Greater Houston Real Estate

June 2024 Houston Market Conditions

From June 1st to June 30th, 2024

Units Sold:

6,869

Average Sold Price:

$438,582

Average Sold Discount:

4%

Average Price Reduction:

2%

Average DOM:

63

Sold Listings

6,869

-22% from 2023

Average

$438,582

3% from 2023

Typical

$270k to $490k

$264k to $480k in 2023

select any:
2024
2023
2022
2021
2020

Homes Sold per Price Range

A visual price spectrum representation

$30kto$64k$64kto$99k$99kto$133k$133kto$168k$168kto$254k$254kto$341k$341kto$428k$428kto$515k$515kto$602k$602kto$689k$689kto$776k$776kto$863k$863kto$950k$950kto$2.6M$2.6Mto$4.2M$4.2Mto$5.8M$5.8Mto$7.4M
20249501191641,0701,8611,306756496263208127913123223
202323701571871,4522,5101,57498555838024614897404222

Average

$182

1% from 2023

Typical

$144 to $199

$142 to $195 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

$31to$51$51to$71$71to$90$90to$110$110to$133$133to$155$155to$177$177to$200$200to$222$222to$245$245to$267$267to$289$289to$312$312to$545$545to$778$778to$1,011$1,011to$1,244
2024726822286931,4911,5671,101647306173113803043522
2023741993001,0201,9162,1481,2787123622271131124293151

Avg Days to Sell

63

10% from 2023

Typical Days to Sell

7 to 80

6 to 72 in 2023

select any:
2024
2023
2022
2021
2020

Days on the Market Distribution

The number of homes sold in each DOM range

to2727to5454to8181to107107to134134to161161to188188to215215to242242to437437to633633to829829to1,025
20243,3711,10967244728420117815211127549173
20234,7961,279747488277239213171167407266

Avgerage

2%

-1% from 2023

Typical

0% to 3%

0% to 2% 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.)

-37%to-28%-28%to-18%-18%to-9%-9%to0%0%to1%1%to2%2%to3%3%to4%4%to5%5%to6%6%to7%7%to8%8%to9%9%to18%18%to26%26%to34%34%to42%
202436112924,35731038433522420116112910127850105
202315164185,72536135439827725617914912042688213

Average

4%

18% 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

-41%to-32%-32%to-22%-22%to-12%-12%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%to50%
202459273024331,7421,15789569351037322713826260165
202328257347942,2531,3481,10873852138026018033874256

Avgerage

2%

42% 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

-41%to-32%-32%to-22%-22%to-12%-12%to-3%-3%to-1%-1%to0%0%to2%2%to3%3%to5%5%to6%6%to8%8%to9%9%to10%10%to20%20%to30%30%to40%40%to50%
202446223123182,0938751,0707294502911871662914553
202315186685792,8101,1601,2588864972951951312544592
select any:
2024
2023
2022
2021
2020

Sold Homes by Month Closed

JanuaryFebruaryMarchAprilMayJuneDecember
20244,9496,1176,6557,6018,4096,8696
20234,5905,8437,9167,3618,7218,81723
select any:
2024
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20247,1857,9449,06410,2049,41510,468
20237,1757,5049,85210,50710,41311,004
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
20246,4287,1038,2508,5546,7353,074
20236,6767,3108,8978,6527,9553,496
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$137k$161k$185k$208k$232k$257k$282k$307k$332k$357k$382k$407k$432k$457k$482k$507k$532k$557k$582k$607k$860k$1.3M$1.8M$2.3M$2.8M$3.3M$3.8M
2024777670606567685363605965687165625966596163668160566198908913
202374544664523844474754585866556366505952656977656262756110333194
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

$49.33$61.46$73.58$85.71$97.83$109.96$122.08$131.19$137.27$143.36$149.45$155.54$161.63$167.71$173.8$179.89$185.98$192.07$198.16$204.24$210.33$216.42$222.51$273.45$369.25$465.05$560.84$656.64$752.44
20241243597581676382685767556154555965625269557469656959978294
2023494369584952535951645455515658615555645957566460745788585
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

5626797969131,0301,1471,2641,3811,4991,6181,7361,8541,9722,0912,2092,3272,4452,5642,6822,8002,9183,0373,1553,6424,4975,3536,2087,0637,9198,774
202412261781127957556552646961605858576869645970668258656746113149118
202387585552484347495055546159605658616758675662645759765317936923
select any:
2024
2023
2022
2021
2020

Year Built versus Time-to-Sell

Buyer demand trends from the Roaring Twenties to modern marvels

18781894191119271943196019761985198819901993199519982000200320052008201020132015201820202023+
2024266942769716352664141303740414454464541455665172
2023155161959645444413134303637343947404241354249157
select any:
2024
2023
2022
2021
2020

Average Days-to-Sell for Each Month

JanuaryFebruaryMarchAprilMayJuneDecember
202476767770666324
202369757671625863
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

5496407318229131,0041,0951,2051,3341,4641,5941,7231,8531,9832,1122,2422,3722,5012,6312,7602,8903,0203,1493,6424,4975,3536,2087,0637,9198,774
2024$387$194$189$185$168$170$196$189$185$177$176$178$174$173$175$172$164$182$171$166$176$180$180$194$218$282$368$456$292$524
2023$239$193$202$227$179$178$184$191$182$183$177$174$173$173$165$171$169$169$170$169$169$177$182$192$237$255$295$310$307$329

Available Units

9,409

Total Sold

1,961

Average

4%

18% 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 June 1st to June 30th, 2024

Units Sold:

1,961

Average Sold Price:

$402,111

Average Sold Discount:

5%

Average Price Reduction:

2%

Average DOM:

93

Sold Listings

1,961

-10% from 2023

Average

$402,111

-4% from 2023

Typical

$285k to $439k

$288k to $459k in 2023

select any:
2024
2023
2022
2021
2020

New Homes Sold per Price Range

A visual price spectrum representation

$140kto$161k$161kto$183k$183kto$204k$204kto$225k$225kto$279k$279kto$332k$332kto$386k$386kto$439k$439kto$493k$493kto$546k$546kto$600k$600kto$653k$653kto$707k$707kto$1.5M$1.5Mto$2.4M$2.4Mto$3.2M$3.2Mto$4.0M
20245141756342451360230160102643328801342
202331118473994613562711751217955561042081

Average

$180

-1% from 2023

Typical

$153 to $197

$154 to $195 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

$73to$88$88to$102$102to$117$117to$131$131to$144$144to$156$156to$169$169to$181$181to$194$194to$206$206to$219$219to$231$231to$244$244to$407$407to$570$570to$733$733to$896
2024549792072512973082491901517831851111
20231137619330637439526118312266521221442

Avg Days to Sell

93

-9% from 2023

Typical Days to Sell

14 to 128

20 to 151 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

to3535to7070to104104to139139to174174to209209to243243to278278to313313to442442to570570to699699to827
2024808300243169103996249285623156
20237773752901551191049981601061271

Avgerage

2%

-29% 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.)

-28%to-22%-22%to-15%-15%to-8%-8%to-2%-2%to0%0%to1%1%to2%2%to4%4%to5%5%to6%6%to7%7%to9%9%to10%10%to13%13%to16%16%to18%18%to21%
20242591119996153130931076950475233104
20232111164136938138101145109777661106432926

Average

5%

10% from 2023

Typical

1% to 8%

1% to 7% in 2023

select any:
2024
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-40%to-30%-30%to-20%-20%to-11%-11%to-1%-1%to1%1%to3%3%to4%4%to6%6%to8%8%to9%9%to11%11%to13%13%to14%14%to18%18%to21%21%to25%25%to28%
2024225894252362552042041731487742623061
202315320755924325422115112811285686354177

Avgerage

3%

73% 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

-40%to-30%-30%to-20%-20%to-11%-11%to-1%-1%to1%1%to2%2%to3%3%to4%4%to6%6%to7%7%to8%8%to10%10%to11%11%to14%14%to18%18%to21%21%to24%
2024214916882222281861231038266665227155
2023111139962286281192125644324253192
select any:
2024
2023
2022
2021
2020

New Homes Sold Homes by Month Closed

JanuaryFebruaryMarchAprilMayJuneDecember
20241,5332,0731,9932,1482,3261,9615
20231,3581,8982,3412,0072,2302,18614
select any:
2024
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20242,4072,3612,6132,8632,9353,075
20232,2692,2462,4782,8262,9793,325
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
20242,1432,3812,4812,4101,8011,240
20232,2262,3352,5212,2801,8841,238
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$151k$166k$182k$198k$213k$229k$244k$261k$278k$294k$311k$328k$345k$362k$379k$396k$413k$430k$447k$464k$481k$498k$515k$714k$1.1M$1.5M$1.9M$2.2M$2.6M$3.0M
202411717417712813573831068372711008697818612796837083102711148612915713959487
20231911697011458806467928499109104103111126103937886921411491271561659240127
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

$78.08$87.97$97.86$107.74$117.63$127.51$137.4$144.64$149.26$153.87$158.48$163.09$167.7$172.31$176.92$181.53$186.14$190.75$195.36$199.97$204.58$209.19$213.8$264.68$361.83$458.98$556.12
20241951722232414412911799951067292807386788589667192898410511864358
20234229491471021201031109011193115999410383891031059587901031051617189
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

7808809811,0811,1811,2821,3821,4761,5641,6511,7391,8271,9142,0022,0902,1772,2652,3532,4412,5282,6162,7042,7913,0533,4893,9264,3624,7985,2345,670
20242262161459459598969751307383659689848476116127112909611212911111710617987
202327511537618361108949494114949895113110128101117124119121129126144202589
select any:
2024
2023
2022
2021
2020

Average Days-to-Sell for Each Month

JanuaryFebruaryMarchAprilMayJuneDecember
2024969310297939225
2023929910711210210181
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

7729381,0211,1041,1871,2701,3591,4541,5491,6441,7401,8351,9302,0252,1212,2162,3112,4072,5022,5972,6922,7883,0533,4893,9264,3624,7985,2345,670
2024$210$179$175$207$176$185$189$187$181$182$186$173$173$173$173$169$166$166$182$173$163$161$180$188$212$282$285$387$527
2023$349$367$176$195$186$184$186$183$178$174$183$175$183$164$169$170$177$183$167$160$166$178$187$215$266$372$290$260$377

Available Units

9,406

Total Sold

1,961

Average

5%

10% from 2023

Typical Discount

1% to 8%

1% to 7% in 2023

Available Units

9,406

Total Sold

1,961

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.