Greater Houston Real Estate

March 2023 Houston Market Conditions

From March 1st to March 31st, 2023

Units Sold:

7,916

Average Sold Price:

$411,075

Average Sold Discount:

5%

Average Price Reduction:

3%

Average DOM:

76

Sold Listings

7,916

-20% from 2022

Average

$411,075

1% from 2022

Typical

$256k to $452k

$255k to $450k in 2022

select any:
2023
2022
2021
2020

Homes Sold per Price Range

A visual price spectrum representation

$2kto$41k$41kto$81k$81kto$120k$120kto$160k$160kto$239k$239kto$317k$317kto$396k$396kto$474k$474kto$553k$553kto$632k$632kto$710k$710kto$789k$789kto$867k$867kto$3.3M$3.3Mto$5.7M$5.7Mto$8.1M$8.1Mto$10.5M
20231481302011,1062,2241,514885573342269137903801231
20226591702911,3882,6251,8831,315663430298160141455151

Average

$175

0% from 2022

Typical

$136 to $189

$136 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

$1to$27$27to$52$52to$78$78to$104$104to$126$126to$149$149to$171$171to$193$193to$216$216to$238$238to$261$261to$283$283to$305$305to$462$462to$619$619to$776$776to$934
2023110763088651,7381,8411,2826093462301188129871224
2022117923681,1272,1932,3201,541815428222131113381107177

Avg Days to Sell

76

69% from 2022

Typical Days to Sell

10 to 117

4 to 56 in 2022

select any:
2023
2022
2021
2020

Days on the Market Distribution

The number of homes sold in each DOM range

to2727to5353to8080to107107to133133to160160to187187to213213to240240to478478to715715to953953to1,190
20233,1961,078705723561437357290168377222
20226,2901,077610547408291209148981901693

Avgerage

3%

494% from 2022

Typical

0% to 5%

0% to 5% 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.)

-47%to-35%-35%to-24%-24%to-12%-12%to0%0%to2%2%to3%3%to5%5%to6%6%to8%8%to9%9%to11%11%to13%13%to14%14%to21%21%to27%27%to33%33%to40%
20231532554,53855053442133130520719915330970115
202252469757,4193942832281431076561338215123

Average

5%

2429% from 2022

Typical

0% to 9%

to 3% in 2022

select any:
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-45%to-34%-34%to-24%-24%to-13%-13%to-3%-3%to0%0%to2%2%to4%4%to7%7%to9%9%to12%12%to14%14%to16%16%to19%19%to26%26%to34%34%to42%42%to49%
202346183665742,0831,236971731567415289238300661712
202211131572,4621,5022,7841,1146844182231611076111536156

Avgerage

2%

-946% from 2022

Typical

0% to 4%

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

-40%to-31%-31%to-21%-21%to-12%-12%to-3%-3%to-1%-1%to0%0%to1%1%to3%3%to4%4%to6%6%to7%7%to9%9%to10%10%to18%18%to26%26%to34%34%to42%
202366153683634892,6421,265883620430257172309542112
20226191792,0617749133,0451,03163241824017811122744114
select any:
2023
2022
2021
2020

Sold Homes by Month Closed

JanuaryFebruaryMarchOctoberNovemberDecember
20234,5905,8437,9166,7135,9046,503
20226,6057,6049,9018,7518,5689,719
select any:
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20235,2064,4433,7645,6337,54011,756
20227,0136,0043,9495,5427,49711,646
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
20236,3726,1812,3438401,0942,093
20227,9947,2202,3588831,1662,217
select any:
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$66k$88k$110k$132k$155k$177k$199k$221k$244k$267k$290k$313k$335k$358k$381k$404k$427k$449k$472k$495k$518k$541k$564k$818k$1.3M$1.8M$2.3M$2.8M$3.2M$3.7M
20234339713151546253647071798384798582728484898390878392113134198254
2022694846613737353127313233384043494751495353635355911608174277332
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

$45.66$57.07$68.48$79.88$91.29$102.69$114.1$122.91$129.13$135.34$141.56$147.77$153.99$160.2$166.42$172.64$178.85$185.07$191.28$197.5$203.71$209.93$216.14$267.95$365.35$462.75$560.15$657.55$754.94
20237534536264577879727276686570687882778379879189779488807088
202220407441315036273031303233363543454753595662737080695786222501
select any:
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

5636787939081,0231,1381,2531,3691,4841,6001,7161,8311,9472,0622,1782,2932,4092,5252,6402,7562,8712,9873,1033,6374,5905,5436,4977,4508,4039,356
202343604663485560656566637078866878817677838490819074111153154184238
20227064564452305136353839373742364046465039505141545972180198312360
select any:
2023
2022
2021
2020

Year Built versus Time-to-Sell

Buyer demand trends from the Roaring Twenties to modern marvels

18991912192519381951196419771984198719891992199419971999200220042007200920122014201720192022
2023431127858716757475858545548625764686378686762128
2022359169968255564137383128303235343638352231273169
select any:
2023
2022
2021
2020

Average Days-to-Sell for Each Month

JanuaryFebruaryMarchOctoberNovemberDecember
2023697576465264
2022444845374143
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

5506397288179069951,0841,1921,3191,4461,5731,7001,8271,9542,0812,2082,3352,4622,5892,7162,8432,9703,0973,6374,5905,5436,4977,4508,4039,356
2023$239$193$209$238$193$203$184$186$176$172$175$169$165$166$164$166$164$164$164$166$161$170$168$178$218$280$301$389$517$319
2022$261$183$205$206$194$187$181$190$188$183$176$168$166$164$164$170$165$165$167$160$161$166$161$179$210$257$263$356$399$436

Available Units

9,381

Total Sold

2,341

Average

5%

2429% from 2022

Typical Discount

0% to 9%

to 3% 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 March 1st to March 31st, 2023

Units Sold:

2,341

Average Sold Price:

$419,606

Average Sold Discount:

7%

Average Price Reduction:

5%

Average DOM:

107

Sold Listings

2,341

6% from 2022

Average

$419,606

1% from 2022

Typical

$285k to $463k

$295k to $459k in 2022

select any:
2023
2022
2021
2020

New Homes Sold per Price Range

A visual price spectrum representation

$105kto$136k$136kto$166k$166kto$197k$197kto$227k$227kto$286k$286kto$344k$344kto$403k$403kto$462k$462kto$520k$520kto$579k$579kto$638k$638kto$696k$696kto$755k$755kto$2.6M$2.6Mto$4.4M$4.4Mto$6.2M$6.2Mto$8.0M
202317218847851640723716593918435110512
2022341953408484402301188978554297743

Average

$179

0% from 2022

Typical

$151 to $191

$152 to $192 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

$82to$94$94to$106$106to$118$118to$130$130to$144$144to$158$158to$171$171to$185$185to$199$199to$213$213to$227$227to$241$241to$254$254to$417$417to$580$580to$742$742to$905
2023321597268393412451244149925046971721
20222096244362389393257191995624561242

Avg Days to Sell

107

49% from 2022

Typical Days to Sell

28 to 165

12 to 112 in 2022

select any:
2023
2022
2021
2020

Days on the Market Distribution - New Homes

The number of homes sold in each DOM range

to3232to6363to9595to126126to158158to189189to221221to252252to284284to375375to466466to557557to648
2023632366262263183179135131728617123
202290036725423715713859432619721

Avgerage

5%

-744% from 2022

Typical

0% to 9%

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.)

-31%to-23%-23%to-16%-16%to-9%-9%to-1%-1%to1%1%to3%3%to5%5%to7%7%to9%9%to11%11%to12%12%to14%14%to16%16%to20%20%to24%24%to28%28%to31%
20232211385616121020518917013811363812664
202217735251,244145835834167521

Average

7%

2414% from 2022

Typical

1% to 12%

-1% to 2% in 2022

select any:
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-30%to-23%-23%to-15%-15%to-8%-8%to-1%-1%to1%1%to4%4%to6%6%to8%8%to10%10%to13%13%to15%15%to17%17%to19%19%to24%24%to28%28%to32%32%to37%
2023215109462266249237261221177112120981342
202214435499782821808236251121331

Avgerage

3%

159% from 2022

Typical

0% to 4%

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

-22%to-17%-17%to-11%-11%to-6%-6%to-1%-1%to1%1%to2%2%to3%3%to4%4%to5%5%to6%6%to7%7%to8%8%to10%10%to13%13%to16%16%to19%19%to21%
202311121038162592712281761251066560663985
20221222181,071333214129805025151921622
select any:
2023
2022
2021
2020

New Homes Sold Homes by Month Closed

JanuaryFebruaryMarchOctoberNovemberDecember
20231,3581,8982,3411,6871,7042,250
20221,3201,7192,2111,3871,5682,092
select any:
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20231,4681,2501,5802,4473,1253,908
20221,1151,1521,5522,3362,9983,749
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
20231,9801,7607465256781,142
20221,4681,2316375687351,252
select any:
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$138k$155k$172k$189k$207k$224k$241k$260k$281k$302k$322k$343k$363k$384k$405k$425k$446k$466k$487k$508k$528k$549k$570k$806k$1.3M$1.7M$2.2M$2.6M$3.1M
202333117048826358737774101106113127111131119100106137143133121118135113989788279
202253712143202946435157677763798181929581707494100869814310030707
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

$86.54$102.92$111.12$119.31$127.5$135.69$142.14$146.84$151.55$156.26$160.97$165.67$170.38$175.09$179.79$184.5$189.21$193.92$198.62$203.33$208.04$212.75$241.14$293.22$345.3$397.39$449.47$501.55$553.63
202351331759910210312310693101949610212010710411011010011512412711311887142124131156
2022661148517064626363656663657768908588847788107511741,999
select any:
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

8129121,0121,1121,2111,3111,4111,5101,6081,7061,8051,9032,0012,0992,1972,2952,3932,4922,5902,6882,7862,8842,9823,4494,2845,1205,9556,7907,625
20231171206268729381968186102112119931081141221141201501231291371289318918927
202258491843484359736555666868687582731038269849696728944187195
select any:
2023
2022
2021
2020

Average Days-to-Sell for Each Month

JanuaryFebruaryMarchOctoberNovemberDecember
20239299107687588
2022727772666769
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

8018809581,0371,1151,1931,2721,3651,4721,5801,6871,7951,9022,0102,1172,2252,3332,4402,5482,6552,7632,8702,9783,4494,2845,1205,9556,7907,625
2023$374$178$189$200$166$176$182$187$182$184$176$181$167$171$165$168$164$174$170$170$161$170$176$188$229$266$358$443$611
2022$176$181$154$171$221$192$195$189$184$177$181$174$173$171$173$171$165$167$177$167$162$168$166$189$202$255$342$725$599

Available Units

9,381

Total Sold

2,341

Average

7%

2414% from 2022

Typical Discount

1% to 12%

-1% to 2% in 2022

Available Units

9,381

Total Sold

2,341

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.