Greater Houston Real Estate

May 2024 Houston Market Conditions

From May 1st to May 31st, 2024

Units Sold:

8,409

Average Sold Price:

$444,597

Average Sold Discount:

4%

Average Price Reduction:

2%

Average DOM:

66

Sold Listings

8,409

-4% from 2023

Average

$444,597

4% from 2023

Typical

$267k to $490k

$264k to $475k in 2023

select any:
2024
2023
2022
2021
2020

Homes Sold per Price Range

A visual price spectrum representation

$20kto$58k$58kto$97k$97kto$135k$135kto$173k$173kto$264k$264kto$354k$354kto$445k$445kto$535k$535kto$626k$626kto$716k$716kto$807k$807kto$897k$897kto$988k$988kto$4.5M$4.5Mto$8.0M$8.0Mto$11.5M$11.5Mto$15.0M
202422621162191,5592,3891,48383049834121814310841551
202310741422691,6822,5381,443873516367197134873881

Average

$185

3% from 2023

Typical

$142 to $199

$140 to $194 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

$11to$36$36to$60$60to$84$84to$109$109to$135$135to$161$161to$187$187to$213$213to$239$239to$265$265to$291$291to$317$317to$343$343to$622$622to$901$901to$1,179$1,179to$1,458
2024722962951,0792,0992,0301,164558260168110923873021
2023419753331,2992,2582,1691,10248025114612789338131

Avg Days to Sell

66

6% from 2023

Typical Days to Sell

7 to 88

6 to 85 in 2023

select any:
2024
2023
2022
2021
2020

Days on the Market Distribution

The number of homes sold in each DOM range

to2727to5555to8282to110110to137137to165165to192192to220220to247247to495495to743743to991991to1,239
20244,1541,2537615343663302691901303684671
20234,5711,2037194423793242882081843841612

Avgerage

2%

-3% from 2023

Typical

0% to 3%

0% to 3% 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.)

-49%to-37%-37%to-24%-24%to-12%-12%to0%0%to1%1%to2%2%to3%3%to4%4%to6%6%to7%7%to8%8%to9%9%to10%10%to19%19%to28%28%to37%37%to47%
20243273705,3614164084113312301931549134757115
202323123795,62037840939627721917716413146847112

Average

4%

16% from 2023

Typical

0% to 7%

0% to 6% 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-37%-37%to-26%-26%to-14%-14%to-3%-3%to-1%-1%to1%1%to3%3%to5%5%to7%7%to9%9%to11%11%to13%13%to15%15%to24%24%to32%32%to41%41%to49%
202455223885112,0511,4011,182885615447260193315672812
202335195907432,2811,4031,06973954740026018635266237

Avgerage

2%

37% from 2023

Typical

0% to 4%

0% to 3% 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

-45%to-35%-35%to-24%-24%to-14%-14%to-3%-3%to-2%-2%to0%0%to1%1%to3%3%to4%4%to6%6%to7%7%to9%9%to10%10%to20%20%to30%30%to40%40%to49%
202425203933825082,9711,25198960841125418434758136
202334125415406333,2091,3159005603601881292773781
select any:
2024
2023
2022
2021
2020

Sold Homes by Month Closed

JanuaryFebruaryMarchAprilMayDecember
20244,9496,1176,6557,6018,4096,032
20234,5905,8437,9167,3618,7216,503
select any:
2024
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20246,8777,4178,1258,2467,39110,505
20236,8326,9268,6728,3707,52510,920
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
20246,4137,0578,0677,4762,4351,932
20236,6387,2408,6367,4462,4191,963
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$67k$90k$114k$138k$161k$185k$209k$233k$259k$284k$310k$336k$361k$387k$412k$438k$464k$489k$515k$540k$566k$592k$617k$867k$1.3M$1.8M$2.3M$2.8M$3.2M$3.7M
202496546063755558606561627165676267687468726962626469931189023348
202359414344415254525057595973657661606969865963686968839914485101
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

$47.27$59.41$71.54$83.67$95.8$107.93$120.06$129.39$135.91$142.43$148.95$155.47$161.99$168.52$175.04$181.56$188.08$194.6$201.12$207.64$214.16$220.68$227.2$284.77$393.38$501.99$610.6$719.21$827.82$936.43
202459474559777275668365636656566557576563626667616882876135211157
2023613524735963606664595553544858636368657766687570787865784017
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

5887018149271,0401,1531,2661,3811,4991,6161,7341,8521,9702,0872,2052,3232,4412,5582,6762,7942,9123,0293,1473,6544,5515,4486,3457,2418,1389,035
202444977460826455675666606369625870656764657470586675811891266546
202335443846584648545260646063625963646573666369626876891169010514
select any:
2024
2023
2022
2021
2020

Year Built versus Time-to-Sell

Buyer demand trends from the Roaring Twenties to modern marvels

18851900191519311946196119761985198819901993199519982000200320052008201020132015201820202023+
20241082710954726160585741475650434649524842515566148
2023524511850636151425047373938545044464735484753152
select any:
2024
2023
2022
2021
2020

Average Days-to-Sell for Each Month

JanuaryFebruaryMarchAprilMayDecember
2024767677706671
2023697576716264
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

5756627498369231,0101,0971,2051,3341,4631,5921,7211,8501,9792,1082,2382,3672,4962,6252,7542,8833,0123,1413,6544,5515,4486,3457,2418,1389,035
2024$210$184$236$221$200$190$192$194$189$184$180$174$174$177$175$173$175$170$165$174$179$190$181$198$243$278$326$365$459$364
2023$282$258$207$175$206$179$216$183$182$185$179$169$171$172$168$169$172$172$163$163$171$181$174$188$219$284$284$325$417$253

Available Units

9,406

Total Sold

2,326

Average

4%

16% from 2023

Typical Discount

0% to 7%

0% to 6% 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 May 1st to May 31st, 2024

Units Sold:

2,326

Average Sold Price:

$412,169

Average Sold Discount:

5%

Average Price Reduction:

2%

Average DOM:

93

Sold Listings

2,326

4% from 2023

Average

$412,169

-3% from 2023

Typical

$282k to $445k

$297k to $475k in 2023

select any:
2024
2023
2022
2021
2020

New Homes Sold per Price Range

A visual price spectrum representation

$115kto$142k$142kto$170k$170kto$197k$197kto$225k$225kto$284k$284kto$343k$343kto$402k$402kto$461k$461kto$520k$520kto$579k$579kto$638k$638kto$697k$697kto$756k$756kto$1.6M$1.6Mto$2.5M$2.5Mto$3.3M$3.3Mto$4.2M
20244102571480565412245145104674734852732
202341868359553370259170109699543852341

Average

$181

-1% from 2023

Typical

$150 to $195

$155 to $194 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

$77to$90$90to$104$104to$117$117to$130$130to$144$144to$158$158to$172$172to$185$185to$199$199to$213$213to$227$227to$241$241to$255$255to$440$440to$626$626to$812$812to$997
2024211410030733338539327720611146331011033
202331284201339419413269164965437112181

Avg Days to Sell

93

-8% from 2023

Typical Days to Sell

16 to 134

20 to 158 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

to3434to6868to102102to135135to169169to203203to237237to271271to305305to434434to563563to692692to821
20249293572841811461147766558116164
2023750407234170168123113915793203

Avgerage

2%

-29% 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.)

-19%to-15%-15%to-10%-10%to-6%-6%to-1%-1%to0%0%to1%1%to3%3%to4%4%to5%5%to6%6%to8%8%to9%9%to10%10%to17%17%to24%24%to31%31%to37%
20243381031,2241081561621411027968481031211
202325151151,0081051321561001009788741824331

Average

5%

5% from 2023

Typical

1% to 8%

1% to 8% in 2023

select any:
2024
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-17%to-13%-13%to-9%-9%to-5%-5%to-1%-1%to1%1%to3%3%to4%4%to6%6%to8%8%to9%9%to11%11%to13%13%to14%14%to22%22%to30%30%to38%38%to45%
202461710344125228528427020516710973107102
202336121365582662331961681481529356182154

Avgerage

3%

53% from 2023

Typical

0% to 5%

0% to 3% 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

-23%to-17%-17%to-12%-12%to-6%-6%to-1%-1%to1%1%to2%2%to3%3%to4%4%to6%6%to7%7%to8%8%to10%10%to11%11%to19%19%to28%28%to37%37%to45%
2024325107746300236233184136978773102132
2023112959333002891981361025736224071
select any:
2024
2023
2022
2021
2020

New Homes Sold Homes by Month Closed

JanuaryFebruaryMarchAprilMayDecember
20241,5332,0731,9932,1482,3262,208
20231,3581,8982,3412,0072,2302,250
select any:
2024
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20242,2292,1242,2692,4432,7863,211
20232,0871,9442,0862,5372,8713,536
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
20242,1312,3442,3401,938858977
20232,1912,2782,3301,7878521,008
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$125k$145k$165k$185k$206k$226k$246k$265k$283k$302k$320k$338k$357k$375k$393k$411k$430k$448k$466k$485k$503k$521k$540k$759k$1.2M$1.6M$2.0M$2.4M$2.9M
2024167489157144917693726975799494949283959195104108110104107161196166341201
202313199119655168647391869110812510591991061189711812610311313014318414540216
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

$82.13$100.65$109.91$119.17$128.43$137.68$144.59$149.14$153.7$158.25$162.8$167.35$171.91$176.46$181.01$185.56$190.11$194.67$199.22$203.77$208.32$212.88$270.55$381.35$492.15$602.95$824.54$935.34
20241161841071108512499868281698310786827687879293881039720016218255336
202310773132113116106105918888798610010998115951171228995108105151120160
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

8129111,0101,1101,2091,3081,4071,5001,5871,6741,7601,8471,9342,0202,1072,1942,2812,3672,4542,5412,6272,7142,8013,1313,7044,2784,8515,4245,998
20241681491715167509057113917675801029887909788868911082126118138122183423
202313118676636078811019781881187710311489111122110123128122123135138141170232
select any:
2024
2023
2022
2021
2020

Average Days-to-Sell for Each Month

JanuaryFebruaryMarchAprilMayDecember
20249693102979395
2023929910711210288
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

8028819601,0391,1181,1971,2761,3631,4591,5541,6501,7451,8411,9362,0322,1272,2232,3182,4142,5102,6052,7012,7963,1313,7044,2784,8515,4245,998
2024$191$173$166$195$239$190$183$189$186$179$176$180$172$176$173$172$165$174$173$174$160$164$162$197$209$244$269$444$326
2023$365$190$194$205$192$175$199$183$187$182$177$181$169$173$168$174$178$166$171$172$185$185$178$214$241$319$348$262

Available Units

9,404

Total Sold

2,326

Average

5%

5% from 2023

Typical Discount

1% to 8%

1% to 8% in 2023

Available Units

9,404

Total Sold

2,326

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.