Greater Houston Real Estate

May 2023 Houston Market Conditions

From May 1st to May 31st, 2023

Units Sold:

8,721

Average Sold Price:

$426,513

Average Sold Discount:

4%

Average Price Reduction:

2%

Average DOM:

62

Sold Listings

8,721

-12% from 2022

Average

$426,513

-2% from 2022

Typical

$264k to $475k

$270k to $490k in 2022

select any:
2023
2022
2021
2020

Homes Sold per Price Range

A visual price spectrum representation

$22kto$58k$58kto$94k$94kto$129k$129kto$165k$165kto$250k$250kto$335k$335kto$420k$420kto$505k$505kto$590k$590kto$675k$675kto$760k$760kto$845k$845kto$930k$930kto$2.2M$2.2Mto$3.4M$3.4Mto$4.6M$4.6Mto$5.8M
202310681252201,3202,4961,6119575533952671421183884281
202217611492551,3722,6241,9251,1686504833082001304554982

Average

$180

-2% from 2022

Typical

$140 to $194

$143 to $199 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

$23to$44$44to$66$66to$87$87to$109$109to$132$132to$155$155to$179$179to$202$202to$225$225to$249$249to$272$272to$295$295to$318$318to$504$504to$689$689to$874$874to$1,059
2023827803211,1151,9152,1561,2926103251921221053715951
2022831872911,1262,1902,3151,4988114102431701094717471

Avg Days to Sell

62

84% from 2022

Typical Days to Sell

6 to 85

4 to 31 in 2022

select any:
2023
2022
2021
2020

Days on the Market Distribution

The number of homes sold in each DOM range

to2727to5454to8181to108108to134134to161161to188188to215215to242242to447447to652652to857857to1,062
20234,5131,2257034673673322842221714042823
20227,1651,02248831122717812181701512744

Avgerage

2%

1354% from 2022

Typical

0% to 3%

0% to 3% 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.)

-48%to-36%-36%to-24%-24%to-12%-12%to0%0%to1%1%to2%2%to4%4%to5%5%to6%6%to7%7%to8%8%to10%10%to11%11%to20%20%to29%29%to38%38%to47%
202323133785,64841447137326521519316312338041113
202276859767,5002872481771461047352351052661

Average

4%

-485% from 2022

Typical

0% to 6%

to 2% in 2022

select any:
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-48%to-37%-37%to-26%-26%to-15%-15%to-4%-4%to-2%-2%to0%0%to3%3%to5%5%to7%7%to9%9%to11%11%to13%13%to16%16%to24%24%to32%32%to40%40%to49%
202334184095822,2511,4241,205855586444282195338662110
20223181442,6041,3082,616956770500312203152711203894

Avgerage

2%

-267% from 2022

Typical

0% to 3%

to 1% 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-22%-22%to-13%-13%to-4%-4%to-2%-2%to-1%-1%to1%1%to2%2%to3%3%to5%5%to6%6%to8%8%to9%9%to17%17%to24%24%to32%32%to40%
202335164103436142,8191,2271,13674448830416933882109
20226162362,1917379172,77587867947629719814224944103
select any:
2023
2022
2021
2020

Sold Homes by Month Closed

JanuaryFebruaryMarchAprilMayDecember
20234,5905,8437,9167,3618,7216,503
20226,6057,6049,9019,1439,8599,719
select any:
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20236,8326,9268,6708,3707,45910,909
20228,3278,67910,29010,0387,54510,596
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
20236,6387,2408,6367,4462,4161,938
20228,5108,7809,5838,1722,6251,974
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$227k$251k$276k$300k$324k$348k$373k$397k$421k$445k$470k$494k$518k$542k$567k$591k$831k$1.3M$1.7M$2.2M$2.7M$3.1M$3.6M
202359414344415254525057595973657661606969865963686968839914485101
2022604145273127323023252229323035303136423640473246556483181192189
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

$37.88$51.13$64.38$77.63$90.88$104.13$117.38$127.09$133.25$139.42$145.58$151.74$157.91$164.07$170.24$176.4$182.56$188.73$194.89$201.06$207.22$213.38$219.55$266.43$354.02$441.62$529.22$616.82$704.41$792.01
2023613524735963606664595553544858636368657766687570787865784017
2022214841354833222622232025252832323233344746504656684142662139
select any:
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

5626757899031,0161,1301,2431,3601,4811,6021,7221,8431,9632,0842,2042,3252,4452,5662,6872,8072,9283,0483,1693,6844,5935,5036,4137,3228,2329,141
202335443846584648545260646063625963646573666369626876891169010514
2022555237453638333426292730293228353536363228313335494972113208196
select any:
2023
2022
2021
2020

Year Built versus Time-to-Sell

Buyer demand trends from the Roaring Twenties to modern marvels

18681885190319211938195619731983198619881991199419961999200120042006200920112014201720192022
2023524511850636151425047373938545044464735484753152
2022118424563433029212323182729322420191922212660
select any:
2023
2022
2021
2020

Average Days-to-Sell for Each Month

JanuaryFebruaryMarchAprilMayDecember
2023697576716264
2022444845383443
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

5476327178028879711,0561,1651,2981,4311,5651,6981,8311,9642,0972,2302,3642,4972,6302,7632,8963,0293,1623,6844,5935,5036,4137,3228,2329,141
2023$282$258$207$175$206$179$216$183$182$185$179$169$171$172$168$169$172$172$163$163$171$181$174$188$219$284$284$325$417$253
2022$271$196$195$196$223$197$196$205$188$193$182$176$170$181$173$172$171$178$167$171$176$182$177$191$221$238$228$376$446$432

Available Units

9,383

Total Sold

2,230

Average

4%

-485% from 2022

Typical Discount

0% to 6%

to 2% 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 May 1st to May 31st, 2023

Units Sold:

2,230

Average Sold Price:

$427,137

Average Sold Discount:

5%

Average Price Reduction:

3%

Average DOM:

102

Sold Listings

2,230

20% from 2022

Average

$427,137

1% from 2022

Typical

$297k to $475k

$300k to $476k in 2022

select any:
2023
2022
2021
2020

New Homes Sold per Price Range

A visual price spectrum representation

$165kto$181k$181kto$197k$197kto$214k$214kto$230k$230kto$289k$289kto$348k$348kto$407k$407kto$466k$466kto$524k$524kto$583k$583kto$642k$642kto$701k$701kto$760k$760kto$1.5M$1.5Mto$2.3M$2.3Mto$3.0M$3.0Mto$3.8M
20239132960376549350253174107639935792671
2022517202730844234220114911771552863101

Average

$183

-2% from 2022

Typical

$155 to $194

$159 to $202 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

$52to$72$72to$92$92to$111$111to$131$131to$146$146to$160$160to$175$175to$189$189to$204$204to$218$218to$233$233to$248$248to$262$262to$387$387to$512$512to$637$637to$762
2023110101228372462395249128844338842161
20221541622873823012341801015427551632

Avg Days to Sell

102

61% from 2022

Typical Days to Sell

20 to 158

7 to 90 in 2022

select any:
2023
2022
2021
2020

Days on the Market Distribution - New Homes

The number of homes sold in each DOM range

to3434to6868to103103to137137to171171to205205to240240to274274to308308to470470to632632to793793to955
20237633992341691691271108957951611
202296031319013493633929132051

Avgerage

3%

-263% from 2022

Typical

0% to 6%

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-13%-13%to-8%-8%to-2%-2%to0%0%to2%2%to3%3%to5%5%to7%7%to9%9%to10%10%to12%12%to14%14%to19%19%to24%24%to28%28%to33%
20234311941641,013195153135137926849882022
20228351543902079096936171846311

Average

5%

-735% from 2022

Typical

0% to 8%

to 1% in 2022

select any:
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-26%to-20%-20%to-14%-14%to-8%-8%to-2%-2%to0%0%to3%3%to5%5%to7%7%to9%9%to11%11%to13%13%to15%15%to17%17%to21%21%to26%26%to30%30%to34%
2023239985463252882231951851087264851953
20222251224517871871285742261383431

Avgerage

2%

106% from 2022

Typical

0% to 3%

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

-26%to-19%-19%to-13%-13%to-7%-7%to-1%-1%to0%0%to1%1%to2%2%to3%3%to4%4%to5%5%to6%6%to7%7%to8%8%to14%14%to21%21%to27%27%to34%
2023119101878234221202151123827045852052
202211218996217915511755562917285643
select any:
2023
2022
2021
2020

New Homes Sold Homes by Month Closed

JanuaryFebruaryMarchAprilMayDecember
20231,3581,8982,3412,0072,2302,250
20221,3201,7192,2111,7861,8632,092
select any:
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20232,0871,9442,0852,5372,8573,536
20221,6161,6881,7922,2982,7653,291
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
20232,1912,2782,3301,7878491,003
20221,8951,9291,6771,1517791,037
select any:
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$173k$186k$198k$211k$224k$236k$249k$265k$286k$307k$328k$349k$370k$391k$412k$433k$453k$474k$495k$516k$537k$558k$579k$819k$1.3M$1.7M$2.2M$2.7M$3.1M
202313199119655168647391869110812510591991061189711812610311313014318414540216
202220542650433935403353587652775972615678756976718311518050171231
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

$75.11$95.55$105.78$116$126.22$136.44$143.91$148.62$153.33$158.05$162.76$167.47$172.19$176.9$181.61$186.32$191.04$195.75$200.46$205.17$209.89$214.6$261.16$349.57$437.97$526.38
202310773132113116106105918888798610010998115951171228995108105151120160
2022101839244559475749626550595159534953717365657595142599436
select any:
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

8149171,0201,1241,2271,3301,4331,5341,6321,7291,8271,9252,0232,1212,2182,3162,4142,5122,6102,7072,8052,9033,0013,3233,8694,4154,9615,5086,600
202313118676636078811019781881187710311489111122110123128122123135138141170232
2022364847303951414860524949726561607973896372684675132455661
select any:
2023
2022
2021
2020

Average Days-to-Sell for Each Month

JanuaryFebruaryMarchAprilMayDecember
2023929910711210288
2022727772716369
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

8049731,0581,1421,2261,3111,4061,5121,6181,7241,8301,9362,0422,1482,2542,3602,4662,5732,6792,7852,8912,9973,3233,8694,4154,9615,5086,600
2023$365$190$194$205$192$175$199$183$187$182$177$181$169$173$168$174$178$166$171$172$185$185$178$214$241$319$348$262
2022$574$217$164$209$166$201$187$194$191$184$195$178$186$173$182$176$180$174$187$167$166$180$182$194$237$268$362$612

Available Units

9,383

Total Sold

2,230

Average

5%

-735% from 2022

Typical Discount

0% to 8%

to 1% in 2022

Available Units

9,383

Total Sold

2,230

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.