Greater Houston Real Estate

August 2023 Houston Market Conditions

From August 1st to August 31st, 2023

Units Sold:

8,000

Average Sold Price:

$419,846

Average Sold Discount:

4%

Average Price Reduction:

2%

Average DOM:

54

Sold Listings

8,000

-5% from 2022

Average

$419,846

3% from 2022

Typical

$260k to $470k

$260k to $460k in 2022

select any:
2023
2022
2021
2020

Homes Sold per Price Range

A visual price spectrum representation

$25kto$60k$60kto$95k$95kto$130k$130kto$165k$165kto$245k$245kto$325k$325kto$405k$405kto$485k$485kto$565k$565kto$645k$645kto$725k$725kto$805k$805kto$885k$885kto$3.6M$3.6Mto$6.3M$6.3Mto$9.0M$9.0Mto$11.8M
20234681131971,0972,1571,547944554381254168115393521
202216751352371,1992,1551,7221,03058336927516011336171

Average

$180

2% from 2022

Typical

$143 to $194

$140 to $192 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

$31to$51$51to$70$70to$89$89to$108$108to$132$132to$155$155to$179$179to$202$202to$226$226to$249$249to$272$272to$296$296to$319$319to$570$570to$820$820to$1,070$1,070to$1,320
20231031892699201,7542,0061,24859432815395843603523
20221035992641,0421,9722,0531,281652323178104733002922

Avg Days to Sell

54

68% from 2022

Typical Days to Sell

7 to 65

6 to 37 in 2022

select any:
2023
2022
2021
2020

Days on the Market Distribution

The number of homes sold in each DOM range

to2626to5252to7878to104104to130130to156156to182182to208208to234234to443443to651651to860860to1,068
20234,1711,414736478298182126105893643322
20225,5101,456613287169123775038100631

Avgerage

2%

33% from 2022

Typical

0% to 3%

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.)

-47%to-35%-35%to-23%-23%to-12%-12%to0%0%to1%1%to2%2%to3%3%to5%5%to6%6%to7%7%to8%8%to9%9%to10%10%to20%20%to29%29%to39%39%to48%
20232453275,09439144935530223716314810633547144
20222344815,6322993853702442081411381173154371

Average

4%

45% from 2022

Typical

0% to 6%

to 5% in 2022

select any:
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-46%to-36%-36%to-25%-25%to-14%-14%to-3%-3%to-1%-1%to1%1%to3%3%to5%5%to7%7%to9%9%to11%11%to13%13%to15%15%to24%24%to32%32%to40%40%to48%
202335183715202,0201,3251,156864532345270152286643416
202236268768262,2141,1931,01868249733721716026374167

Avgerage

2%

57% from 2022

Typical

0% to 4%

to 3% 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

-45%to-35%-35%to-24%-24%to-14%-14%to-3%-3%to-2%-2%to-1%-1%to1%1%to2%2%to4%4%to5%5%to7%7%to8%8%to9%9%to19%19%to29%29%to38%38%to48%
202312173773245242,6131,2111,02765042627415333048193
202225217434796972,7711,19685154135525014431254134
select any:
2023
2022
2021
2020

Sold Homes by Month Closed

MarchAprilMayJuneJulyAugust
20237,9167,3618,7218,8177,6028,000
20229,9019,1439,8599,9418,3438,439
select any:
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20235,5847,69110,72411,93913,35515,866
20225,7469,11011,89613,68014,58417,075
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
20231,8176,3839,0128,9219,1899,329
20222,7008,11810,2419,97410,1089,744
select any:
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$66k$88k$110k$133k$155k$177k$199k$222k$246k$271k$295k$319k$344k$368k$392k$417k$441k$465k$490k$514k$538k$563k$587k$837k$1.3M$1.8M$2.3M$2.7M$3.2M$3.7M
202347693636394949454440485257616656665256495672546471908276160191
20224026363637252626242326293332333934374133393139354545180133128187
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

$40.1$53.12$66.14$79.16$92.17$105.19$118.21$127.74$133.79$139.85$145.9$151.95$158$164.06$170.11$176.16$182.21$188.27$194.32$200.37$206.43$212.48$218.53$263.74$348.11$432.49$516.86$601.23$685.6$769.98
202311025664348504754485047514750425256495755696372608387921027520
2022355648182930292525262826272927303331354241424143426111911562
select any:
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

5776887999101,0211,1321,2431,3581,4791,6001,7211,8411,9622,0832,2042,3242,4452,5662,6872,8072,9283,0493,1703,6454,4765,3066,1376,9687,7988,629
202330624941524249434749525665524753535765616163475461868859147207
20222930243038372827262933303333343331453235313527303551771077521
select any:
2023
2022
2021
2020

Year Built versus Time-to-Sell

Buyer demand trends from the Roaring Twenties to modern marvels

18941907192119351948196219751983198619881991199419961999200120042006200920112014201720192022
2023562017549544442424629374142393735403839384351159
20226249253848412725261521232124202423242024202659
select any:
2023
2022
2021
2020

Average Days-to-Sell for Each Month

MarchAprilMayJuneJulyAugust
2023767162585454
2022453834322832
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

5636467298138969791,0621,1701,3031,4361,5691,7021,8351,9682,1012,2332,3662,4992,6322,7652,8983,0313,1643,6454,4765,3066,1376,9687,7988,629
2023$288$239$218$232$207$194$170$191$184$185$175$176$170$171$174$169$171$172$163$169$169$174$169$183$216$268$304$333$266$863
2022$266$233$181$247$189$179$176$184$181$186$176$172$171$172$170$170$170$166$167$163$163$171$171$177$213$242$253$310$408$383

Available Units

9,388

Total Sold

1,862

Average

4%

45% from 2022

Typical Discount

0% to 6%

to 5% 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 August 1st to August 31st, 2023

Units Sold:

1,862

Average Sold Price:

$424,220

Average Sold Discount:

4%

Average Price Reduction:

2%

Average DOM:

93

Sold Listings

1,862

14% from 2022

Average

$424,220

-1% from 2022

Typical

$291k to $450k

$305k to $467k in 2022

select any:
2023
2022
2021
2020

New Homes Sold per Price Range

A visual price spectrum representation

$132kto$156k$156kto$181k$181kto$205k$205kto$230k$230kto$289k$289kto$349k$349kto$408k$408kto$468k$468kto$527k$527kto$586k$586kto$646k$646kto$705k$705kto$765k$765kto$3.5M$3.5Mto$6.3M$6.3Mto$9.0M$9.0Mto$11.8M
2023513225434943435720812285544718931
202212173024436234522412689585022593

Average

$184

-3% from 2022

Typical

$155 to $196

$162 to $204 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

$87to$98$98to$110$110to$122$122to$134$134to$147$147to$160$160to$174$174to$187$187to$201$201to$214$214to$227$227to$241$241to$254$254to$521$521to$787$787to$1,054$1,054to$1,320
20232114761903063453082221198659338841
202247331401992852592541551146232778

Avg Days to Sell

93

51% from 2022

Typical Days to Sell

16 to 124

11 to 86 in 2022

select any:
2023
2022
2021
2020

Days on the Market Distribution - New Homes

The number of homes sold in each DOM range

to3535to7070to105105to140140to176176to211211to246246to281281to316316to470470to623623to777777to930
20237293292451579067584645771621
202280033018512078512551220221

Avgerage

2%

184% from 2022

Typical

0% to 4%

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.)

-35%to-26%-26%to-18%-18%to-10%-10%to-2%-2%to0%0%to1%1%to3%3%to4%4%to6%6%to7%7%to9%9%to10%10%to12%12%to19%19%to27%27%to34%34%to42%
20232138815088914613312184823336751612
2022123426110075876957458592824536

Average

4%

63% from 2022

Typical

0% to 7%

to 6% in 2022

select any:
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-35%to-26%-26%to-18%-18%to-10%-10%to-2%-2%to0%0%to2%2%to4%4%to5%5%to7%7%to9%9%to10%10%to12%12%to14%14%to22%22%to30%30%to38%38%to47%
202321486450237252200196131678061781312
20221129244449191156130104866852377110

Avgerage

2%

7% from 2022

Typical

0% to 3%

0% to 3% 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-12%-12%to-7%-7%to-2%-2%to-1%-1%to1%1%to2%2%to3%3%to4%4%to5%5%to6%6%to7%7%to8%8%to15%15%to22%22%to29%29%to36%
20231177660747200204168106896238791221
20221495757754182151115815240348169
select any:
2023
2022
2021
2020

New Homes Sold Homes by Month Closed

MarchAprilMayJuneJulyAugust
20232,3412,0072,2302,1861,7741,862
20222,2111,7861,8631,9881,5061,633
select any:
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20232,1062,4452,9283,4073,5863,656
20221,9192,1232,5922,9943,3243,339
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
20239812,1052,6142,4872,4112,549
20221,3102,0792,2421,8981,8231,915
select any:
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$140k$157k$174k$192k$209k$226k$243k$261k$280k$298k$317k$336k$354k$373k$391k$410k$429k$447k$466k$485k$503k$522k$541k$753k$1.2M$1.6M$2.0M$2.4M$2.8M
2023376611813972736359637783841051051041018511811095699294106176241222118173
202282254749463249505666527063698064526373545359671089537916488
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

$90.64$107.13$115.38$123.62$131.86$140.11$146.52$151.09$155.66$160.23$164.8$169.37$173.94$178.51$183.08$187.65$192.22$196.79$201.36$205.93$210.5$215.07$253.31$325.22$397.13$469.04$540.94$612.85
2023168226628211987918887828878859396757885919610110697146160131212618
202279261610843876650596050525354494962725979615663666385249395367
select any:
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

6757969171,0381,1591,2801,4011,5071,5991,6911,7831,8741,9662,0582,1502,2422,3342,4262,5182,6092,7012,7932,8853,3574,2105,0635,9166,7687,621
202337197753714892608388978511995896982828012483114114103153176158185348
20228246382051405038477351555561727375747280623870635511339200267
select any:
2023
2022
2021
2020

Average Days-to-Sell for Each Month

MarchAprilMayJuneJulyAugust
20231071121021019993
2022727163645461
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

6657648649631,0621,1621,2611,3621,4631,5641,6651,7671,8681,9692,0702,1722,2732,3742,4752,5772,6782,7792,8803,3574,2105,0635,9166,7687,621
2023$215$391$183$166$185$177$191$187$199$178$182$193$181$176$171$168$177$176$181$165$160$170$171$184$225$333$368$224$269
2022$131$731$179$191$193$210$192$195$195$196$190$192$186$185$185$181$182$198$190$182$161$164$160$194$208$256$321$454$387

Available Units

9,387

Total Sold

1,862

Average

4%

63% from 2022

Typical Discount

0% to 7%

to 6% in 2022

Available Units

9,387

Total Sold

1,862

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.