Greater Houston Real Estate

September 2023 Houston Market Conditions

From September 1st to September 30th, 2023

Units Sold:

6,879

Average Sold Price:

$415,449

Average Sold Discount:

4%

Average Price Reduction:

2%

Average DOM:

57

Sold Listings

6,879

-12% from 2022

Average

$415,449

1% from 2022

Typical

$260k to $460k

$261k to $457k in 2022

select any:
2023
2022
2021
2020

Homes Sold per Price Range

A visual price spectrum representation

$1kto$41k$41kto$80k$80kto$120k$120kto$159k$159kto$239k$239kto$318k$318kto$398k$398kto$478k$478kto$558k$558kto$637k$637kto$717k$717kto$797k$797kto$877k$877kto$3.8M$3.8Mto$6.8M$6.8Mto$9.8M$9.8Mto$12.8M
2023233922158531,9101,42478148229822712791333812
20223501162031,0232,0291,6041,01855834321715111235681

Average

$180

2% from 2022

Typical

$141 to $194

$139 to $193 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$28$28to$55$55to$81$81to$108$108to$132$132to$156$156to$180$180to$203$203to$227$227to$251$251to$275$275to$298$298to$322$322to$594$594to$866$866to$1,137$1,137to$1,409
202317682688101,6331,69694855423713998603172421
2022113833101,0081,9121,7681,1795852711639768299144

Avg Days to Sell

57

43% from 2022

Typical Days to Sell

8 to 71

7 to 51 in 2022

select any:
2023
2022
2021
2020

Days on the Market Distribution

The number of homes sold in each DOM range

to2525to4949to7474to9898to123123to147147to172172to196196to221221to573573to924924to1,2761,276to1,627
20233,2351,2517564822922231339270337611
20224,1351,644861460218130100643913341

Avgerage

2%

10% 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.)

-35%to-26%-26%to-17%-17%to-9%-9%to0%0%to1%1%to2%2%to4%4%to5%5%to6%6%to7%7%to8%8%to10%10%to11%11%to20%20%to30%30%to39%39%to48%
20232283324,03536643638530420319714511328444115
202244333764,69137440737834127220615914433039102

Average

4%

10% from 2022

Typical

0% to 7%

0% to 7% in 2022

select any:
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-49%to-38%-38%to-26%-26%to-14%-14%to-3%-3%to0%0%to2%2%to4%4%to6%6%to8%8%to10%10%to13%13%to15%15%to17%17%to25%25%to33%33%to41%41%to49%
202333213165091,9311,187887629446275206105243702011
202224216056802,0951,20789669448836922913824075226

Avgerage

2%

13% from 2022

Typical

0% to 4%

0% to 4% 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

-44%to-34%-34%to-24%-24%to-13%-13%to-3%-3%to-1%-1%to0%0%to2%2%to3%3%to4%4%to6%6%to7%7%to9%9%to10%10%to20%20%to30%30%to39%39%to49%
202344213143452,0599181,04177748528615911527551135
202215185154392,4119761,14078845931422313829456122
select any:
2023
2022
2021
2020

Sold Homes by Month Closed

MarchAprilMayJuneJulyAugustSeptember
20237857,3618,7218,8177,6028,0006,879
20229199,1439,8599,9418,3438,4397,792
select any:
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20233,7765,95010,62412,22213,95516,769
20223,4986,01011,60013,95315,08418,062
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
20235792,0237,8738,9809,2839,545
20221,0032,8189,08810,05410,2469,943
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$245k$268k$291k$314k$337k$360k$383k$407k$430k$453k$476k$499k$522k$545k$568k$824k$1.3M$1.8M$2.3M$2.8M$3.3M$3.8M
20233155555943475343395055566055616459756068564578676798771234316
202242422740312728253130363838404143424947444746485349588666110306
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

$57.25$67.66$78.08$88.5$98.91$109.33$119.74$128$134.1$140.2$146.3$152.4$158.5$164.6$170.7$176.8$182.91$189.01$195.11$201.21$207.31$213.41$219.51$269.95$364.72$459.5$554.27$649.05$743.83
20236746365554495255465556555451544864556459676261667368886381
2022120293334373634313630363234373637384147385555475343875223533
select any:
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

5586697808911,0021,1131,2241,3361,4481,5601,6721,7841,8952,0072,1192,2312,3432,4552,5672,6792,7912,9033,0143,5484,5045,4596,4157,3708,326
202358695859456056455051525249625555565864585654736564936074159
202238283338343535303531364238413539434346454538404452601121912490
select any:
2023
2022
2021
2020

Year Built versus Time-to-Sell

Buyer demand trends from the Roaring Twenties to modern marvels

18931907192019341948196119751983198619881991199419961999200120042006200920112014201720192022
202344486888635542353748373535453943454540475251173
20222434514748383129243234302931303039323434323363
select any:
2023
2022
2021
2020

Average Days-to-Sell for Each Month

MarchAprilMayJuneJulyAugustSeptember
202375716258545457
202250383432283240
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

5436247057868679481,0291,1331,2581,3831,5081,6331,7581,8832,0082,1332,2582,3832,5082,6332,7582,8833,0083,5484,5045,4596,4157,3708,326
2023$295$213$193$232$200$187$177$193$190$181$182$178$171$171$169$167$167$169$172$166$168$173$184$184$217$255$285$462$529
2022$396$220$198$189$188$192$189$185$183$182$176$171$168$169$169$169$168$163$164$162$167$175$170$182$210$252$309$391$399$408

Available Units

9,390

Total Sold

1,919

Average

4%

10% from 2022

Typical Discount

0% to 7%

0% to 7% 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 September 1st to September 30th, 2023

Units Sold:

1,919

Average Sold Price:

$411,342

Average Sold Discount:

4%

Average Price Reduction:

2%

Average DOM:

84

Sold Listings

1,919

9% from 2022

Average

$411,342

-5% from 2022

Typical

$293k to $446k

$302k to $465k in 2022

select any:
2023
2022
2021
2020

New Homes Sold per Price Range

A visual price spectrum representation

$137kto$158k$158kto$180k$180kto$202k$202kto$223k$223kto$282k$282kto$341k$341kto$399k$399kto$458k$458kto$517k$517kto$575k$575kto$634k$634kto$692k$692kto$751k$751kto$1.9M$1.9Mto$3.0M$3.0Mto$4.2M$4.2Mto$5.3M
202381423513025133492021489252462386811
20224483024441634324411798485452849

Average

$182

-3% from 2022

Typical

$154 to $195

$161 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

$101to$109$109to$117$117to$124$124to$132$132to$145$145to$159$159to$173$173to$186$186to$200$200to$214$214to$227$227to$241$241to$255$255to$381$381to$507$507to$634$634to$760
20233122457196338358294224148945122672234
2022313261472132883142841781145130642141

Avg Days to Sell

84

32% from 2022

Typical Days to Sell

16 to 110

13 to 88 in 2022

select any:
2023
2022
2021
2020

Days on the Market Distribution - New Homes

The number of homes sold in each DOM range

to3737to7474to110110to147147to184184to221221to258258to294294to331331to421421to511511to601601to691
20238013992421697249273628642543
20228113992251168544222981241

Avgerage

2%

10% from 2022

Typical

0% to 4%

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.)

-14%to-11%-11%to-8%-8%to-5%-5%to-2%-2%to0%0%to1%1%to2%2%to4%4%to5%5%to7%7%to8%8%to9%9%to11%11%to16%16%to21%21%to27%27%to32%
202332108113289413313114794875256691764
202272545109118747100819974776962105252

Average

4%

-3% from 2022

Typical

0% to 7%

0% to 8% in 2022

select any:
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-37%to-28%-28%to-20%-20%to-11%-11%to-2%-2%to0%0%to2%2%to4%4%to5%5%to7%7%to9%9%to10%10%to12%12%to14%14%to21%21%to28%28%to35%35%to42%
20231110835082222402151641451077056801231
202214615444717515616312512210910458104203

Avgerage

2%

-15% 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

-44%to-34%-34%to-23%-23%to-12%-12%to-2%-2%to-1%-1%to0%0%to1%1%to3%3%to4%4%to5%5%to6%6%to7%7%to8%8%to15%15%to22%22%to29%29%to36%
202311688657552172131641229452458682
202214615671817919912611881533610112101
select any:
2023
2022
2021
2020

New Homes Sold Homes by Month Closed

MarchAprilMayJuneJulyAugustSeptember
20232372,0072,2302,1861,7741,8621,919
20222921,7861,8631,9881,5061,6331,756
select any:
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20231,7052,2833,0193,5853,8873,912
20221,7372,0232,6913,1813,5773,558
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
20234571,0462,4012,5402,4982,722
20228391,4342,1481,9711,9472,066
select any:
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$142k$158k$175k$192k$208k$225k$242k$259k$277k$295k$313k$331k$349k$367k$385k$403k$421k$439k$457k$474k$492k$510k$528k$683k$974k$1.3M$1.6M$1.8M$2.1M$2.4M
2023168577710454594867607480718391881148093996810491831131061046521723628
2022422755184446493862585755597371617971847481824877928361122205114
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

$105.9$111.37$116.83$122.29$127.76$133.22$138.69$143.73$148.36$152.99$157.62$162.25$166.88$171.51$176.13$180.76$185.39$190.02$194.65$199.28$203.91$208.54$213.17$254.38$332.17$409.96$487.76$565.55$721.14
2023133772593925710184779181837479667510571819176106809910712799126274
20225157737349636157696156505067506178585675718264691046170101118107
select any:
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

6797999191,0391,1591,2791,3991,5041,5931,6821,7711,8601,9492,0382,1282,2172,3062,3952,4842,5732,6632,7522,8413,2163,8774,5385,1995,8606,5217,182
2023561343879345100559470766183858658119811059283779110613871117226472
20223257303846443851615556597168635563807978855669738310364109
select any:
2023
2022
2021
2020

Average Days-to-Sell for Each Month

MarchAprilMayJuneJulyAugustSeptember
2023115112102101999384
202278716364546164
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

6687658639611,0581,1561,2531,3511,4501,5491,6481,7471,8461,9452,0442,1432,2422,3412,4402,5392,6382,7372,8363,2163,8774,5385,1995,8606,5217,182
2023$221$384$189$176$197$175$178$181$187$190$180$186$173$178$169$171$168$169$174$174$160$165$185$193$209$258$277$201$128$568
2022$180$243$219$202$194$204$185$202$193$196$186$184$180$179$171$177$177$182$179$173$168$173$183$201$229$291$364$243

Available Units

9,388

Total Sold

1,919

Average

4%

-3% from 2022

Typical Discount

0% to 7%

0% to 8% in 2022

Available Units

9,388

Total Sold

1,919

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.