average Days-to-Sell for Each Month

JanuaryFebruaryAugustSeptemberOctoberNovemberDecember
202392996064687588
202272776165666769
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

6657648649631,0621,1621,2611,3611,4601,5601,6591,7591,8581,9582,0572,1572,2562,3562,4562,5552,6552,7542,8543,2283,8794,5295,1795,8297,129
2023$218$364$170$165$176$174$178$187$183$174$172$180$167$173$168$167$155$166$172$168$165$155$170$184$200$235$279$413$351
2022$178$168$186$191$213$177$185$189$178$176$172$170$176$171$167$165$165$162$174$167$164$159$174$180$193$291$344$208$734

Available Units

9,379

Total Sold

1,898

Average

9%

561% from 2022

Typical Discount

2% to 14%

0% to 3% in 2022

Available Units

9,379

Total Sold

1,898

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.