Greater Houston Real Estate

March 2024 Houston Market Conditions

From March 1st to March 31st, 2024

Units Sold:

6,655

Average Sold Price:

$417,304

Average Sold Discount:

5%

Average Price Reduction:

2%

Average DOM:

77

Sold Listings

6,655

-16% from 2023

Average

$417,304

2% from 2023

Typical

$260k to $460k

$256k to $452k in 2023

select any:
2024
2023
2022
2021
2020

Homes Sold per Price Range

A visual price spectrum representation

$23kto$58k$58kto$94k$94kto$129k$129kto$164k$164kto$243k$243kto$323k$323kto$402k$402kto$482k$482kto$561k$561kto$641k$641kto$720k$720kto$800k$800kto$879k$879kto$5.4M$5.4Mto$9.9M$9.9Mto$14.5M$14.5Mto$19.0M
20241348871839101,8941,3167234162832091459533111
202312671312041,1932,2511,4818545383312501269637641

Average

$180

3% from 2023

Typical

$142 to $194

$136 to $189 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

$18to$40$40to$63$63to$85$85to$108$108to$131$131to$154$154to$177$177to$200$200to$222$222to$245$245to$268$268to$291$291to$314$314to$579$579to$844$844to$1,108$1,108to$1,373
2024918682387391,4541,5651,09853625315490903042621
20234241123541,0661,8721,8171,08452330818610283331294

Avg Days to Sell

77

2% from 2023

Typical Days to Sell

10 to 114

10 to 117 in 2023

select any:
2024
2023
2022
2021
2020

Days on the Market Distribution

The number of homes sold in each DOM range

to2828to5656to8383to111111to139139to167167to194194to222222to250250to521521to792792to1,0621,062to1,333
20242,7569446875634343662731711242934121
20233,2461,082756736526448362261174309142

Avgerage

2%

-33% from 2023

Typical

0% to 3%

0% to 5% 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.)

-45%to-34%-34%to-22%-22%to-11%-11%to0%0%to1%1%to2%2%to3%3%to5%5%to6%6%to7%7%to8%8%to9%9%to10%10%to20%20%to30%30%to40%40%to49%
202432102274,17933639329824620116014011327445103
20231432554,41432343438533426623020719074197111

Average

5%

-14% from 2023

Typical

0% to 7%

0% to 9% in 2023

select any:
2024
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-47%to-36%-36%to-25%-25%to-13%-13%to-2%-2%to0%0%to2%2%to4%4%to6%6%to8%8%to11%11%to13%13%to15%15%to17%17%to24%24%to32%32%to40%40%to47%
202465203014371,8571,13287265344028818011022871276
202337174505411,9751,145879744572440319224446942412

Avgerage

3%

11% from 2023

Typical

0% to 4%

0% to 4% 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

-47%to-36%-36%to-25%-25%to-13%-13%to-2%-2%to-1%-1%to1%1%to2%2%to4%4%to5%5%to7%7%to8%8%to10%10%to11%11%to21%21%to30%30%to39%39%to48%
202443183073482,0191,07396261244024318110726356132
202335144734402,3811,2821,10972752829921611825249124
select any:
2024
2023
2022
2021
2020

Sold Homes by Month Closed

JanuaryFebruaryMarchOctoberNovemberDecember
20244,9496,1176,6556,2676,0646,032
20234,5905,8437,9166,7135,9046,503
select any:
2024
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20245,1324,2783,5645,4197,62611,471
20235,2064,4433,7665,6337,60511,766
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
20246,1755,8871,8907901,0522,068
20236,3726,1812,3438401,0982,115
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$251k$275k$299k$322k$346k$370k$393k$417k$441k$465k$488k$512k$536k$559k$583k$838k$1.3M$1.8M$2.3M$2.8M$3.8M
20247154514764735966636971777392788289979872806989859914593125152
20234339713151546253647071798384798582728484898390878392113134198254
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

$49.67$61.36$73.06$84.76$96.45$108.15$119.85$128.71$134.75$140.78$146.81$152.84$158.88$164.91$170.94$176.97$183$189.04$195.07$201.1$207.13$213.17$219.2$267.27$357.37$447.48$537.58$627.69$717.79$807.9
202425455267747089878382786761747079697272898070718112377701345075
20237534536264577879727276686570687882778379879189779488807088
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

5596747899041,0181,1331,2481,3611,4721,5841,6951,8071,9192,0302,1422,2532,3652,4762,5882,7002,8112,9233,0343,5834,5695,5566,5427,5288,5159,501
202485567173605476666667696465807678868087859582898910411016912639868
202343604663485560656566637078866878817677838490819074111153154184238
select any:
2024
2023
2022
2021
2020

Year Built versus Time-to-Sell

Buyer demand trends from the Roaring Twenties to modern marvels

18731890190719241941195819751984198719891992199519972000200220052007201020122015201820202023+
202495743896646660635568565953676970736559728282125
2023431127858716757475858545548625764686378686762128
select any:
2024
2023
2022
2021
2020

Average Days-to-Sell for Each Month

JanuaryFebruaryMarchOctoberNovemberDecember
2024767677596071
2023697576465264
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

5476387288199091,0001,0901,1971,3191,4411,5631,6851,8081,9302,0522,1742,2962,4182,5402,6632,7852,9073,0293,5834,5695,5566,5427,5288,5159,501
2024$263$244$189$195$177$177$202$183$181$181$175$179$173$171$175$170$167$170$173$163$170$176$177$189$227$282$329$436$584$181
2023$239$193$209$238$193$203$184$186$176$172$175$169$165$166$164$166$164$164$164$166$161$170$168$178$218$280$301$389$517$319

Available Units

9,403

Total Sold

1,993

Average

5%

-14% from 2023

Typical Discount

0% to 7%

0% to 9% 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 March 1st to March 31st, 2024

Units Sold:

1,993

Average Sold Price:

$412,358

Average Sold Discount:

5%

Average Price Reduction:

2%

Average DOM:

102

Sold Listings

1,993

-15% from 2023

Average

$412,358

-2% from 2023

Typical

$289k to $450k

$285k to $463k in 2023

select any:
2024
2023
2022
2021
2020

New Homes Sold per Price Range

A visual price spectrum representation

$120kto$148k$148kto$175k$175kto$203k$203kto$230k$230kto$290k$290kto$350k$350kto$410k$410kto$469k$469kto$529k$529kto$589k$589kto$649k$649kto$709k$709kto$769k$769kto$1.9M$1.9Mto$3.0M$3.0Mto$4.1M$4.1Mto$5.2M
20241730614045373291841207859542991711
2023829894975234012301519891793298921

Average

$182

1% from 2023

Typical

$154 to $195

$151 to $191 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

$89to$99$99to$109$109to$118$118to$128$128to$142$142to$156$156to$170$170to$184$184to$198$198to$212$212to$227$227to$241$241to$255$255to$401$401to$547$547to$694$694to$840
20242123741682703803392881641114522841042
202313146925439141846426115593514693184

Avg Days to Sell

102

-5% from 2023

Typical Days to Sell

20 to 151

28 to 165 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

to3434to6767to101101to134134to168168to202202to235235to269269to302302to464464to626626to787787to949
20246892962411771661419845406821101
20236543742862592011621421195573151

Avgerage

2%

-52% from 2023

Typical

0% to 4%

0% to 9% 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.)

-17%to-13%-13%to-9%-9%to-5%-5%to-1%-1%to0%0%to1%1%to3%3%to4%4%to5%5%to7%7%to8%8%to9%9%to11%11%to15%15%to20%20%to25%25%to30%
2024263891,014115122142111104697042682354
2023111010083065125136146133126130105286111255

Average

5%

-26% from 2023

Typical

1% to 9%

1% to 12% in 2023

select any:
2024
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-42%to-31%-31%to-21%-21%to-11%-11%to-1%-1%to1%1%to3%3%to5%5%to7%7%to9%9%to10%10%to12%12%to14%14%to16%16%to21%21%to26%26%to31%31%to36%
202423944152652452502061621376248781723
2023321204252222132001842281701611282185662

Avgerage

3%

20% from 2023

Typical

0% to 5%

0% to 4% 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

-42%to-31%-31%to-21%-21%to-11%-11%to-1%-1%to1%1%to2%2%to4%4%to5%5%to6%6%to8%8%to9%9%to11%11%to12%12%to17%17%to22%22%to27%27%to33%
20242295707285232164139109644846682471
202312114855358294229152121784427588
select any:
2024
2023
2022
2021
2020

New Homes Sold Homes by Month Closed

JanuaryFebruaryMarchOctoberNovemberDecember
20241,5332,0731,9931,8092,1842,208
20231,3581,8982,3411,6871,7042,250
select any:
2024
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20241,5351,2351,5412,2343,1303,722
20231,4681,2501,5812,4473,1393,909
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
20241,9401,7356734776381,108
20231,9801,7607465256821,147
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$165k$179k$193k$207k$221k$235k$249k$266k$285k$304k$323k$342k$361k$380k$399k$419k$438k$457k$476k$495k$514k$533k$553k$807k$1.3M$1.8M$2.3M
202419422711547639380687384858610812410412211512012711811012110412022131098
202333117048826358737774101106113127111131119100106137143133121118135113989788279
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

$94.22$101.64$116.47$123.88$131.3$138.71$144.71$149.3$153.89$158.48$163.06$167.65$172.24$176.83$181.42$186$190.59$195.18$199.77$204.35$208.94$213.53$260.4$349.56$438.71$527.86$617.02$706.17
20241582561491419612290119818588968111584899187121918581115209104264162116
202351331759910210312310693101949610212010710411011010011512412711311887142124131156
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

7638861,0081,1301,2531,3751,4831,5771,6711,7651,8591,9532,0472,1412,2362,3302,4242,5182,6122,7062,8002,8943,3674,2185,0695,9216,772
2024189289134506792767574818685109111111138110114115106130146127152119250292
20231171206268729381968186102112119931081141221141201501231291371289318918927
select any:
2024
2023
2022
2021
2020

Average Days-to-Sell for Each Month

JanuaryFebruaryMarchOctoberNovemberDecember
20249693102847895
20239299107687588
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

6347418489551,0621,1691,2761,3801,4811,5821,6821,7831,8841,9842,0852,1862,2872,3872,4882,5892,6892,7902,8913,3674,2185,0695,9216,772
2024$600$390$194$158$204$185$180$185$182$185$179$181$171$179$174$170$159$177$171$174$167$164$192$194$222$274$357$560
2023$374$178$189$200$166$176$182$187$182$184$176$181$167$171$165$168$164$174$170$170$161$170$176$188$229$266$358$443$611

Available Units

9,401

Total Sold

1,993

Average

5%

-26% from 2023

Typical Discount

1% to 9%

1% to 12% in 2023

Available Units

9,401

Total Sold

1,993

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.