Greater Houston Real Estate

Quarterly Market Statistics - 2023 Q3

From July 1st to September 30th, 2023

Units Sold:

22,481

Average Sold Price:

$420,617

Average Sold Discount:

4%

Average Price Reduction:

2%

Average DOM:

55

Sold Listings

22,481

-9% from 2022

Average

$420,617

2% from 2022

Typical

$262k to $469k

$265k to $463k in 2022

select any:
2023
2022
2021
2020

Homes Sold per Price Range

A visual price spectrum representation

$1kto$42k$42kto$83k$83kto$124k$124kto$165k$165kto$245k$245kto$326k$326kto$407k$407kto$487k$487kto$568k$568kto$648k$648kto$729k$729kto$809k$809kto$890k$890kto$3.9M$3.9Mto$6.8M$6.8Mto$9.8M$9.8Mto$12.8M
2023121293276553,2116,1624,3312,5131,5251,0307124403061,1041923
202291473757163,5516,4014,9722,9971,7131,0717444423331,077232

Average

$180

1% from 2022

Typical

$142 to $194

$141 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$82$82to$109$109to$132$132to$155$155to$178$178to$201$201to$224$224to$248$248to$271$271to$294$294to$317$317to$590$590to$863$863to$1,136$1,136to$1,409
20234292078822,5704,9855,5463,4381,7119024783352301,0338153
20222402348922,9335,7495,8223,8291,9569245263412229825393

Avg Days to Sell

55

65% from 2022

Typical Days to Sell

7 to 66

5 to 38 in 2022

select any:
2023
2022
2021
2020

Days on the Market Distribution

The number of homes sold in each DOM range

to2626to5252to7878to104104to130130to156156to182182to208208to234234to582582to931931to1,2791,279to1,627
202311,6133,9362,1641,3288555323713012511,1071922
202215,8584,2191,877932508326239152103329153

Avgerage

2%

40% 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%
2023481499214,1141,1151,1891,0748666025494373579331443412
2022410811,46616,4629281,0591,000733602436404283888121247

Average

4%

55% 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

-49%to-38%-38%to-26%-26%to-15%-15%to-3%-3%to-1%-1%to1%1%to3%3%to5%5%to7%7%to9%9%to11%11%to13%13%to15%15%to24%24%to33%33%to41%41%to50%
2023811521,0501,5015,6553,7423,2122,2621,5481,0777424478092018230
20221014992,8482,4696,3323,4282,8121,9621,4089966764377471935420

Avgerage

2%

74% 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%to39%39%to49%
2023513481,0569221,4367,3953,6192,7641,8251,1067344209361294813
20228151002,4211,5271,8978,0023,2792,5101,5691,0157284198871543010
select any:
2023
2022
2021
2020

Sold Homes by Month Closed

JulyAugustSeptember
20237,6028,0006,879
20228,3438,4397,792
select any:
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20231,6882,7384,5037,57611,45117,455
20221,7422,6834,2767,24011,28318,748
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
20232195648671,1552,5489,233
20222856561,0541,3242,7599,711
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$270k$294k$318k$342k$366k$390k$415k$439k$463k$487k$511k$535k$559k$583k$838k$1.3M$1.8M$2.3M$2.8M$3.3M$3.8M
202350554151404548454246515455606157656055655561636167959812997108
202242344237302824252524283033323437343936383935344047539983135189
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

$40.11$53.14$66.16$79.19$92.22$105.25$118.27$127.83$133.92$140.01$146.1$152.19$158.28$164.37$170.46$176.55$182.64$188.72$194.81$200.9$206.99$213.08$219.17$269.63$364.45$459.28$554.1$648.93$743.75$838.58
2023899551445352505247515151514950535651625760626162787578969269
202263355230343228242826292627313028333137354444444441651197439105
select any:
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

5596727858981,0111,1241,2371,3521,4701,5881,7061,8231,9412,0592,1772,2952,4132,5312,6492,7662,8843,0023,1203,6494,5895,5296,4697,4098,3499,289
2023445657454652484747525154545749595059615553685558658472135110236
202234393243333430262628323333343132333835373335313240589514638131
select any:
2023
2022
2021
2020

Year Built versus Time-to-Sell

Buyer demand trends from the Roaring Twenties to modern marvels

18831898191319291944195919741983198619881991199419961999200120042006200920112014201720192022
202329966581584942394138313537383738413837394648164
20222743643851372724252121232524242327252324232558
select any:
2023
2022
2021
2020

Average Days-to-Sell for Each Month

JulyAugustSeptember
2023545457
2022283240
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

5446287117958799621,0461,1531,2841,4151,5451,6761,8071,9372,0682,1992,3302,4602,5912,7222,8522,9833,1143,6494,5895,5296,4697,4098,3499,289
2023$283$224$185$228$209$187$187$188$185$185$180$174$170$172$171$169$170$170$167$169$169$176$172$185$220$270$275$423$404$574
2022$312$239$194$214$193$182$189$188$185$184$176$172$171$171$170$170$168$166$165$163$166$173$173$180$212$258$306$498$266$354

Available Units

9,463

Total Sold

5,555

Average

4%

55% 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 July 1st to September 30th, 2023

Units Sold:

5,555

Average Sold Price:

$424,465

Average Sold Discount:

4%

Average Price Reduction:

2%

Average DOM:

92

Sold Listings

5,555

13% from 2022

Average

$424,465

0% from 2022

Typical

$294k to $453k

$304k to $465k in 2022

select any:
2023
2022
2021
2020

New Homes Sold per Price Range

A visual price spectrum representation

$132kto$156k$156kto$180k$180kto$205k$205kto$229k$229kto$288k$288kto$347k$347kto$405k$405kto$464k$464kto$522k$522kto$581k$581kto$640k$640kto$698k$698kto$757k$757kto$3.5M$3.5Mto$6.3M$6.3Mto$9.0M$9.0Mto$11.8M
20231636561709721,3801,0365833952501721357626891
202261332937321,1201,036619380269157137932016

Average

$184

-2% from 2022

Typical

$155 to $195

$161 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

$87to$98$98to$110$110to$121$121to$133$133to$147$147to$161$161to$175$175to$189$189to$203$203to$218$218to$232$232to$246$246to$260$260to$525$525to$790$790to$1,055$1,055to$1,320
202326532175931,0071,059903629381222124712552021
20221619934616588708587224642901478020313

Avg Days to Sell

92

53% from 2022

Typical Days to Sell

17 to 123

10 to 83 in 2022

select any:
2023
2022
2021
2020

Days on the Market Distribution - New Homes

The number of homes sold in each DOM range

to3636to7373to109109to145145to182182to218218to254254to291291to327327to515515to703703to891891to1,079
20232,1991,0597294412481821661421082522423
20222,5019695543252131286949304842

Avgerage

2%

177% from 2022

Typical

0% to 4%

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-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%
20232272674402,5444094043882532481741372294072
202228977103252,309237261228164158108102155191

Average

4%

69% 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

-37%to-28%-28%to-19%-19%to-10%-10%to-2%-2%to0%0%to2%2%to4%4%to5%5%to7%7%to9%9%to11%11%to12%12%to14%14%to22%22%to30%30%to39%39%to47%
202354172501,3926667136155334002932231632413133
202219617131,456556445386302256206168111182282

Avgerage

2%

11% 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%to1%1%to2%2%to3%3%to4%4%to5%5%to6%6%to7%7%to8%8%to15%15%to22%22%to29%29%to36%
202322122621942,2216435994743252511671232482723
202223142011872,2405504613432511721188622621191
select any:
2023
2022
2021
2020

New Homes Sold Homes by Month Closed

JulyAugustSeptember
20231,7741,8621,919
20221,5061,6331,756
select any:
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20237981,1922,0453,1063,8003,912
20229291,2062,0412,9723,6043,616
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
20231733385007551,3422,782
20222344326858991,3552,226
select any:
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$140k$157k$174k$191k$208k$225k$242k$260k$279k$298k$316k$335k$354k$372k$391k$410k$429k$447k$466k$485k$503k$522k$541k$789k$1.3M$1.7M$2.2M$2.7M$3.2M$3.7M
20231437090125687261616877858793961069789107113891021009011413119415919328912
202282344235433542535360516464666557736668645764729910424912016488
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

$90.55$106.69$114.76$122.83$130.9$138.97$145.29$149.85$154.42$158.99$163.56$168.13$172.69$177.26$181.83$186.4$190.97$195.53$200.1$204.67$209.24$213.81$258.47$343.22$427.98$512.74$597.49$682.25$767.01
2023168146519297898384968889897989918973100838410092102132184156274287108
20225442527147605756565462475156525261575874636764679091167260367
select any:
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

6757969171,0381,1591,2801,4011,5071,5991,6911,7831,8741,9662,0582,1502,2422,3342,4262,5182,6092,7012,7932,8853,3864,2955,2046,1147,0237,9328,841
2023474445788146906194809078978387939982941118598129115140141150101324228
20228233432746374043585550546360665373658266765368677094149161395216
select any:
2023
2022
2021
2020

Average Days-to-Sell for Each Month

JulyAugustSeptember
2023999384
2022546164
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

6657648649631,0621,1621,2611,3621,4631,5641,6651,7671,8681,9692,0702,1722,2732,3742,4752,5772,6782,7792,8803,3864,2955,2046,1147,0237,9328,841
2023$217$380$182$169$188$183$184$185$195$184$180$188$176$179$171$168$169$171$181$172$166$166$173$189$252$310$394$466$565$1,320
2022$131$291$222$201$199$199$192$198$198$193$188$188$183$187$174$180$183$181$183$179$163$167$172$195$220$298$382$382$600$735

Available Units

9,463

Total Sold

5,555

Average

4%

69% from 2022

Typical Discount

0% to 7%

to 6% in 2022

Available Units

9,463

Total Sold

5,555

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.