Greater Houston Real Estate

August 2024 Houston Market Conditions

From August 1st to August 30th, 2024

Units Sold:

7,025

Average Sold Price:

$423,509

Average Sold Discount:

5%

Average Price Reduction:

2%

Average DOM:

66

Sold Listings

7,025

-4% from 2023

Average

$423,509

1% from 2023

Typical

$264k to $470k

$260k to $470k in 2023

select any:
2024
2023
2022
2021
2020

Homes Sold per Price Range

A visual price spectrum representation

$20kto$56k$56kto$93k$93kto$129k$129kto$166k$166kto$250k$250kto$335k$335kto$419k$419kto$503k$503kto$588k$588kto$672k$672kto$756k$756kto$841k$841kto$925k$925kto$2.4M$2.4Mto$4.0M$4.0Mto$5.5M$5.5Mto$7.0M
202412491231681,1241,9461,348776445282205120723272134
20234631102051,2061,9541,375864463331205122992932211

Average

$178

-1% from 2023

Typical

$142 to $193

$143 to $193 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

$9to$34$34to$58$58to$83$83to$108$108to$130$130to$151$151to$173$173to$195$195to$216$216to$238$238to$259$259to$281$281to$303$303to$468$468to$633$633to$798$798to$963
2024416612707621,3541,5921,2586223241891188627364104
2023214732737311,3931,7791,2726373411991077632763102

Avg Days to Sell

66

24% from 2023

Typical Days to Sell

12 to 87

7 to 64 in 2023

select any:
2024
2023
2022
2021
2020

Days on the Market Distribution

The number of homes sold in each DOM range

to2727to5454to8181to107107to134134to161161to188188to215215to242242to405405to568568to731731to894
20242,9441,3268315773782591591039628445158
20233,9381,25966142826416010689792834551

Avgerage

2%

21% 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.)

-38%to-29%-29%to-19%-19%to-10%-10%to0%0%to1%1%to2%2%to4%4%to5%5%to6%6%to7%7%to9%9%to10%10%to11%11%to21%21%to30%30%to39%39%to48%
20241291914,2404505163482992081801161002894886
20233272954,703407458306281193173918824735132

Average

5%

36% from 2023

Typical

0% to 8%

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

-45%to-34%-34%to-24%-24%to-13%-13%to-2%-2%to0%0%to2%2%to5%5%to7%7%to9%9%to11%11%to13%13%to16%16%to18%18%to25%25%to32%32%to39%39%to46%
202435173251,4091,0451,155894660444334210152235702917
202334236081,8741,1231,149847571334252151113162462911

Avgerage

3%

51% 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

-42%to-32%-32%to-22%-22%to-12%-12%to-2%-2%to-1%-1%to1%1%to3%3%to4%4%to6%6%to8%8%to9%9%to11%11%to13%13%to21%21%to29%29%to38%38%to46%
202432193273672,2371,27899155838123314912526465176
20233195555472,5131,3189355463271801118612931133
select any:
2024
2023
2022
2021
2020

Sold Homes by Month Closed

MarchAprilMayJuneJulyAugust
20246,6547,6018,4477,5577,5097,025
20237,9167,3618,7218,8177,6027,320
select any:
2024
2023
2022
2021
2020

Monthly New Listings

FebruaryMarchAprilMayJuneJulyAugust
20247,8519,73011,38311,35111,63610,24313,168
20237,36110,02810,79011,48812,97711,42111,374
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

FebruaryMarchAprilMayJuneJulyAugust
20245,9328,2758,6867,8427,6605,9733,147
20236,3618,9578,7488,6108,54410,3133,506
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$70k$93k$116k$139k$162k$185k$208k$231k$254k$278k$301k$325k$348k$372k$395k$419k$442k$466k$489k$513k$536k$560k$583k$838k$1.3M$1.8M$2.3M$2.8M$3.3M$3.8M
2024935961666773765776596771677460586377596363606762601057412338232
202349683534415049434441484956606554664957515670516373868276166191
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

$45.23$57.54$69.85$82.17$94.48$106.8$119.11$128.3$134.36$140.43$146.5$152.56$158.63$164.69$170.76$176.83$182.89$188.96$195.02$201.09$207.15$213.22$219.29$275.48$381.81$488.14$594.47$700.79$807.12$913.45
20242772110657476816765726862596065646366616467725365676317275917
2023110256845485148494948475147494451534560546655755780891041168424
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

5796928069191,0321,1461,2591,3741,4901,6051,7211,8371,9532,0682,1842,3002,4162,5312,6472,7632,8792,9953,1103,6114,4965,3816,2667,1518,0368,921
20248480748462605968567766645963596559677464666571686790841529456
202333634841514251414448515664504551565765586063475560809259113207
select any:
2024
2023
2022
2021
2020

Year Built versus Time-to-Sell

Buyer demand trends from the Roaring Twenties to modern marvels

18691887190419221940195719751985198819901993199519982000200320052008201020132015201820202023+
2024136817558686758635536485551514759526147525874166
2023561288049544541434731384239393435383540384351154
select any:
2024
2023
2022
2021
2020

Average Days-to-Sell for Each Month

MarchAprilMayJuneJulyAugust
2024777066646466
2023767162585454
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

5646487328169009841,0681,1741,3031,4321,5601,6891,8171,9462,0752,2032,3322,4612,5892,7182,8472,9753,1043,6114,4965,3816,2667,1518,0368,921
2024$234$222$214$171$195$183$181$183$182$181$171$171$171$166$172$171$163$166$163$162$162$188$184$195$230$248$319$368$554$660
2023$258$233$205$215$217$190$175$190$184$185$175$176$169$171$175$167$170$170$163$171$166$176$168$183$213$260$303$333$266$863

Available Units

10,840

Total Sold

1,963

Average

5%

36% from 2023

Typical Discount

0% to 8%

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 August 1st to August 30th, 2024

Units Sold:

1,963

Average Sold Price:

$408,996

Average Sold Discount:

6%

Average Price Reduction:

2%

Average DOM:

87

Sold Listings

1,963

17% from 2023

Average

$408,996

-4% from 2023

Typical

$290k to $443k

$291k to $455k in 2023

select any:
2024
2023
2022
2021
2020

New Homes Sold per Price Range

A visual price spectrum representation

$148kto$167k$167kto$186k$186kto$206k$206kto$225k$225kto$281k$281kto$338k$338kto$394k$394kto$450k$450kto$507k$507kto$563k$563kto$619k$619kto$675k$675kto$732k$732kto$2.3M$2.3Mto$3.9M$3.9Mto$5.4M$5.4Mto$7.0M
202410162150353469362223141885555219162
2023713163528238030122312581534129888

Average

$177

-4% from 2023

Typical

$150 to $190

$156 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

$74to$87$87to$100$100to$113$113to$127$127to$140$140to$153$153to$167$167to$180$180to$193$193to$207$207to$220$220to$234$234to$247$247to$426$426to$605$605to$784$784to$963
202423984189290310345291154895738851021
202315319423332230523914599683387122

Avg Days to Sell

87

-5% from 2023

Typical Days to Sell

17 to 117

16 to 122 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

to3232to6363to9595to127127to158158to190190to221221to253253to285285to425425to566566to706706to847
202472735623521611982494436661977
20236292981991619052515533902321

Avgerage

2%

1% from 2023

Typical

0% to 4%

0% to 4% 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.)

-14%to-10%-10%to-7%-7%to-4%-4%to-1%-1%to1%1%to2%2%to3%3%to5%5%to6%6%to7%7%to8%8%to10%10%to11%11%to15%15%to19%19%to23%23%to27%
20241112841,03211515513911374614331692351
202351214780510611410994706438294922115

Average

6%

57% from 2023

Typical

1% to 10%

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

-26%to-19%-19%to-13%-13%to-7%-7%to0%0%to2%2%to4%4%to6%6%to8%8%to10%10%to12%12%to14%14%to16%16%to18%18%to23%23%to28%28%to33%33%to38%
2024227864552332292472061601217142622961
2023139146512276221178111797022212481

Avgerage

4%

124% from 2023

Typical

0% to 6%

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

-26%to-20%-20%to-13%-13%to-7%-7%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%
20243358873430221715111681705143583272
202311511979832918211663172482811
select any:
2024
2023
2022
2021
2020

New Homes Sold Homes by Month Closed

MarchAprilMayJuneJulyAugust
20241,9932,1482,3562,2252,0471,963
20232,3412,0072,2302,1861,7741,685
select any:
2024
2023
2022
2021
2020

Monthly New Listings

FebruaryMarchAprilMayJuneJulyAugust
20242,3832,7953,0383,0532,7522,8184,130
20232,2772,6572,9352,9592,9542,9693,713
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

FebruaryMarchAprilMayJuneJulyAugust
20242,0232,5032,4922,2702,0081,6441,352
20232,0872,5692,3492,1522,2012,2561,333
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$156k$172k$188k$204k$220k$236k$252k$269k$286k$303k$321k$338k$355k$373k$390k$407k$425k$442k$460k$477k$494k$512k$529k$712k$1.1M$1.4M$1.8M$2.1M$2.5M
202412321833412261741149568788488112847271768010580836610081122171264138159
2023376611814360656355637778821031081069389114101937396104104184241189118173
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

$78.95$98.93$108.91$118.9$128.89$138.88$145.98$150.17$154.37$158.56$162.76$166.95$171.15$175.34$179.54$183.73$187.93$192.12$196.32$200.51$204.71$208.9$264.97$372.92$480.86$588.81
20242323918512693102778873898972828480797782689190889016317451
2023168226786111293939086768780878491638185881199110593151163135212618
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

8509501,0501,1501,2501,3501,4501,5411,6231,7061,7881,8701,9532,0352,1172,2002,2822,3642,4472,5292,6112,6942,7763,2854,2205,1556,0908,895
20242111495721517858771508990847494779171688979828688901168610567
202337247753724687577986918412097847389747811096113106106154158168185
select any:
2024
2023
2022
2021
2020

Average Days-to-Sell for Each Month

MarchAprilMayJuneJulyAugust
20241029793938987
20231071121021019991
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

8409211,0011,0821,1621,2431,3231,4091,5001,5911,6821,7721,8631,9542,0452,1362,2272,3172,4082,4992,5902,6812,7723,2854,2205,1556,0908,895
2024$191$220$175$253$156$187$174$185$174$181$175$179$172$167$167$173$168$161$162$174$165$159$162$190$241$326$186$754
2023$215$388$183$166$185$177$184$183$199$178$182$195$180$176$170$167$175$175$182$162$166$171$181$184$233$335$388$224

Available Units

10,840

Total Sold

1,963

Average

6%

57% from 2023

Typical Discount

1% to 10%

1% to 7% in 2023

Available Units

10,840

Total Sold

1,963

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.