Greater Houston Real Estate

July 2023 Houston Market Conditions

From July 1st to July 31st, 2023

Units Sold:

7,602

Average Sold Price:

$426,104

Average Sold Discount:

3%

Average Price Reduction:

2%

Average DOM:

54

Sold Listings

7,602

-9% from 2022

Average

$426,104

1% from 2022

Typical

$265k to $475k

$270k to $470k in 2022

select any:
2023
2022
2021
2020

Homes Sold per Price Range

A visual price spectrum representation

$18kto$55k$55kto$92k$92kto$128k$128kto$165k$165kto$247k$247kto$328k$328kto$410k$410kto$492k$492kto$573k$573kto$655k$655kto$737k$737kto$818k$818kto$900k$900kto$2.0M$2.0Mto$3.1M$3.1Mto$4.3M$4.3Mto$5.4M
202312571071951,0532,0711,48187549837124514710034126176
20229501151991,1402,2061,7161,0476063902291401163204874

Average

$180

0% from 2022

Typical

$142 to $194

$142 to $194 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

$26to$47$47to$67$67to$88$88to$109$109to$132$132to$154$154to$177$177to$199$199to$222$222to$244$244to$267$267to$289$289to$312$312to$450$450to$589$589to$728$728to$867
2023822912598481,6371,8151,2385553451791289028271189
2022424932359001,8861,9911,3267453341831257931065153

Avg Days to Sell

54

93% from 2022

Typical Days to Sell

6 to 62

5 to 27 in 2022

select any:
2023
2022
2021
2020

Days on the Market Distribution

The number of homes sold in each DOM range

to2727to5353to8080to107107to133133to160160to187187to213213to240240to571571to902902to1,2321,232to1,563
20234,2181,253611410246147124103107372821
20226,2081,0733702231368062482810451

Avgerage

2%

131% from 2022

Typical

0% to 2%

0% to 2% 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.)

-44%to-33%-33%to-22%-22%to-11%-11%to0%0%to1%1%to2%2%to3%3%to4%4%to6%6%to7%7%to8%8%to9%9%to10%10%to19%19%to29%29%to38%38%to47%
20232243164,9653353403512512021711411293214883
202213435616,13323428626818911511177532023084

Average

3%

263% from 2022

Typical

0% to 6%

to 4% 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-24%-24%to-14%-14%to-4%-4%to-2%-2%to0%0%to2%2%to4%4%to6%6%to8%8%to10%10%to12%12%to14%14%to23%23%to32%32%to41%41%to50%
202335183504591,9531,1131,07583355538828816628364258
202266731,2759642,33694886462238627418312218844178

Avgerage

2%

817% from 2022

Typical

0% to 3%

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

-41%to-32%-32%to-23%-23%to-13%-13%to-4%-4%to-2%-2%to-1%-1%to0%0%to2%2%to3%3%to5%5%to6%6%to7%7%to9%9%to19%19%to29%29%to39%39%to49%
202326173552944852,4531,0551,01166742026518832733164
2022310681,1265717692,5998357925333412311492663674
select any:
2023
2022
2021
2020

Sold Homes by Month Closed

FebruaryMarchAprilMayJuneJuly
20235,8437,9167,3618,7218,8177,602
20227,6049,9019,1439,8599,9418,343
select any:
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20237,1117,74310,40211,41012,33513,698
20228,4719,30311,58913,27213,75214,567
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
20235,6797,3278,9718,8448,9568,306
20227,5949,05310,1319,8499,8458,702
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$275k$299k$323k$347k$371k$395k$419k$444k$468k$492k$516k$540k$564k$588k$842k$1.3M$1.8M$2.3M$2.8M$3.3M$3.8M
202374373955383841444646555450665053636360545962735360951521614242
20225046563125302121221922252925292727292538322623334448388174
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

$47.75$59.6$71.45$83.29$95.14$106.99$118.84$127.81$133.92$140.03$146.14$152.25$158.36$164.47$170.58$176.68$182.79$188.9$195.01$201.12$207.23$213.34$219.44$269.37$363.11$456.85$550.6$644.34$738.08$831.82
2023130651855605450504849484953475650524764535363445878726712115966
202211176402931272219222323212226252030222829363541383849176193
select any:
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

5626767899031,0171,1301,2441,3611,4801,5991,7191,8381,9582,0772,1962,3162,4352,5542,6742,7932,9133,0323,1513,6464,5155,3846,2547,1237,9928,861
2023413069424546395146535253505350605256564756595857676474178107382
20224254376130302424202628262927242425302929273125223459801146266
select any:
2023
2022
2021
2020

Year Built versus Time-to-Sell

Buyer demand trends from the Roaring Twenties to modern marvels

18831898191319291944195919741983198619881991199419961999200120042006200920112014201720192022
202326265681584642383840212834313638383434314642162
2022728963155332420281414122121201819201517151969
select any:
2023
2022
2021
2020

Average Days-to-Sell for Each Month

FebruaryMarchAprilMayJuneJuly
2023757671625854
2022484538343228
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

5476307147988819651,0481,1561,2891,4211,5541,6871,8191,9522,0842,2172,3492,4822,6142,7472,8803,0123,1453,6464,5155,3846,2547,1237,9928,861
2023$276$195$174$205$216$189$193$183$184$189$177$172$171$174$172$169$166$171$166$170$171$175$165$189$217$238$325$373$365$411
2022$270$243$199$208$196$191$202$192$184$187$175$174$172$174$170$171$167$166$164$166$167$174$176$180$212$277$341$698$254$398

Available Units

9,387

Total Sold

1,774

Average

3%

263% from 2022

Typical Discount

0% to 6%

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 July 1st to July 31st, 2023

Units Sold:

1,774

Average Sold Price:

$438,916

Average Sold Discount:

4%

Average Price Reduction:

3%

Average DOM:

100

Sold Listings

1,774

18% from 2022

Average

$438,916

5% from 2022

Typical

$296k to $461k

$303k to $465k in 2022

select any:
2023
2022
2021
2020

New Homes Sold per Price Range

A visual price spectrum representation

$142kto$165k$165kto$188k$188kto$211k$211kto$234k$234kto$291k$291kto$349k$349kto$406k$406kto$464k$464kto$521k$521kto$579k$579kto$637k$637kto$694k$694kto$752k$752kto$1.8M$1.8Mto$2.9M$2.9Mto$3.9M$3.9Mto$5.0M
202377156031742131419412777694334681245
2022451317258342319171125955631174381

Average

$185

-1% from 2022

Typical

$155 to $196

$160 to $203 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

$107to$113$113to$120$120to$127$127to$134$134to$149$149to$165$165to$180$180to$195$195to$211$211to$226$226to$242$242to$257$257to$273$273to$406$406to$538$538to$671$671to$804
2023410324323135735829217189472526651374
2022121025175250285261210117712714411211

Avg Days to Sell

100

85% from 2022

Typical Days to Sell

20 to 134

7 to 72 in 2022

select any:
2023
2022
2021
2020

Days on the Market Distribution - New Homes

The number of homes sold in each DOM range

to3737to7474to111111to148148to186186to223223to260260to297297to334334to520520to707707to893893to1,079
2023667348236109846774673280712
202288325913677553030147122

Avgerage

3%

-707% from 2022

Typical

0% to 5%

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.)

-24%to-18%-18%to-13%-13%to-7%-7%to-2%-2%to0%0%to1%1%to3%3%to4%4%to6%6%to7%7%to9%9%to11%11%to12%12%to16%16%to20%20%to23%23%to27%
20231781133786135129108918773535519105
20223138823497803667249291213111121

Average

4%

790% from 2022

Typical

0% to 8%

to 3% in 2022

select any:
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-33%to-25%-25%to-17%-17%to-9%-9%to-1%-1%to0%0%to2%2%to4%4%to6%6%to7%7%to9%9%to11%11%to13%13%to15%15%to18%18%to22%22%to26%26%to30%
2023234804182122291931701291109143562382
202254630155318012110578422319141041

Avgerage

2%

81% 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

-34%to-26%-26%to-18%-18%to-9%-9%to-1%-1%to0%0%to1%1%to2%2%to3%3%to4%4%to5%5%to6%6%to7%7%to8%8%to11%11%to14%14%to17%17%to20%
202326818872321318013491724946592145
202221118386774155115856238291335103
select any:
2023
2022
2021
2020

New Homes Sold Homes by Month Closed

FebruaryMarchAprilMayJuneJuly
20231,8982,3412,0072,2302,1861,774
20221,7192,2111,7861,8631,9881,506
select any:
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20232,3162,3842,7483,1603,2723,439
20221,9572,0462,3742,7673,0403,203
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
20231,9992,3492,5772,4172,2412,161
20221,9222,1852,1371,7891,6181,640
select any:
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$148k$165k$182k$199k$216k$233k$250k$268k$288k$307k$326k$346k$365k$384k$404k$423k$442k$462k$481k$500k$520k$539k$559k$806k$1.3M$1.8M$2.2M$2.7M$3.2M$3.7M
2023124288210537965080769010284106105921061101241021321171299111915119615427713712
202225367504324243750455452476463574551625658674568911257320750
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

$111.45$116.46$121.48$126.5$131.51$136.53$141.55$146.33$150.86$155.4$159.94$164.47$169.01$173.55$178.08$182.62$187.16$191.69$196.23$200.77$205.3$209.84$214.38$258.98$343.66$428.34$513.01$597.69$682.37$767.04
202336901161121098293759111810699114869483797912579631159610715722817017039751
20228843542464735495346624843435942504749625954756061141116128111
select any:
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

8499471,0451,1431,2411,3381,4361,5311,6231,7141,8051,8971,9882,0802,1712,2632,3542,4462,5372,6292,7202,8122,9033,4024,3095,2166,1237,0297,936
202326560118845270828198869384708710310314490102112859813612817014512628412
202223227403632363553544443605251536163678643457963449731600200512
select any:
2023
2022
2021
2020

Average Days-to-Sell for Each Month

FebruaryMarchAprilMayJuneJuly
20239910711210210199
2022777271636454
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

8409211,0021,0821,1631,2441,3241,4141,5131,6121,7111,8101,9092,0082,1072,2062,3052,4042,5032,6022,7012,8002,8993,4024,3095,2166,1237,0297,936
2023$338$169$167$218$177$192$191$185$191$189$177$177$181$174$171$170$168$172$193$172$168$169$179$189$269$271$459$625$642
2022$186$173$216$181$193$196$199$194$191$189$188$187$192$173$183$186$170$180$179$166$179$165$187$194$289$415$347$462$628

Available Units

9,385

Total Sold

1,774

Average

4%

790% from 2022

Typical Discount

0% to 8%

to 3% in 2022

Available Units

9,385

Total Sold

1,774

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.