Greater Houston Real Estate

Quarterly Market Statistics - 2023 Q4

From October 1st to December 30th, 2023

Units Sold:

18,357

Average Sold Price:

$407,314

Average Sold Discount:

5%

Average Price Reduction:

3%

Average DOM:

63

Sold Listings

18,357

-4% from 2022

Average

$407,314

1% from 2022

Typical

$260k to $450k

$257k to $450k in 2022

select any:
2023
2022
2021
2020

Homes Sold per Price Range

A visual price spectrum representation

$235to$42k$42kto$83k$83kto$125k$125kto$166k$166kto$240k$240kto$315k$315kto$389k$389kto$463k$463kto$538k$538kto$612k$612kto$686k$686kto$761k$761kto$835k$835kto$3.4M$3.4Mto$6.0M$6.0Mto$8.5M$8.5Mto$11.1M
2023101012885182,4454,8173,7722,1361,3217965893812648922232
202251253346582,6654,8113,7172,3771,3518695954322269032053

Average

$176

1% from 2022

Typical

$139 to $191

$138 to $189 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

$0to$27$27to$54$54to$81$81to$107$107to$128$128to$149$149to$169$169to$190$190to$210$210to$231$231to$251$251to$272$272to$292$292to$619$619to$946$946to$1,272$1,272to$1,599
20238291966841,9283,5794,0953,0511,8279675342932208734211
2022382258912,0453,6974,3423,1641,777944511305187899313

Avg Days to Sell

63

18% from 2022

Typical Days to Sell

10 to 85

10 to 75 in 2022

select any:
2023
2022
2021
2020

Days on the Market Distribution

The number of homes sold in each DOM range

to2424to4848to7272to9696to119119to143143to167167to191191to215215to478478to742742to1,0051,005to1,268
20237,5053,2092,1611,5271,0748195463542398377673
20228,0933,6372,3181,6251,1437225133411834872453

Avgerage

3%

-11% from 2022

Typical

0% to 5%

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.)

-33%to-24%-24%to-16%-16%to-8%-8%to0%0%to1%1%to3%3%to4%4%to6%6%to7%7%to8%8%to10%10%to11%11%to13%13%to22%22%to30%30%to39%39%to48%
2023882669110,0371,3521,2581,033878727557489335783104219
20225175355010,3191,1461,2661,1018798076265284031,178146186

Average

5%

-7% from 2022

Typical

0% to 9%

0% to 9% 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-23%-23%to-13%-13%to-2%-2%to0%0%to2%2%to5%5%to7%7%to9%9%to11%11%to13%13%to15%15%to18%18%to26%26%to34%34%to42%42%to50%
2023614578383,6382,5462,9132,3001,6961,3239746424346751714525
2022519501,1573,7982,2622,6592,1761,8121,3831,0028616329432015320

Avgerage

3%

-2% 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-33%-33%to-23%-23%to-13%-13%to-2%-2%to-1%-1%to1%1%to2%2%to3%3%to5%5%to6%6%to8%8%to9%9%to11%11%to20%20%to29%29%to39%39%to48%
2023613458508065,7322,7132,5691,9651,1667664933057341254217
2022613421,0199685,6352,6512,7091,9031,286885623400791106396
select any:
2023
2022
2021
2020

Sold Homes by Month Closed

OctoberNovemberDecember
20236,2676,0646,026
20226,7135,9046,480
select any:
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20231,4332,3393,6346,0678,43612,513
20221,4602,4023,6586,1908,40112,602
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
20231965147478741,3093,307
20222125387799131,3483,339
select any:
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$64k$87k$110k$134k$157k$180k$203k$226k$248k$270k$292k$314k$336k$358k$379k$401k$423k$445k$467k$489k$511k$533k$555k$811k$1.3M$1.8M$2.3M$2.8M$3.3M$3.8M
202351415743605341484653586265747171707579726074807074999780153162
2022606035354138354141444950595655606563596064646863598273197141149
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

$23.5$38.79$54.08$69.37$84.66$99.94$115.23$125.83$131.73$137.63$143.54$149.44$155.34$161.25$167.15$173.05$178.95$184.86$190.76$196.66$202.56$208.47$214.37$272.93$384.15$495.38$606.6$717.82$829.05$940.27
202312946462496063606260596062585965576268646368657175701104791168
2022273761444044475046495050494649505160696866576361646578636062
select any:
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

5606777949111,0281,1451,2621,3751,4841,5941,7031,8121,9222,0312,1412,2502,3592,4692,5782,6882,7972,9063,0163,5604,5405,5206,5007,4808,4609,440
20234147595653444855485956616263655971736567727174718376119154111134
20222347464243413944445051524953505358626157556659616176131133136358
select any:
2023
2022
2021
2020

Year Built versus Time-to-Sell

Buyer demand trends from the Roaring Twenties to modern marvels

18721889190619231940195719741984198719891992199519972000200220052007201020122015201820202023+
20237732986465555042454440474452525057494752566885
20229738326757494334414838373846424347424348444777
select any:
2023
2022
2021
2020

Average Days-to-Sell for Each Month

OctoberNovemberDecember
2023596072
2022465264
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

5476387298199101,0001,0911,1971,3181,4381,5591,6801,8011,9222,0432,1642,2852,4062,5262,6472,7682,8893,0103,5604,5405,5206,5007,4808,4609,440
2023$308$204$225$205$185$183$194$182$176$177$176$171$167$169$167$162$161$163$167$165$162$179$174$184$221$275$278$371$327$368
2022$231$203$215$211$183$178$185$183$177$177$172$167$171$167$164$163$169$161$162$164$166$165$171$178$218$249$318$330$452$401

Available Units

9,463

Total Sold

6,196

Average

5%

-7% from 2022

Typical Discount

0% to 9%

0% to 9% 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 October 1st to December 30th, 2023

Units Sold:

6,196

Average Sold Price:

$404,477

Average Sold Discount:

6%

Average Price Reduction:

4%

Average DOM:

86

Sold Listings

6,196

10% from 2022

Average

$404,477

-4% from 2022

Typical

$289k to $445k

$298k to $467k in 2022

select any:
2023
2022
2021
2020

New Homes Sold per Price Range

A visual price spectrum representation

$133kto$157k$157kto$180k$180kto$204k$204kto$228k$228kto$283k$283kto$337k$337kto$392k$392kto$447k$447kto$501k$501kto$556k$556kto$610k$610kto$665k$665kto$720k$720kto$3.3M$3.3Mto$5.9M$5.9Mto$8.5M$8.5Mto$11.1M
2023833582101,1021,5221,07766547930217515010530271
2022910351338741,2361,02771747730221315413130134

Average

$177

-2% from 2022

Typical

$150 to $194

$156 to $195 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

$56to$74$74to$91$91to$109$109to$127$127to$140$140to$152$152to$165$165to$178$178to$191$191to$203$203to$216$216to$229$229to$242$242to$416$416to$590$590to$764$764to$938
202311352736228109271,04475860142125213326731102
202261163646859739588706023952061392584011

Avg Days to Sell

86

10% from 2022

Typical Days to Sell

14 to 121

17 to 115 in 2022

select any:
2023
2022
2021
2020

Days on the Market Distribution - New Homes

The number of homes sold in each DOM range

to3232to6565to9797to129129to161161to194194to226226to258258to290290to535535to779779to1,0241,024to1,268
20232,4111,022722626477282177103662772742
20222,0821,02973460041931515611455114611

Avgerage

4%

-16% from 2022

Typical

0% to 7%

0% to 9% 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.)

-25%to-19%-19%to-13%-13%to-7%-7%to-1%-1%to1%1%to2%2%to4%4%to6%6%to7%7%to9%9%to11%11%to12%12%to14%14%to21%21%to27%27%to34%34%to41%
202333232812,4624245314864684073692471772544862
2022411452522,059336360425427399301280214450544

Average

6%

-17% from 2022

Typical

1% to 10%

1% to 12% in 2022

select any:
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-27%to-20%-20%to-14%-14%to-7%-7%to-1%-1%to1%1%to3%3%to5%5%to7%7%to9%9%to11%11%to13%13%to15%15%to18%18%to23%23%to29%29%to35%35%to41%
2023312212731,3197817506976235314222651812366664
202268462751,0934985145395615164143783083668952

Avgerage

2%

-19% from 2022

Typical

0% to 4%

0% to 5% 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

-40%to-30%-30%to-20%-20%to-11%-11%to-1%-1%to0%0%to1%1%to2%2%to4%4%to5%5%to6%6%to7%7%to8%8%to10%10%to17%17%to24%24%to31%31%to38%
202314202852572,6157516185193142221471322465482
202212102442032,1536305754783272732121473144853
select any:
2023
2022
2021
2020

New Homes Sold Homes by Month Closed

OctoberNovemberDecember
20231,8092,1842,203
20221,6871,7042,236
select any:
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20236739681,6192,4833,2693,734
20226981,0291,6572,6293,2653,742
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
20231542964025398141,429
20221693214325768501,454
select any:
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$143k$160k$176k$192k$209k$225k$242k$259k$277k$295k$313k$331k$349k$368k$386k$404k$422k$440k$458k$476k$494k$512k$530k$786k$1.3M$1.8M$2.3M$2.8M$3.3M$3.8M
20236210211056436251557474728192107100969710010610210979831019120315822058128
2022137588840525556646269748776779188917387887410669869810210672254339
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

$83.78$100.07$108.22$116.37$124.52$132.67$139.11$143.86$148.6$153.34$158.09$162.83$167.57$172.32$177.06$181.8$186.55$191.29$196.03$200.78$205.52$210.26$265.88$372.38$478.88$585.38$691.87
2023166267868481867980948282788880818396828278839315113919866
20228133437580827973747065647069768289949385878181748910010311919359
select any:
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

6818049271,0501,1731,2961,4191,5251,6161,7071,7981,8891,9802,0712,1622,2532,3442,4352,5262,6172,7082,7992,8903,4064,3495,2926,2357,1779,063
2023622780696148665984739074919198729599999677103124100119109825882
2022119186103504568649573626675687783871018686777610091771052506397
select any:
2023
2022
2021
2020

Average Days-to-Sell for Each Month

OctoberNovemberDecember
2023847895
2022687588
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

6717759821,0861,1891,2931,3951,4941,5931,6931,7921,8921,9912,0902,1902,2892,3882,4882,5872,6872,7862,8853,4064,3495,2926,2357,1779,063
2023$238$354$167$207$183$180$189$185$186$177$179$168$172$169$159$161$164$180$165$155$161$171$190$232$327$462$553$400
2022$458$179$171$175$192$188$184$191$186$183$183$175$172$174$169$176$172$175$175$167$162$174$177$190$220$337$497$113$755$587

Available Units

9,463

Total Sold

6,196

Average

6%

-17% from 2022

Typical Discount

1% to 10%

1% to 12% in 2022

Available Units

9,463

Total Sold

6,196

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.