Greater Houston Real Estate

September 2024 Houston Market Conditions

From September 1st to September 30th, 2024

Units Sold:

6,493

Average Sold Price:

$418,561

Average Sold Discount:

5%

Average Price Reduction:

3%

Average DOM:

70

Sold Listings

6,493

-6% from 2023

Average

$418,561

1% from 2023

Typical

$264k to $456k

$260k to $460k in 2023

select any:
2024
2023
2022
2021
2020

Homes Sold per Price Range

A visual price spectrum representation

$2kto$44k$44kto$86k$86kto$128k$128kto$170k$170kto$250k$250kto$330k$330kto$410k$410kto$490k$490kto$570k$570kto$650k$650kto$730k$730kto$810k$810kto$890k$890kto$2.7M$2.7Mto$4.6M$4.6Mto$6.4M$6.4Mto$8.3M
2024458861739691,8381,27470542525318995983012122
20232421152461,0431,9091,329704449289210121843151332

Average

$179

0% from 2023

Typical

$141 to $195

$141 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$54$54to$81$81to$108$108to$129$129to$151$151to$173$173to$194$194to$216$216to$237$237to$259$259to$281$281to$302$302to$839$839to$1,377$1,377to$1,914$1,914to$2,451
2024212712406451,3231,4701,08065529217412172318511
202317682586851,3821,6461,1046163391721217638521

Avg Days to Sell

70

23% from 2023

Typical Days to Sell

13 to 95

8 to 71 in 2023

select any:
2024
2023
2022
2021
2020

Days on the Market Distribution

The number of homes sold in each DOM range

to2626to5252to7878to104104to129129to155155to181181to207207to233233to486486to738738to991991to1,243
20242,4971,136837569443292191123762833772
20233,2941,2547974512931971219262296192

Avgerage

3%

13% from 2023

Typical

0% to 4%

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.)

-42%to-31%-31%to-21%-21%to-10%-10%to0%0%to1%1%to3%3%to4%4%to6%6%to7%7%to8%8%to10%10%to11%11%to13%13%to20%20%to28%28%to35%35%to43%
20244171733,8354994503432672031501318627929115
20231183464,1084734703992092481631217019439135

Average

5%

23% from 2023

Typical

0% to 8%

0% 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

-42%to-32%-32%to-22%-22%to-12%-12%to-2%-2%to1%1%to3%3%to5%5%to7%7%to10%10%to12%12%to14%14%to16%16%to19%19%to26%26%to34%34%to42%42%to50%
202456113001,3901,0621,044770548386279202142234641511
202325315191,6601,1721,08575752735723212611818261179

Avgerage

3%

33% 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%to0%0%to1%1%to3%3%to5%5%to6%6%to8%8%to10%10%to11%11%to13%13%to22%22%to32%32%to41%41%to50%
202414113083532,2971,17983251428318211885247571110
202324274524572,5011,2358715032851381187215436114
select any:
2024
2023
2022
2021
2020

Sold Homes by Month Closed

AprilMayJuneJulyAugustSeptember
20247,6018,4477,5577,5097,0356,493
20237,3618,7218,8177,6028,0006,879
select any:
2024
2023
2022
2021
2020

Monthly New Listings

MarchAprilMayJuneJulyAugustSeptember
20249,10811,76412,00012,67711,81514,95413,557
20239,94111,11812,14314,01713,39513,39313,083
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

MarchAprilMayJuneJulyAugustSeptember
20247,1278,7177,9007,8186,7517,4027,335
20237,8208,8118,7198,78411,5118,1497,202
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$208k$231k$254k$276k$299k$321k$343k$366k$388k$411k$433k$456k$478k$500k$523k$545k$568k$816k$1.3M$1.8M$2.2M$2.7M$3.2M$3.7M
2024406378637569636068666772697380726664687382737674699810082101141
20233155555943475343395055566055616459756068564578676798771234316
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

$44.31$56.81$69.31$81.81$94.32$106.82$119.32$128.59$134.63$140.66$146.7$152.74$158.78$164.82$170.85$176.89$182.93$188.97$195$201.04$207.08$213.12$219.15$273.63$376.55$479.47$582.39$685.31$788.23$891.15
202485669976367727174607062746168686665677369726476951157216160126
20236746365554495255465556555451544864556459676261667368886381
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

5636828019201,0381,1571,2761,3881,4951,6021,7081,8151,9212,0282,1342,2412,3482,4542,5612,6672,7742,8802,9873,4974,4125,3266,2407,1548,0698,983
2024801108279748854866475696467676363756466726967857078961247138752
202358695859456056455051525249625555565864585654736564936074159
select any:
2024
2023
2022
2021
2020

Year Built versus Time-to-Sell

Buyer demand trends from the Roaring Twenties to modern marvels

18801896191219281943195919751984198719901992199519972000200320052008201120132016201820212024
202463757171846860564754435644496563546164646510485
202344486888635542353748373535453943454540475251173
select any:
2024
2023
2022
2021
2020

Average Days-to-Sell for Each Month

AprilMayJuneJulyAugustSeptember
2024706664646670
2023716258545457
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

5516447378309231,0161,1091,2141,3321,4501,5671,6851,8031,9212,0392,1572,2742,3922,5102,6282,7462,8642,9813,4974,4125,3266,2407,1548,0698,983
2024$335$188$174$180$203$210$182$177$182$177$175$176$170$169$173$171$168$164$172$171$164$182$175$196$223$270$266$319$334$507
2023$295$213$193$232$200$187$177$193$190$181$182$178$171$171$169$167$167$169$172$166$168$173$184$184$217$255$285$462$529

Available Units

10,840

Total Sold

1,929

Average

5%

23% from 2023

Typical Discount

0% to 8%

0% to 7% 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 September 1st to September 30th, 2024

Units Sold:

1,929

Average Sold Price:

$383,821

Average Sold Discount:

7%

Average Price Reduction:

3%

Average DOM:

89

Sold Listings

1,929

1% from 2023

Average

$383,821

-7% from 2023

Typical

$280k to $420k

$293k to $446k in 2023

select any:
2024
2023
2022
2021
2020

New Homes Sold per Price Range

A visual price spectrum representation

$90kto$121k$121kto$153k$153kto$184k$184kto$216k$216kto$267k$267kto$319k$319kto$370k$370kto$422k$422kto$474k$474kto$525k$525kto$577k$577kto$628k$628kto$680k$680kto$1.4M$1.4Mto$2.1M$2.1Mto$2.8M$2.8Mto$3.5M
202436266228344237525314999703133811051
202332151235403394266128128734845101174

Average

$176

-3% from 2023

Typical

$150 to $192

$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

$66to$81$81to$97$97to$112$112to$127$127to$139$139to$152$152to$164$164to$176$176to$188$188to$201$201to$213$213to$225$225to$238$238to$410$410to$582$582to$754$754to$927
2024811276160249307283279212132703989521
202344914722832532423820213383541091731

Avg Days to Sell

89

6% from 2023

Typical Days to Sell

19 to 124

16 to 110 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

to3131to6363to9494to125125to156156to188188to219219to250250to282282to426426to571571to716716to861
202466832325421614793584726681784
202372637524716212159422127109273

Avgerage

3%

28% from 2023

Typical

0% to 5%

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.)

-33%to-25%-25%to-17%-17%to-9%-9%to-1%-1%to1%1%to3%3%to4%4%to6%6%to7%7%to9%9%to10%10%to12%12%to14%14%to17%17%to21%21%to25%25%to29%
2024159195515317411711180594637692152
20235207911148150161867961372728844

Average

7%

64% 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

-42%to-32%-32%to-21%-21%to-11%-11%to0%0%to2%2%to4%4%to6%6%to8%8%to11%11%to13%13%to15%15%to17%17%to20%20%to25%25%to31%31%to37%37%to42%
202422904662672302321751311166949801322
202311101886253042541881416959342016521

Avgerage

4%

114% 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

-42%to-32%-32%to-21%-21%to-11%-11%to-1%-1%to1%1%to3%3%to5%5%to7%7%to9%9%to10%10%to12%12%to14%14%to16%16%to20%20%to25%25%to29%29%to33%
2024139381127223214086714241405128153
20231914889336323512663292316541
select any:
2024
2023
2022
2021
2020

New Homes Sold Homes by Month Closed

AprilMayJuneJulyAugustSeptember
20242,1482,3562,2252,0471,9681,929
20232,0072,2302,1861,7741,8621,919
select any:
2024
2023
2022
2021
2020

Monthly New Listings

MarchAprilMayJuneJulyAugustSeptember
20242,7633,2553,3503,0813,1544,3123,598
20232,7603,1383,2823,2433,2743,8353,621
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

MarchAprilMayJuneJulyAugustSeptember
20242,2312,5202,3192,1222,0182,3892,339
20232,3572,4062,2522,3892,7172,2962,253
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$111k$155k$176k$198k$220k$242k$261k$277k$293k$309k$325k$341k$357k$373k$389k$405k$421k$437k$453k$469k$485k$501k$733k$1.2M$1.6M$2.1M$2.5M
20241971881396971107101778672857396931029571105759455869888197132151
2023168577710454594867607480718391881148093996810491831131061046521723628
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

$72.42$83.27$94.12$115.81$126.66$137.51$145.06$149.3$153.55$157.8$162.04$166.29$170.54$174.78$179.03$183.27$187.52$191.77$196.01$200.26$204.51$208.75$263.14$367.68$472.21$681.27
20241592451386102869673801039710082896692836376898410795166177189
2023133772593925710184779181837479667510571819176106809910712799126274
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

7018129231,0341,1461,2571,3681,4661,5501,6341,7191,8031,8871,9712,0562,1402,2242,3082,3932,4772,5612,6452,7303,0203,5164,0134,5095,0065,5025,999
202417216218679675888999110086848876808377107959382958394949015113622198
2023561343879345100559470766183858658119811059283779110613871117226472
select any:
2024
2023
2022
2021
2020

Average Days-to-Sell for Each Month

AprilMayJuneJulyAugustSeptember
2024979393898789
2023112102101999384
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

6937908879841,0801,1771,2741,3671,4581,5491,6391,7301,8201,9112,0022,0922,1832,2732,3642,4552,5452,6362,7263,0203,5164,0134,5095,0065,5025,999
2024$184$193$166$170$188$167$174$182$179$179$184$184$174$174$166$166$178$163$166$166$180$166$156$173$180$201$251$261$494$390
2023$221$384$189$176$197$175$178$181$187$190$180$186$173$178$169$171$168$169$174$174$160$165$185$193$209$258$277$201$128$568

Available Units

10,840

Total Sold

1,929

Average

7%

64% from 2023

Typical Discount

1% to 10%

1% to 7% in 2023

Available Units

10,840

Total Sold

1,929

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.