Greater Houston Real Estate

July 2024 Houston Market Conditions

From July 1st to July 31st, 2024

Units Sold:

7,510

Average Sold Price:

$444,413

Average Sold Discount:

4%

Average Price Reduction:

2%

Average DOM:

65

Sold Listings

7,510

-1% from 2023

Average

$444,413

4% from 2023

Typical

$270k to $497k

$265k to $475k in 2023

select any:
2024
2023
2022
2021
2020

Homes Sold per Price Range

A visual price spectrum representation

$2kto$46k$46kto$90k$90kto$133k$133kto$177k$177kto$263k$263kto$349k$349kto$434k$434kto$520k$520kto$606k$606kto$692k$692kto$778k$778kto$863k$863kto$949k$949kto$4.5M$4.5Mto$8.0M$8.0Mto$11.5M$11.5Mto$15.0M
20244591311801,3061,9791,37379548533023316099369511
20238511382791,3382,1251,337776467322213122873345

Average

$182

1% from 2023

Typical

$143 to $197

$142 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

$1to$28$28to$56$56to$83$83to$110$110to$132$132to$154$154to$176$176to$199$199to$221$221to$243$243to$265$265to$287$287to$309$309to$590$590to$871$871to$1,152$1,152to$1,433
202438852797911,5691,6701,2816863152021321033482511
2023314663228541,6131,7991,2315553461881278836227

Avg Days to Sell

65

20% from 2023

Typical Days to Sell

8 to 81

6 to 62 in 2023

select any:
2024
2023
2022
2021
2020

Days on the Market Distribution

The number of homes sold in each DOM range

to2828to5656to8383to111111to139139to167167to194194to222222to250250to428428to607607to785785to963
20243,5921,30679551230621115813411430156214
20234,2791,2496243932261491181181162933041

Avgerage

2%

5% 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.)

-43%to-32%-32%to-21%-21%to-11%-11%to0%0%to1%1%to2%2%to3%3%to4%4%to5%5%to6%6%to8%8%to9%9%to10%10%to18%18%to26%26%to34%34%to42%
20242162474,7023774243852932092051461183105294
20231243164,95531933234526219916615213033650134

Average

4%

26% 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

-43%to-33%-33%to-23%-23%to-13%-13%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%to40%40%to49%
202467143484021,8501,2401,04078560440325615328862197
202327225666302,0471,21094966846733222714122658246

Avgerage

2%

48% 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

-43%to-33%-33%to-23%-23%to-13%-13%to-3%-3%to-1%-1%to0%0%to2%2%to3%3%to5%5%to6%6%to8%8%to9%9%to11%11%to18%18%to25%25%to32%32%to39%
202457113513142,1791,0091,17978052233324819028970116
202326195314782,4621,0481,116716422276169103185391210
select any:
2024
2023
2022
2021
2020

Sold Homes by Month Closed

FebruaryMarchAprilMayJuneJuly
20246,1176,6557,6018,4477,5577,510
20235,8437,9167,3618,7218,8177,602
select any:
2024
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJuneJuly
20247,1498,4229,89711,66611,86112,45612,052
20237,0617,63810,22011,10211,79713,04012,259
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

JanuaryFebruaryMarchAprilMayJuneJuly
20245,4377,1188,2968,7137,8697,5476,406
20235,6727,3218,9468,7278,4877,8426,659
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$64k$89k$114k$138k$163k$188k$213k$238k$263k$288k$314k$339k$364k$389k$415k$440k$465k$491k$516k$541k$567k$592k$617k$871k$1.4M$1.8M$2.3M$2.8M$3.3M$3.8M
20245960797457637159566464665770636272645664636952667686866574219
202374373955383841444646555450665053636360545962735360951521614242
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

$45.86$58.34$70.83$83.31$95.79$108.27$120.75$130.06$136.18$142.3$148.42$154.54$160.66$166.78$172.9$179.02$185.14$191.26$197.38$203.5$209.62$215.74$221.87$274.79$374.53$474.27$574$673.74$773.47
202435215671767873757460535662555961546269656055496894866911243
2023130651855605450504849484953475650524764535363445878726712115966
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

5907068229381,0541,1701,2861,4041,5251,6461,7671,8882,0092,1302,2512,3712,4922,6132,7342,8552,9763,0973,2183,7104,5735,4366,2997,1628,0258,888
202482106687874576861576659686058545559717459566659696987140165155418
2023413069424546395146535253505350605256564756595857676474178107382
select any:
2024
2023
2022
2021
2020

Year Built versus Time-to-Sell

Buyer demand trends from the Roaring Twenties to modern marvels

18861901191619321947196219771986198919911994199619982001200320062008201120132015201820202023+
20242262425860566654634357324747534359544959516358157
202326265681584642383840212834313638383434314642162
select any:
2024
2023
2022
2021
2020

Average Days-to-Sell for Each Month

FebruaryMarchAprilMayJuneJuly
2024767770666465
2023757671625854
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

5766637508379251,0121,0991,2101,3431,4771,6101,7431,8772,0102,1442,2772,4112,5442,6782,8112,9453,0783,2113,7104,5735,4366,2997,1628,0258,888
2024$227$226$211$203$165$182$193$190$179$181$174$175$176$170$170$173$169$172$164$170$174$190$188$193$231$251$309$394$347$211
2023$276$195$174$205$216$189$193$183$184$189$177$172$171$174$172$169$166$171$166$170$171$175$165$189$217$238$325$373$365$411

Available Units

12,351

Total Sold

2,048

Average

4%

26% 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 July 1st to July 31st, 2024

Units Sold:

2,048

Average Sold Price:

$410,385

Average Sold Discount:

5%

Average Price Reduction:

2%

Average DOM:

89

Sold Listings

2,048

15% from 2023

Average

$410,385

-6% from 2023

Typical

$290k to $450k

$296k to $461k in 2023

select any:
2024
2023
2022
2021
2020

New Homes Sold per Price Range

A visual price spectrum representation

$110kto$140k$140kto$169k$169kto$199k$199kto$228k$228kto$286k$286kto$344k$344kto$402k$402kto$460k$460kto$518k$518kto$576k$576kto$634k$634kto$692k$692kto$750k$750kto$1.4M$1.4Mto$2.0M$2.0Mto$2.7M$2.7Mto$3.3M
2024161482379472388229133101505335831642
2023985429344431520612684674532552333

Average

$180

-3% from 2023

Typical

$152 to $196

$155 to $196 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

$68to$83$83to$98$98to$114$114to$129$129to$143$143to$157$157to$171$171to$185$185to$198$198to$212$212to$226$226to$240$240to$254$254to$350$350to$446$446to$542$542to$638
202434987222293343329278198965228742423
2023452135298319331237134754527821775

Avg Days to Sell

89

-11% from 2023

Typical Days to Sell

15 to 122

20 to 134 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

to3434to6767to101101to134134to168168to201201to235235to268268to302302to467467to633633to798798to963
202478735924420611780735820831281
202362134421914874596572551011131

Avgerage

2%

-22% from 2023

Typical

0% to 4%

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.)

-26%to-20%-20%to-13%-13%to-7%-7%to-1%-1%to0%0%to1%1%to3%3%to4%4%to5%5%to6%6%to8%8%to9%9%to10%10%to13%13%to16%16%to19%19%to22%
2024122981,0468813015214283846550662485
20231713179484103109101767868589537149

Average

5%

21% from 2023

Typical

1% to 9%

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

-43%to-32%-32%to-22%-22%to-11%-11%to0%0%to1%1%to3%3%to5%5%to6%6%to8%8%to10%10%to11%11%to13%13%to15%15%to18%18%to21%21%to24%24%to27%
2024116934122112632132142131539766623173
202313416543020422217314811210280404824115

Avgerage

3%

89% 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

-43%to-32%-32%to-22%-22%to-11%-11%to-1%-1%to1%1%to2%2%to3%3%to5%5%to6%6%to8%8%to9%9%to10%10%to12%12%to16%16%to20%20%to23%23%to27%
2024125956892642181971251169874606825101
202311512174029322513694653525141351
select any:
2024
2023
2022
2021
2020

New Homes Sold Homes by Month Closed

FebruaryMarchAprilMayJuneJuly
20242,0731,9932,1482,3562,2252,048
20231,8982,3412,0072,2302,1861,774
select any:
2024
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJuneJuly
20242,4582,5232,8953,2213,3603,1683,333
20232,2802,3242,6693,0343,1513,3603,525
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

JanuaryFebruaryMarchAprilMayJuneJuly
20241,9212,3942,5222,5172,3102,0982,023
20231,9942,3432,5572,3282,0682,0251,987
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$127k$147k$167k$187k$207k$227k$247k$266k$284k$303k$321k$339k$358k$376k$394k$413k$431k$449k$468k$486k$504k$523k$541k$750k$1.1M$1.5M$1.9M$2.3M$3.1M
20241272501401668486718670857769858099879477948783837711020116116421972
2023124288210537965080769010284106105921061101241021321171299111915119615427713712
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

$75.43$85.81$96.18$106.55$116.92$127.29$137.67$145.1$149.59$154.08$158.58$163.07$167.57$172.06$176.55$181.05$185.54$190.03$194.53$199.02$203.51$208.01$212.5$245.51$307.03$368.55$430.07$491.59$614.63
2024147139210360131110978064827979829082607491779210884669314122634114132
202336901161121098293759111810699114869483797912579631159610715722817017039751
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

7588679751,0841,1921,3011,4091,5081,5981,6881,7781,8681,9582,0482,1382,2282,3172,4072,4972,5872,6772,7672,8573,1773,7284,2784,8295,3795,9296,480
202412126012519272617174100848188748177101896181102917710810314012317512816577
202326560118845270828198869384708710310314490102112859813612817014512628412
select any:
2024
2023
2022
2021
2020

Average Days-to-Sell for Each Month

FebruaryMarchAprilMayJuneJuly
20249310297939389
20239910711210210199
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

7498409311,0221,1121,2031,2941,3881,4861,5841,6811,7791,8771,9742,0722,1702,2672,3652,4632,5602,6582,7562,8533,1773,7284,2784,8295,3795,9296,480
2024$305$208$174$186$204$185$181$187$181$186$186$178$175$175$174$171$169$166$173$168$169$153$181$193$196$227$286$311$206$335
2023$338$169$167$218$177$192$191$185$191$189$177$177$181$174$171$170$168$172$193$172$168$169$179$189$269$271$459$625$642

Available Units

12,351

Total Sold

2,048

Average

5%

21% from 2023

Typical Discount

1% to 9%

1% to 8% in 2023

Available Units

12,351

Total Sold

2,048

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.