Greater Houston Real Estate

January 2024 Houston Market Conditions

From January 1st to January 31st, 2024

Units Sold:

4,949

Average Sold Price:

$391,598

Average Sold Discount:

6%

Average Price Reduction:

3%

Average DOM:

76

Sold Listings

4,949

8% from 2023

Average

$391,598

3% from 2023

Typical

$255k to $432k

$247k to $425k in 2023

select any:
2024
2023
2022
2021
2020

Homes Sold per Price Range

A visual price spectrum representation

$2kto$40k$40kto$79k$79kto$117k$117kto$155k$155kto$228k$228kto$300k$300kto$373k$373kto$446k$446kto$518k$518kto$591k$591kto$664k$664kto$736k$736kto$809k$809kto$2.1M$2.1Mto$3.4M$3.4Mto$4.6M$4.6Mto$5.9M
2024531821245751,3011,034671328235140100752182622
2023736931156101,27187056134019714183601861441

Average

$172

2% from 2023

Typical

$137 to $186

$134 to $181 in 2023

select any:
2024
2023
2022
2021
2020

Number of Homes Sold by Sold Price per Square Foot

Breaking down the market by $/SF ranges

$1to$26$26to$52$52to$77$77to$102$102to$122$122to$142$142to$163$163to$183$183to$203$203to$223$223to$243$243to$264$264to$284$284to$416$416to$547$547to$679$679to$811
202448471884228211,124958546299134904817251195
2023115501944678391,07284741220812569551664074

Avg Days to Sell

76

10% from 2023

Typical Days to Sell

16 to 106

15 to 97 in 2023

select any:
2024
2023
2022
2021
2020

Days on the Market Distribution

The number of homes sold in each DOM range

to2626to5252to7979to105105to131131to157157to184184to210210to236236to449449to661661to874874to1,086
20241,729908614440354286184115702103234
20231,6428396264453242321459475147183

Avgerage

3%

-20% from 2023

Typical

0% to 5%

0% to 7% in 2023

select any:
2024
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.)

-39%to-29%-29%to-19%-19%to-10%-10%to0%0%to2%2%to3%3%to5%5%to6%6%to8%8%to9%9%to11%11%to12%12%to14%14%to23%23%to31%31%to40%40%to49%
2024371212,698415401299240181149108632102683
20232341072,3553202872572671881551381413132884

Average

6%

-13% from 2023

Typical

1% to 9%

1% to 11% in 2023

select any:
2024
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-48%to-36%-36%to-25%-25%to-13%-13%to-1%-1%to1%1%to3%3%to5%5%to7%7%to10%10%to12%12%to14%14%to16%16%to19%19%to26%26%to34%34%to41%41%to49%
2024177232894857751584484333234179118173421814
2023351225679161659852144633326120616528348245

Avgerage

3%

-4% from 2023

Typical

0% to 5%

0% to 5% in 2023

select any:
2024
2023
2022
2021
2020

Negotiated Discounts from Final List Price

The percentage difference between final list price and closed price, distributed

-33%to-25%-25%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%to20%20%to29%29%to37%37%to46%
20244232212331,51183869447328220712191201251210
202326202011891,424698639435299196121982014665
select any:
2024
2023
2022
2021
2020

Sold Homes by Month Closed

JanuaryAugustSeptemberOctoberNovemberDecember
20244,9498,0006,8796,2676,0646,032
20234,5908,4397,7926,7135,9046,503
select any:
2024
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20241,6832,3633,8476,2849,24614,690
20231,7662,4313,8006,2658,86115,110
select any:
2024
2023
2022
2021
2020

New Pending Contracts per Month

Tracking the number of homes that go from active to pending, by month

JanuaryFebruaryMarchAprilMayJune
20241,2115458039311,3843,303
20231,2706149221,0471,4993,346
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$71k$92k$113k$134k$156k$177k$198k$220k$241k$262k$284k$305k$326k$347k$369k$390k$411k$433k$454k$475k$497k$518k$539k$796k$1.3M$1.8M$2.3M$2.8M$3.3M$3.7M
20246379435252676360615675707277917475928710477829497781378863107320
202312959534243425252525560616974718282847078907490848410931132155164
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus Price per Square Foot

A closer look at how price bracket impacts the market pace

$54.18$64.43$74.68$84.92$95.17$105.42$115.66$123.63$129.32$135.02$140.71$146.4$152.09$157.79$163.48$169.17$174.86$180.56$186.25$191.94$197.63$203.33$209.02$257.62$349.13$440.64$532.15$623.66$715.17$806.68
202486535359626873738071697582676969727177687488738711610669586729
20237164554772626059656263686564646266716674948380808595809236
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

5776888009121,0231,1351,2461,3561,4641,5711,6791,7871,8952,0022,1102,2182,3262,4332,5412,6492,7572,8642,9723,4734,3665,2606,1537,0467,9408,833
2024704959707272655853696669656976807485868474849996879754182147112
2023218346664859505459556769626371667765778377757684789111414091148
select any:
2024
2023
2022
2021
2020

Year Built versus Time-to-Sell

Buyer demand trends from the Roaring Twenties to modern marvels

18891903191819321946196119751983198619891991199419961999200220042007201020122015201720202023+
20243109925484666255735375704774676358866574687699
20239869447961635938445252616558616659476264565994
select any:
2024
2023
2022
2021
2020

Average Days-to-Sell for Each Month

JanuaryAugustSeptemberOctoberNovemberDecember
2024765457596071
2023693240465264
select any:
2024
2023
2022
2021
2020

Price per Square Foot versus Total Sq Ft

The correlation between total home size and sold price per square foot

5636477318158989821,0661,1681,2881,4081,5281,6471,7671,8872,0072,1272,2472,3672,4872,6062,7262,8462,9663,4734,3665,2606,1537,0467,9408,833
2024$225$225$205$166$191$163$175$173$179$180$167$172$168$167$169$160$160$158$159$159$161$157$175$173$223$248$257$341$536$284
2023$317$200$147$205$203$164$182$170$170$167$171$166$167$161$162$158$162$151$158$153$152$162$167$173$183$218$308$258$319$283

Available Units

9,400

Total Sold

1,533

Average

6%

-13% from 2023

Typical Discount

1% to 9%

1% to 11% in 2023

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 January 31st, 2024

Units Sold:

1,533

Average Sold Price:

$398,257

Average Sold Discount:

7%

Average Price Reduction:

4%

Average DOM:

96

Sold Listings

1,533

13% from 2023

Average

$398,257

0% from 2023

Typical

$287k to $437k

$279k to $435k in 2023

select any:
2024
2023
2022
2021
2020

New Homes Sold per Price Range

A visual price spectrum representation

$115kto$141k$141kto$167k$167kto$194k$194kto$220k$220kto$274k$274kto$329k$329kto$383k$383kto$437k$437kto$491k$491kto$546k$546kto$600k$600kto$654k$654kto$708k$708kto$2.0M$2.0Mto$3.3M$3.3Mto$4.6M$4.6Mto$5.9M
20244915402453682891831167547422372311
20232643263320232155108544548186121

Average

$175

-1% from 2023

Typical

$150 to $189

$150 to $186 in 2023

select any:
2024
2023
2022
2021
2020

Number of New Homes Sold by Sold Price per Square Foot

Breaking down the market by $/SF ranges

$85to$96$96to$106$106to$116$116to$126$126to$138$138to$150$150to$162$162to$174$174to$186$186to$198$198to$209$209to$221$221to$233$233to$359$359to$484$484to$609$609to$735
20242116581211892322372341611106625581342
202312731105197252220193120714426602141

Avg Days to Sell

96

4% from 2023

Typical Days to Sell

22 to 135

26 to 137 in 2023

select any:
2024
2023
2022
2021
2020

Days on the Market Distribution - New Homes

The number of homes sold in each DOM range

to3232to6464to9797to129129to161161to193193to225225to258258to290290to467467to644644to821821to998
202451227119713612395593429521933
202340124619114511680705020354

Avgerage

4%

-26% from 2023

Typical

0% to 8%

0% to 11% in 2023

select any:
2024
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.)

-13%to-10%-10%to-7%-7%to-4%-4%to-1%-1%to1%1%to3%3%to5%5%to7%7%to8%8%to10%10%to12%12%to14%14%to16%16%to20%20%to25%25%to29%29%to34%
202431667535148164141128104714442631031
20231513344208384118106107879182972421

Average

7%

-24% from 2023

Typical

2% to 11%

3% to 14% in 2023

select any:
2024
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-12%to-9%-9%to-6%-6%to-3%-3%to0%0%to2%2%to4%4%to6%6%to8%8%to10%10%to12%12%to13%13%to15%15%to17%17%to24%24%to30%30%to36%36%to42%
2024671054302171177179162140115706169512
20234512432079611912212712910211284176151

Avgerage

2%

-21% from 2023

Typical

0% to 4%

0% to 5% in 2023

select any:
2024
2023
2022
2021
2020

Negotiated Discounts from Final Builder List Price

The percentage difference between final list price and closed price, distributed

-16%to-13%-13%to-9%-9%to-5%-5%to-2%-2%to0%0%to1%1%to2%2%to3%3%to5%5%to6%6%to7%7%to8%8%to10%10%to17%17%to25%25%to32%32%to39%
2024213144853600181168120988051286872
2023149252652616013911010969432991152
select any:
2024
2023
2022
2021
2020

New Homes Sold Homes by Month Closed

JanuaryAugustSeptemberOctoberNovemberDecember
20241,5331,8621,9191,8092,1842,208
20231,3581,6331,7561,6871,7042,250
select any:
2024
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20247871,0471,8142,6973,7574,327
20238961,1471,8772,8253,6424,147
select any:
2024
2023
2022
2021
2020

New Pending Contracts per Month

Tracking the number of homes that go from active to pending, by month

JanuaryFebruaryMarchAprilMayJune
20243983244596058991,674
20234543975737091,0091,575
select any:
2024
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$276k$294k$311k$329k$346k$364k$381k$399k$416k$434k$451k$469k$486k$504k$521k$763k$1.2M$1.7M$2.2M$2.6M$3.1M
202490121176454055545011382828396113978993117116111136861411259429353126134
202310554304238875579738599871061231211057711711911386114116143105165
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus Price per Square Foot

A closer look at how price bracket impacts the market pace

$86.41$102.28$110.21$118.14$126.07$134.01$140.13$144.46$148.78$153.1$157.42$161.74$166.07$170.39$174.71$179.03$183.36$187.68$192$196.32$200.64$204.97$236.71$295.88$355.05$414.21$473.38$532.55
20244919629611285781161141028297898682849283828112310410412380242285155
202350384358698782106818473927492829390891131201041031211001251065921090300
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

6799201,0401,1601,2801,4001,5041,5901,6761,7631,8491,9352,0222,1082,1942,2812,3672,4532,5402,6262,7122,7983,2123,9534,6945,4356,917
202410915115108425566113868482608710910011310913011610977100130104137130320
20237964865516664928987699810310184113681141051161121021211181145274
select any:
2024
2023
2022
2021
2020

Average Days-to-Sell for Each Month

JanuaryAugustSeptemberOctoberNovemberDecember
2024969384847895
2023926164687588
select any:
2024
2023
2022
2021
2020

Price per Square Foot versus Total Sq Ft

The correlation between total home size and sold price per square foot

6697699691,0681,1681,2681,3661,4611,5561,6511,7471,8421,9372,0322,1272,2232,3182,4132,5082,6042,6992,7943,2123,9534,6945,4356,1766,917
2024$228$193$157$200$173$175$176$183$193$177$182$169$170$172$166$165$159$165$167$163$163$154$183$189$280$518$197$538
2023$384$170$173$186$195$180$181$183$171$177$163$174$163$163$161$162$178$167$162$151$159$195$186$274$348$697

Available Units

9,399

Total Sold

1,533

Average

7%

-24% from 2023

Typical Discount

2% to 11%

3% to 14% in 2023

Available Units

9,399

Total Sold

1,533

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.