Greater Houston Real Estate

Quarterly Market Statistics - 2023 Q1

From January 1st to March 30th, 2023

Units Sold:

17,564

Average Sold Price:

$392,294

Average Sold Discount:

6%

Average Price Reduction:

3%

Average DOM:

73

Sold Listings

17,564

-24% from 2022

Average

$392,294

0% from 2022

Typical

$251k to $438k

$250k to $438k in 2022

select any:
2023
2022
2021
2020

Homes Sold per Price Range

A visual price spectrum representation

$1kto$40k$40kto$78k$78kto$117k$117kto$155k$155kto$227k$227kto$298k$298kto$370k$370kto$442k$442kto$513k$513kto$585k$585kto$657k$657kto$728k$728kto$800k$800kto$2.6M$2.6Mto$4.4M$4.4Mto$6.2M$6.2Mto$8.0M
2023111112854392,1094,4653,5912,2701,3567836383632638294173
2022151213946222,7905,7774,6233,1961,8051,0318004883251,13454105

Average

$171

1% from 2022

Typical

$136 to $184

$132 to $184 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$26$26to$51$51to$77$77to$102$102to$123$123to$144$144to$165$165to$186$186to$207$207to$228$228to$249$249to$270$270to$291$291to$473$473to$655$655to$837$837to$1,019
20234301796631,7073,3824,1533,2051,551823474293183725122255
20225372178952,7334,9445,2033,6311,9671,0515673742851,017182298

Avg Days to Sell

73

62% from 2022

Typical Days to Sell

12 to 109

4 to 60 in 2022

select any:
2023
2022
2021
2020

Days on the Market Distribution

The number of homes sold in each DOM range

to2525to5050to7575to100100to126126to151151to176176to201201to226226to510510to794794to1,0781,078to1,362
20236,4892,6341,9411,6181,2729497446204178393344
202213,9052,8011,7541,2751,03073849738122750948174

Avgerage

3%

344% from 2022

Typical

0% to 6%

0% 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.)

-47%to-35%-35%to-24%-24%to-12%-12%to0%0%to2%2%to3%3%to5%5%to7%7%to8%8%to10%10%to12%12%to14%14%to15%15%to23%23%to31%31%to40%40%to48%
2023311124929,6741,3111,22799482369353449937276690166
202298871,89517,1601,1799365783892781921119715243123

Average

6%

525% from 2022

Typical

0% to 10%

-2% to 4% in 2022

select any:
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-46%to-35%-35%to-24%-24%to-13%-13%to-2%-2%to0%0%to3%3%to5%5%to8%8%to10%10%to12%12%to15%15%to17%17%to20%20%to27%27%to35%35%to42%42%to50%
20231012418113,4082,4382,6442,1261,5961,2809857395486701295423
202215262665,2326,9713,5122,8051,647959577371226154229823213

Avgerage

3%

1083% from 2022

Typical

0% to 5%

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

-42%to-32%-32%to-22%-22%to-12%-12%to-2%-2%to-1%-1%to1%1%to2%2%to4%4%to5%5%to7%7%to8%8%to10%10%to11%11%to21%21%to31%31%to40%40%to50%
202378408228235,1132,6782,5031,8091,268776476355725117297
20229222784,4642,0897,1173,0602,2801,42180353734121045270252
select any:
2023
2022
2021
2020

Sold Homes by Month Closed

JanuaryFebruaryMarch
20234,5905,8437,131
20226,6057,6048,982
select any:
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20235,0874,2923,7295,8607,85211,678
20226,9195,7923,8815,7837,82411,538
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
20236,3165,8511,8918271,2173,165
20227,9136,8221,9298331,2363,179
select any:
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$65k$86k$108k$130k$151k$173k$194k$216k$237k$259k$280k$302k$324k$345k$367k$388k$410k$431k$453k$475k$496k$518k$539k$793k$1.3M$1.8M$2.3M$2.7M$3.2M$3.7M
202369555243505358506461687372778081907778858587908792108118108133181
202251555347393634282833343340404447494950605853596592112158216239268
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

$31.35$44.86$58.38$71.9$85.42$98.94$112.45$122.16$128.04$133.93$139.82$145.71$151.59$157.48$163.37$169.25$175.14$181.03$186.92$192.8$198.69$204.58$210.46$262.53$360.76$458.99$557.23$655.46$753.69$851.93
20233850515756677068676970686869657076787187828895809292858392121
2022153066393840363031303135343639394550526366646674737166187302198
select any:
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

5596737879011,0141,1281,2421,3551,4681,5801,6931,8061,9182,0312,1432,2562,3682,4812,5932,7062,8192,9313,0443,5814,5435,5056,4677,4288,3909,352
202340595466565854596265656974787170778279848480848879118139140140166
20225862564850374335373737414041424244464443445348556790165112269252
select any:
2023
2022
2021
2020

Year Built versus Time-to-Sell

Buyer demand trends from the Roaring Twenties to modern marvels

18921906192019341948196219761984198719891992199419971999200220042007200920122014201720192022
2023108817974686757466159555855625864666073666464110
2022275105787659574135343033323734403539372834323769
select any:
2023
2022
2021
2020

Average Days-to-Sell for Each Month

JanuaryFebruaryMarch
2023697576
2022444844
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

5446297147998839681,0531,1581,2831,4081,5341,6591,7841,9102,0352,1602,2852,4112,5362,6612,7872,9123,0373,5814,5435,5056,4677,4288,3909,352
2023$272$183$180$232$196$180$183$178$175$172$172$166$167$162$164$161$160$162$161$161$158$166$171$175$202$265$310$373$393$464
2022$257$192$201$211$196$182$178$185$185$176$173$167$166$162$161$161$160$162$159$154$151$158$166$170$201$244$247$349$392$400

Available Units

9,463

Total Sold

5,360

Average

6%

525% from 2022

Typical Discount

0% to 10%

-2% 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 January 1st to March 30th, 2023

Units Sold:

5,360

Average Sold Price:

$403,335

Average Sold Discount:

8%

Average Price Reduction:

5%

Average DOM:

100

Sold Listings

5,360

8% from 2022

Average

$403,335

-2% from 2022

Typical

$280k to $445k

$289k to $451k in 2022

select any:
2023
2022
2021
2020

New Homes Sold per Price Range

A visual price spectrum representation

$105kto$135k$135kto$165k$165kto$195k$195kto$225k$225kto$279k$279kto$333k$333kto$387k$387kto$441k$441kto$495k$495kto$549k$549kto$603k$603kto$657k$657kto$711k$711kto$2.5M$2.5Mto$4.4M$4.4Mto$6.2M$6.2Mto$8.0M
2023217372041,0501,192913575408215202162115256822
202257391238641,04685966944623619314585229741

Average

$177

1% from 2022

Typical

$150 to $188

$149 to $190 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

$58to$76$76to$94$94to$112$112to$130$130to$143$143to$156$156to$169$169to$183$183to$196$196to$209$209to$222$222to$235$235to$248$248to$413$413to$577$577to$741$741to$905
202313172475838941,017955617322231122772253751
20221212885758018438315693832451077017421103

Avg Days to Sell

100

37% from 2022

Typical Days to Sell

26 to 153

12 to 111 in 2022

select any:
2023
2022
2021
2020

Days on the Market Distribution - New Homes

The number of homes sold in each DOM range

to3030to6060to9090to120120to151151to181181to211211to241241to271271to457457to644644to830830to1,016
20231,5108506235694373933082391632313412
20221,9867935865113712622019048841534

Avgerage

5%

-27500% from 2022

Typical

0% to 10%

to 0% 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-23%-23%to-12%-12%to-1%-1%to1%1%to3%3%to5%5%to7%7%to9%9%to11%11%to13%13%to15%15%to17%17%to21%21%to24%24%to28%28%to31%
20231522601,85339446144745839333328020119557115
202252511,1772,72238727315699422212111

Average

8%

652% from 2022

Typical

2% to 13%

0% to 3% in 2022

select any:
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-38%to-29%-29%to-19%-19%to-10%-10%to-1%-1%to2%2%to4%4%to6%6%to9%9%to11%11%to13%13%to16%16%to18%18%to20%20%to24%24%to29%29%to33%33%to37%
20232682509785415235595995204623652742243932
202259451,1352,06073547724313758221322122

Avgerage

3%

162% from 2022

Typical

0% to 5%

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

-23%to-17%-17%to-12%-12%to-6%-6%to0%0%to1%1%to2%2%to3%3%to5%5%to6%6%to7%7%to8%8%to10%10%to11%11%to15%15%to19%19%to23%23%to27%
202324322301,9656815704794022931891459818359189
202224354742,4618104702801669457401635421
select any:
2023
2022
2021
2020

New Homes Sold Homes by Month Closed

JanuaryFebruaryMarch
20231,3581,8982,104
20221,3201,7191,919
select any:
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20231,3621,1551,5032,3462,8793,323
20221,0441,1111,4822,2932,8593,222
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
20231,9421,6276204957251,293
20221,4071,1175234987441,310
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$259k$278k$297k$316k$334k$353k$372k$391k$409k$428k$447k$466k$484k$503k$522k$541k$793k$1.3M$1.8M$2.3M$2.7M$3.2M$3.7M
20231699639654554786677851019910312010911911310111712211612810612613114125284279480
2022451144327363744485762686873777478847679907276100971541333228837996
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

$86.56$103.03$111.26$119.49$127.72$135.95$142.31$146.8$151.28$155.77$160.26$164.74$169.23$173.72$178.21$182.69$187.18$191.67$196.15$200.64$205.13$209.61$242.21$302.91$363.62$424.32$485.03$545.73$606.44
2023761249873839610096919485919610210110297110105114121120107123100139181125383
2022666232355162656960716264666177728797928180921371721532821,385
select any:
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

6757969171,0381,1591,2801,4011,5081,6021,6951,7891,8831,9762,0702,1642,2572,3512,4452,5392,6322,7262,8202,9133,3834,2285,0745,9196,7657,610
2023361436107546086739187918610710210090102109113109123136122130128103231189127
20224111641363746555971715777657073747686787868789690117108178312126
select any:
2023
2022
2021
2020

Average Days-to-Sell for Each Month

JanuaryFebruaryMarch
20239299106
2022727771
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

6657648649631,0621,1621,2611,3631,4661,5691,6721,7751,8781,9812,0842,1872,2902,3932,4962,5992,7032,8062,9093,3834,2285,0745,9196,7657,610
2023$218$373$173$167$195$176$184$186$181$181$172$179$168$168$167$165$160$170$179$165$163$160$170$187$224$294$426$443$491
2022$173$181$154$176$195$198$188$185$181$174$174$172$178$169$170$166$165$164$182$160$156$162$172$184$208$288$293$410$533

Available Units

9,463

Total Sold

5,360

Average

8%

652% from 2022

Typical Discount

2% to 13%

0% to 3% in 2022

Available Units

9,463

Total Sold

5,360

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.