Greater Houston Real Estate

February 2024 Houston Market Conditions

From February 1st to February 29th, 2024

Units Sold:

6,117

Average Sold Price:

$399,357

Average Sold Discount:

5%

Average Price Reduction:

2%

Average DOM:

76

Sold Listings

6,117

5% from 2023

Average

$399,357

4% from 2023

Typical

$259k to $449k

$250k to $430k in 2023

select any:
2024
2023
2022
2021
2020

Homes Sold per Price Range

A visual price spectrum representation

$180to$40k$40kto$80k$80kto$120k$120kto$160k$160kto$234k$234kto$309k$309kto$383k$383kto$458k$458kto$532k$532kto$607k$607kto$681k$681kto$755k$755kto$830k$830kto$1.9M$1.9Mto$3.0M$3.0Mto$4.1M$4.1Mto$5.3M
2024533891737021,6171,294757451290199123782762433
2023735991587771,6601,188668414246174106831932572

Average

$175

3% from 2023

Typical

$139 to $189

$137 to $183 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

$0to$27$27to$53$53to$80$80to$106$106to$127$127to$149$149to$170$170to$191$191to$213$213to$234$234to$256$256to$277$277to$298$298to$496$496to$694$694to$892$892to$1,090
2024218552316481,2011,4331,07254028915988612604213
202317762686401,2761,4149944162301158653232224

Avg Days to Sell

76

1% from 2023

Typical Days to Sell

13 to 107

13 to 110 in 2023

select any:
2024
2023
2022
2021
2020

Days on the Market Distribution

The number of homes sold in each DOM range

to2626to5252to7878to104104to131131to157157to183183to209209to235235to378378to520520to663663to805
20242,26589075162744631524115511822455237
20232,1198907245504193162552251101913010

Avgerage

2%

-38% from 2023

Typical

0% to 4%

0% to 6% 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.)

-43%to-32%-32%to-21%-21%to-11%-11%to0%0%to1%1%to3%3%to4%4%to5%5%to6%6%to8%8%to9%9%to10%10%to11%11%to19%19%to26%26%to33%33%to40%
20241112013,7273473673242601981621197925436124
20231281553,089286315297244227216177144541109182

Average

5%

-16% 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

-46%to-35%-35%to-24%-24%to-13%-13%to-2%-2%to0%0%to2%2%to4%4%to7%7%to9%9%to11%11%to13%13%to15%15%to17%17%to25%25%to33%33%to40%40%to48%
202442142851,119844962737630461332254149214572410
202351142951,05163979264551344136130724041083248

Avgerage

3%

12% 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

-46%to-35%-35%to-24%-24%to-13%-13%to-2%-2%to0%0%to1%1%to3%3%to5%5%to6%6%to8%8%to10%10%to11%11%to13%13%to22%22%to30%30%to39%39%to48%
202422122893042,0031,05580349631222019911024146127
20233133162911,937969803541322200133971703483
select any:
2024
2023
2022
2021
2020

Sold Homes by Month Closed

JanuaryFebruaryAugustSeptemberOctoberNovemberDecember
20244,9496,1171,0906,8796,2676,0646,032
20234,5905,8431,5397,7926,7135,9046,503
select any:
2024
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20243,4312,4793,5485,8068,37112,673
20233,3182,5243,5745,9588,20712,947
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
20245,1781,6977678591,1792,334
20235,1171,5458389511,2992,391
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$66k$89k$112k$135k$158k$181k$204k$227k$249k$271k$293k$315k$338k$360k$382k$404k$426k$448k$470k$493k$515k$537k$559k$801k$1.3M$1.7M$2.2M$2.6M$3.1M$3.6M
202452655461657856536264697575767776879385948910595897611216574113222
2023585047395457545558627276717480808885839684831059096125891717296
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

$37.82$50.95$64.09$77.22$90.36$103.49$116.63$126.1$131.91$137.72$143.53$149.35$155.16$160.97$166.78$172.59$178.4$184.21$190.03$195.84$201.65$207.46$213.27$254.56$331.31$408.06$484.82$561.57$638.32$715.08
2024694652826061837777797668717271737275767176837981958992117106102
20235344357467471656568706769716772748268838610195869591761256202
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

5706837969091,0231,1361,2491,3621,4751,5881,7011,8141,9272,0402,1532,2662,3792,4922,6052,7172,8302,9433,0563,5054,2915,0765,8626,6477,4338,218
20247292797978495665606571646974768075847775818899951021019214922390
2023404466686952525861696970757668747091877988878687821211281569449
select any:
2024
2023
2022
2021
2020

Year Built versus Time-to-Sell

Buyer demand trends from the Roaring Twenties to modern marvels

18741891190819251942195919761985198819901993199519982000200320052008201020132015201820202023+
20241151378578756861626551575968695870696463757874104
2023183618687677057527466555956606065646270666670107
select any:
2024
2023
2022
2021
2020

Average Days-to-Sell for Each Month

JanuaryFebruaryAugustSeptemberOctoberNovemberDecember
202476766057596071
202369753640465264
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

5586487388299191,0091,0991,2061,3291,4521,5751,6981,8211,9442,0672,1902,3132,4362,5592,6822,8052,9283,0513,5054,2915,0765,8626,6477,4338,218
2024$360$183$166$212$200$186$183$179$178$183$171$168$165$163$168$165$166$172$168$169$163$169$171$180$209$221$259$301$542$308
2023$244$179$203$238$192$159$179$187$171$176$171$164$166$162$165$161$156$159$163$159$165$160$173$173$198$234$282$369$391$241

Available Units

9,401

Total Sold

2,073

Average

5%

-16% 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 February 1st to February 29th, 2024

Units Sold:

2,073

Average Sold Price:

$391,391

Average Sold Discount:

7%

Average Price Reduction:

3%

Average DOM:

93

Sold Listings

2,073

9% from 2023

Average

$391,391

1% from 2023

Typical

$275k to $430k

$278k to $434k in 2023

select any:
2024
2023
2022
2021
2020

New Homes Sold per Price Range

A visual price spectrum representation

$138kto$159k$159kto$179k$179kto$200k$200kto$220k$220kto$274k$274kto$327k$327kto$381k$381kto$434k$434kto$488k$488kto$541k$541kto$595k$595kto$648k$648kto$702k$702kto$1.6M$1.6Mto$2.4M$2.4Mto$3.3M$3.3Mto$4.2M
2024752759414487364202144103664546901121
20237321423504613451931596966514176101

Average

$174

-1% from 2023

Typical

$148 to $188

$151 to $187 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

$100to$106$106to$113$113to$119$119to$126$126to$138$138to$151$151to$163$163to$176$176to$188$188to$201$201to$213$213to$226$226to$238$238to$325$325to$411$411to$498$498to$584
20246932571912863203702751741218142752144
2023362631153266338359267157837527741992

Avg Days to Sell

93

-6% from 2023

Typical Days to Sell

18 to 134

23 to 152 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

to3131to6262to9393to125125to156156to187187to218218to249249to280280to404404to527527to650650to773
202473333823519216011310064345330165
2023573304214194161138129573965157

Avgerage

3%

-51% from 2023

Typical

0% to 5%

0% to 10% 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%to2%2%to4%4%to5%5%to6%6%to8%8%to9%9%to11%11%to12%12%to16%16%to19%19%to22%22%to25%
20243213861,015111161153135110775646722364
20232511496546510412110610811810883186116449

Average

7%

-21% from 2023

Typical

2% to 11%

2% 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

-10%to-8%-8%to-5%-5%to-3%-3%to0%0%to2%2%to4%4%to5%5%to7%7%to9%9%to11%11%to13%13%to15%15%to17%17%to23%23%to29%29%to35%35%to41%
20244117813472362192262462271611257989141
20237695732913815713515717515615812124442

Avgerage

4%

32% from 2023

Typical

0% to 7%

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

-20%to-15%-15%to-10%-10%to-5%-5%to-1%-1%to1%1%to3%3%to5%5%to6%6%to8%8%to10%10%to11%11%to13%13%to15%15%to21%21%to28%28%to35%35%to41%
2024111092714296246155117114110615188161
20235116375227623319911686563328335
select any:
2024
2023
2022
2021
2020

New Homes Sold Homes by Month Closed

JanuaryFebruaryAugustSeptemberOctoberNovemberDecember
20241,5332,0733371,9191,8092,1842,208
20231,3581,8984431,7561,6871,7042,250
select any:
2024
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20241,1391,0141,6442,4763,5204,111
20231,1021,1001,7292,6713,4524,113
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
20241,5406674265407541,315
20231,4566274956288651,352
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$148k$164k$180k$195k$211k$227k$243k$260k$277k$295k$312k$329k$347k$364k$382k$399k$417k$434k$451k$469k$486k$504k$521k$719k$1.1M$1.5M$1.9M$2.2M$3.0M
202457272169616249616966779375928795961131081451041361241011249513219512998
202310333434137587473799397801001101099913710510913211385131124133134285168603
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

$102.98$108.97$114.95$120.93$126.91$132.89$138.87$144.02$148.34$152.66$156.98$161.3$165.62$169.94$174.26$178.58$182.9$187.22$191.54$195.86$200.18$204.49$208.81$244.18$310.58$376.98$443.38$509.79$576.19
202475806010211087130987880799277948488887783711038711811311517425420449
2023955590638291937789901037598989899107891071101111411291038424665333178103
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

7788839881,0931,1981,3031,4081,5051,5921,6801,7671,8541,9422,0292,1172,2042,2922,3792,4662,5542,6412,7292,8163,2073,9014,5955,2895,9836,677
20247211029514049398868849388647310194951109611110311010010812812512317433164
202336324390375486799299908910299889994931211041171121291271321522246034
select any:
2024
2023
2022
2021
2020

Average Days-to-Sell for Each Month

JanuaryFebruaryAugustSeptemberOctoberNovemberDecember
202496938984847895
202392996064687588
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

7678519341,0181,1021,1851,2691,3591,4561,5531,6501,7471,8431,9402,0372,1342,2312,3272,4242,5212,6182,7152,8113,2073,9014,5955,2895,9836,677
2024$290$185$212$194$203$178$176$182$178$176$169$177$165$168$172$161$163$156$167$168$172$146$168$185$203$261$340$355$472
2023$218$364$170$165$176$174$178$187$183$174$172$180$167$173$168$167$155$166$172$168$165$155$170$184$200$235$279$413$351

Available Units

9,400

Total Sold

2,073

Average

7%

-21% from 2023

Typical Discount

2% to 11%

2% to 14% in 2023

Available Units

9,400

Total Sold

2,073

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.