Greater Houston Real Estate

August 2024 Houston Market Conditions

From August 1st to August 31st, 2024

Units Sold:

6,956

Average Sold Price:

$424,006

Average Sold Discount:

5%

Average Price Reduction:

2%

Average DOM:

66

Sold Listings

6,956

-13% from 2023

Average

$424,006

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$165k$165kto$250k$250kto$336k$336kto$421k$421kto$506k$506kto$591k$591kto$676k$676kto$761k$761kto$846k$846kto$931k$931kto$2.4M$2.4Mto$4.0M$4.0Mto$5.5M$5.5Mto$7.0M
202412491221651,1171,9761,324736441278202111753212034
20234661142211,3202,2121,4899005043572201371103192311

Average

$179

-1% from 2023

Typical

$141 to $193

$143 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

$9to$33$33to$58$58to$83$83to$108$108to$130$130to$151$151to$173$173to$195$195to$217$217to$238$238to$260$260to$282$282to$303$303to$482$482to$661$661to$839$839to$1,018
2024416612667561,3551,5601,258611316191114852805494
2023214793007971,5361,9241,382709373217115863666891

Avg Days to Sell

66

21% from 2023

Typical Days to Sell

12 to 86

7 to 65 in 2023

select any:
2024
2023
2022
2021
2020

Days on the Market Distribution

The number of homes sold in each DOM range

to2727to5353to8080to107107to133133to160160to187187to213213to240240to404404to567567to731731to894
20242,9261,3118045763852411691049028246157
20234,2671,386706481287174128106843215251

Avgerage

2%

20% 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%to3%3%to4%4%to5%5%to6%6%to8%8%to9%9%to10%10%to11%11%to21%21%to30%30%to39%39%to48%
20241291904,205456502352295194183126802884686
20233283235,1204544913583141971821247727139153

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%
202435173211,3961,0351,144894643445330203152230703017
202334246662,0221,2391,272928615373281158125169523213

Avgerage

3%

52% 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%
202432193223632,2151,26298355837722914712426064186
20233196085942,7481,4471,0375983531911189213831163
select any:
2024
2023
2022
2021
2020

Sold Homes by Month Closed

MarchAprilMayJuneJulyAugust
20246,6557,6018,4477,5577,5106,956
20237,9167,3618,7218,8177,6028,000
select any:
2024
2023
2022
2021
2020

Monthly New Listings

FebruaryMarchAprilMayJuneJulyAugust
20248,0459,95511,79412,05512,80412,00215,021
20237,57910,54211,63112,81415,20814,75915,048
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
20245,9468,3038,7357,9357,9467,0384,384
20236,3778,9878,8048,7208,86311,6245,044
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
2024935961666668755875586671677360596278596360616561591069412338232
202347693636394949454440485257616656665256495672546471908276160191
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

$45.22$57.53$69.84$82.15$94.46$106.77$119.08$128.28$134.37$140.46$146.55$152.64$158.73$164.82$170.91$177$183.09$189.18$195.27$201.36$207.45$213.54$219.63$275.81$382.09$488.36$594.64$700.92$807.2$913.47
20242772110657476806763746760585966646365606272685065676318975917
202311025664348504754485047514750425256495755696372608387921027520
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

5796928069191,0321,1461,2591,3741,4901,6061,7221,8371,9532,0692,1852,3012,4172,5332,6492,7652,8802,9963,1123,6134,4975,3826,2677,1518,0368,921
20248481748462605967567566645963606560667263676668686890841529456
202330624941524249434749525665524753535765616163475461868859147207
select any:
2024
2023
2022
2021
2020

Year Built versus Time-to-Sell

Buyer demand trends from the Roaring Twenties to modern marvels

18691887190419221940195719751985198819901993199519982000200320052008201020132015201820202023+
2024136817558686758635536495551514859526047525874164
2023562017549544442424629374142393735403839384351159
select any:
2024
2023
2022
2021
2020

Average Days-to-Sell for Each Month

MarchAprilMayJuneJulyAugust
2024777066646566
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

5646487328168999831,0671,1741,3021,4311,5601,6891,8181,9462,0752,2042,3332,4622,5912,7192,8482,9773,1063,6134,4975,3826,2677,1518,0368,921
2024$234$222$216$171$195$183$181$188$183$181$171$171$171$166$172$171$163$165$163$162$162$188$183$196$231$248$319$368$554$660
2023$288$239$218$232$207$194$170$191$184$185$175$176$170$171$174$169$171$172$163$169$169$174$169$183$216$268$304$333$266$863

Available Units

12,351

Total Sold

1,916

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 31st, 2024

Units Sold:

1,916

Average Sold Price:

$409,152

Average Sold Discount:

6%

Average Price Reduction:

2%

Average DOM:

86

Sold Listings

1,916

3% from 2023

Average

$409,152

-4% from 2023

Typical

$289k to $442k

$291k to $450k 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$620k$620kto$676k$676kto$732k$732kto$2.3M$2.3Mto$3.9M$3.9Mto$5.4M$5.4Mto$7.0M
202410142149348460354217136845352228862
2023713184130543234423913886574431968

Average

$177

-4% from 2023

Typical

$149 to $190

$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

$74to$87$87to$100$100to$113$113to$126$126to$140$140to$153$153to$166$166to$180$180to$193$193to$206$206to$220$220to$233$233to$247$247to$426$426to$605$605to$784$784to$963
2024231081184281302334282156885540821121
202311432113251342345257171114744093132

Avg Days to Sell

86

-8% from 2023

Typical Days to Sell

16 to 116

16 to 124 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

to3232to6363to9595to127127to158158to190190to222222to254254to285285to413413to541541to669669to797
202471734523820211982423936621798
202368532522916910364575841972742

Avgerage

2%

-3% 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%to9%9%to10%10%to11%11%to15%15%to19%19%to23%23%to27%
20241112821,00711215313811071574429672351
2023614155903110124116106757041306026127

Average

6%

55% 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%
2024226864432272222462041531206838602871
202313101635693002501881219174252626811

Avgerage

4%

128% 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-19%-19%to-13%-13%to-7%-7%to0%0%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%
20243348673528320214811380685044553273
2023117136894352199127671728821111
select any:
2024
2023
2022
2021
2020

New Homes Sold Homes by Month Closed

MarchAprilMayJuneJulyAugust
20241,9932,1482,3562,2252,0481,916
20232,3412,0072,2302,1861,7741,862
select any:
2024
2023
2022
2021
2020

Monthly New Listings

FebruaryMarchAprilMayJuneJulyAugust
20242,4732,9123,2703,3803,1453,2514,418
20232,3822,8493,2813,4643,5773,6774,454
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
20242,0332,5272,5342,3422,2022,1221,290
20232,0992,5942,3982,2382,4132,8121,360
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$320k$338k$355k$372k$390k$407k$424k$441k$459k$476k$493k$510k$528k$710k$1.1M$1.4M$1.8M$2.1M$2.5M
202412321821412263741029566788288107887073718310081865210080123171303231159
2023376611813972736359637783841051051041018511811095699294106176241222118173
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$98.96$108.96$118.97$128.97$138.97$146.07$150.25$154.43$158.61$162.79$166.97$171.15$175.34$179.52$183.7$187.88$192.06$196.24$200.42$204.6$208.78$264.86$372.82$480.78$588.74
20242323918512089101778573828874808383787781638990869118214482
2023168226628211987918887828878859396757885919610110697146160131212618
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

8509491,0491,1491,2481,3481,4471,5381,6211,7031,7851,8671,9502,0322,1142,1962,2792,3612,4432,5252,6082,6902,7723,2814,2175,1526,0888,895
20242111495721527460771438495847590799471728679789473891239010567
202337197753714892608388978511995896982828012483114114103153176158185348
select any:
2024
2023
2022
2021
2020

Average Days-to-Sell for Each Month

MarchAprilMayJuneJulyAugust
20241029793938986
20231071121021019993
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

8409201,0001,0801,1601,2411,3211,4061,4971,5881,6781,7691,8601,9512,0422,1322,2232,3142,4052,4952,5862,6772,7683,2814,2175,1526,0888,895
2024$191$220$175$253$156$188$174$184$175$181$175$178$173$167$166$170$169$161$162$172$165$159$162$191$249$322$186$754
2023$215$391$183$166$185$177$191$187$199$178$182$193$181$176$171$168$177$176$181$165$160$170$171$184$225$333$368$224$269

Available Units

12,351

Total Sold

1,916

Average

6%

55% from 2023

Typical Discount

1% to 10%

1% to 7% in 2023

Available Units

12,351

Total Sold

1,916

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.