Greater Houston Real Estate

Quarterly Market Statistics - 2024 Q1

From January 1st to March 30th, 2024

Units Sold:

17,721

Average Sold Price:

$403,930

Average Sold Discount:

5%

Average Price Reduction:

2%

Average DOM:

76

Sold Listings

17,721

1% from 2023

Average

$403,930

3% from 2023

Typical

$259k to $447k

$251k to $438k in 2023

select any:
2024
2023
2022
2021
2020

Homes Sold per Price Range

A visual price spectrum representation

$180to$40k$40kto$80k$80kto$120k$120kto$160k$160kto$236k$236kto$311k$311kto$387k$387kto$462k$462kto$538k$538kto$613k$613kto$689k$689kto$764k$764kto$840k$840kto$5.4M$5.4Mto$9.9M$9.9Mto$14.5M$14.5Mto$19.0M
202418982714872,2114,8033,6392,0841,23279956236525889121
2023161183204732,4934,9023,3752,0231,2117755383242167746

Average

$176

3% from 2023

Typical

$139 to $190

$136 to $184 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

$0to$26$26to$53$53to$79$79to$105$105to$127$127to$149$149to$171$171to$192$192to$214$214to$236$236to$257$257to$279$279to$301$301to$569$569to$837$837to$1,105$1,105to$1,373
20249431626711,7963,4934,1713,1301,6248004452711848087061
20235352058011,9983,8684,1522,8501,265709420245167750495

Avg Days to Sell

76

4% from 2023

Typical Days to Sell

13 to 109

12 to 109 in 2023

select any:
2024
2023
2022
2021
2020

Days on the Market Distribution

The number of homes sold in each DOM range

to2727to5353to8080to107107to133133to160160to187187to213213to240240to513513to787787to1,0601,060to1,333
20246,7102,7712,0121,6671,2349656724853117959162
20236,6262,7551,9791,6691,2709127215743216963343

Avgerage

2%

-31% from 2023

Typical

0% to 4%

0% to 6% 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.)

-45%to-34%-34%to-22%-22%to-11%-11%to0%0%to1%1%to3%3%to4%4%to5%5%to7%7%to8%8%to9%9%to10%10%to12%12%to21%21%to31%31%to40%40%to49%
2024632555210,5921,1051,15495571459847135625975794276
202349134919,3959431,0109277786546224793931,610163265

Average

5%

-14% from 2023

Typical

0% to 8%

0% to 10% in 2023

select any:
2024
2023
2022
2021
2020

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-48%to-36%-36%to-25%-25%to-13%-13%to-2%-2%to0%0%to2%2%to5%5%to7%7%to9%9%to11%11%to13%13%to15%15%to18%18%to25%25%to33%33%to41%41%to49%
20241114388193,4622,5802,8592,2151,7301,2148915493946311596231
2023912399633,2882,1612,3472,0201,5801,2651,0157956421,0802036823

Avgerage

3%

7% from 2023

Typical

0% to 5%

0% to 5% 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

-47%to-36%-36%to-24%-24%to-13%-13%to-2%-2%to-1%-1%to1%1%to3%3%to4%4%to6%6%to7%7%to9%9%to10%10%to12%12%to21%21%to30%30%to39%39%to48%
202469378349065,4813,0152,4351,5881,0326654683487021353316
202366369768735,4582,8902,4181,6301,1096774262886131142312
select any:
2024
2023
2022
2021
2020

Sold Homes by Month Closed

JanuaryFebruaryMarch
20244,9496,1176,655
20234,5905,8437,131
select any:
2024
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20245,1904,4183,6855,7737,84511,488
20235,0874,2923,7295,8607,85211,678
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
20246,1685,8871,8868171,2113,151
20236,3165,8511,8918271,2173,165
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$66k$89k$112k$135k$158k$181k$204k$226k$249k$271k$294k$316k$339k$361k$384k$406k$429k$451k$474k$496k$519k$541k$564k$819k$1.3M$1.8M$2.3M$2.8M$3.3M$3.8M
20246262505359746159616769767481827588929190839590898613610697125191
202369555243505358506461687372778081907778858587908792108118108133181
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

$37.82$50.97$64.11$77.26$90.41$103.55$116.7$126.21$132.09$137.97$143.85$149.73$155.61$161.48$167.36$173.24$179.12$185$190.88$196.76$202.64$208.52$214.39$262.74$353.54$444.34$535.14$625.94$716.75$807.55
202451535462666781797877767469687373717475728381728311380931037961
20233850515756677068676970686869657076787187828895809292858392121
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

5596737889021,0161,1311,2451,3581,4691,5801,6911,8021,9132,0242,1352,2472,3582,4692,5802,6912,8022,9133,0243,5744,5625,5496,5377,5258,5129,500
20247861767172576662616868676476777680848480838497939610413715316569
202340595466565854596265656974787170778279848480848879118139140140166
select any:
2024
2023
2022
2021
2020

Year Built versus Time-to-Sell

Buyer demand trends from the Roaring Twenties to modern marvels

18731890190719241941195819751984198719891992199519972000200220052007201020122015201820202023+
2024107948181796761606363596558716566697060737778109
2023108817974686757466159555855625864666073666464110
select any:
2024
2023
2022
2021
2020

Average Days-to-Sell for Each Month

JanuaryFebruaryMarch
2024767677
2023697576
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

5476367268159049941,0831,1891,3111,4331,5551,6771,7991,9212,0432,1652,2872,4092,5312,6532,7752,8973,0193,5744,5625,5496,5377,5258,5129,500
2024$301$221$186$197$185$178$189$176$183$180$173$174$169$167$169$167$163$165$168$166$162$169$174$183$224$267$285$449$444$372
2023$272$183$180$232$196$180$183$178$175$172$172$166$167$162$164$161$160$162$161$161$158$166$171$175$202$265$310$373$393$464

Available Units

9,463

Total Sold

5,599

Average

5%

-14% from 2023

Typical Discount

0% to 8%

0% to 10% 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 January 1st to March 30th, 2024

Units Sold:

5,599

Average Sold Price:

$400,734

Average Sold Discount:

6%

Average Price Reduction:

3%

Average DOM:

97

Sold Listings

5,599

4% from 2023

Average

$400,734

-1% from 2023

Typical

$283k to $440k

$280k to $445k in 2023

select any:
2024
2023
2022
2021
2020

New Homes Sold per Price Range

A visual price spectrum representation

$115kto$141k$141kto$168k$168kto$195k$195kto$222k$222kto$279k$279kto$336k$336kto$393k$393kto$450k$450kto$507k$507kto$564k$564kto$621k$621kto$678k$678kto$735k$735kto$2.0M$2.0Mto$3.3M$3.3Mto$4.6M$4.6Mto$5.9M
2024923671791,0501,403988608347248169145832601532
2023316481711,0711,258932599371205194157952221122

Average

$177

0% from 2023

Typical

$150 to $191

$150 to $188 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

$85to$96$96to$106$106to$116$116to$127$127to$139$139to$152$152to$165$165to$177$177to$190$190to$203$203to$215$215to$228$228to$241$241to$390$390to$540$540to$690$690to$840
20244564207479735882986784507346207982363293
20231736138477805946955751410250177792684262

Avg Days to Sell

97

-3% from 2023

Typical Days to Sell

20 to 142

26 to 153 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

to3333to6565to9898to131131to163163to196196to229229to261261to294294to470470to646646to822822to998
20241,9309406754984573372371638219071154
20231,5549236805684433772962061141663011

Avgerage

3%

-43% from 2023

Typical

0% to 6%

0% to 10% 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.)

-17%to-13%-13%to-9%-9%to-5%-5%to-1%-1%to1%1%to2%2%to4%4%to5%5%to7%7%to8%8%to10%10%to11%11%to13%13%to18%18%to23%23%to28%28%to34%
2024311172492,56036649743937728723915711121652102
202318301931,808228322378344345346297258591174234

Average

6%

-23% from 2023

Typical

2% to 10%

2% to 13% 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-31%-31%to-21%-21%to-11%-11%to0%0%to1%1%to3%3%to5%5%to7%7%to9%9%to11%11%to13%13%to15%15%to17%17%to23%23%to30%30%to36%36%to42%
20242142691,0996816316336345143972511962373644
20231662708954604414624504834363953176478231

Avgerage

3%

13% from 2023

Typical

0% to 5%

0% to 5% 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-31%-31%to-21%-21%to-11%-11%to-1%-1%to1%1%to2%2%to4%4%to5%5%to7%7%to8%8%to10%10%to11%11%to13%13%to20%20%to27%27%to34%34%to41%
20242122651,9417906864973692592071681232284813
2023252061,9357746685664032551801148114921
select any:
2024
2023
2022
2021
2020

New Homes Sold Homes by Month Closed

JanuaryFebruaryMarch
20241,5332,0731,993
20231,3581,8982,104
select any:
2024
2023
2022
2021
2020

Monthly New Listings

JanuaryFebruaryMarchAprilMayJune
20241,5031,2431,5102,2832,8723,157
20231,3621,1551,5032,3462,8793,323
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
20241,9321,7336644857181,280
20231,9421,6276204957251,293
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus List Price

Modeling the market pace across the price spectrum

$143k$160k$177k$194k$211k$227k$244k$261k$279k$297k$315k$333k$351k$369k$387k$405k$423k$441k$459k$477k$495k$513k$531k$787k$1.3M$1.8M$2.3M$2.8M$3.3M$3.8M
2024741841857047656369798190819710797108105125121115123118125120145257128126132320
20231699639654554786677851019910312010911911310111712211612810612613114125284279480
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

$86.61$94.95$103.28$111.61$119.95$128.28$136.61$142.99$147.41$151.83$156.25$160.67$165.1$169.52$173.94$178.36$182.78$187.2$191.63$196.05$200.47$204.89$209.31$256.41$346.18$435.94$525.71$615.48$705.25
2024104256671411121011041059696829088928891858388791169597109177207176143114
2023761249873839610096919485919610210110297110105114121120107123100139181125383
select any:
2024
2023
2022
2021
2020

Average Days to Sell versus Home Size

Market momentum as segemented by square footage range

6427678921,0171,1421,2671,3921,4991,5891,6781,7681,8581,9472,0372,1272,2172,3062,3962,4862,5762,6652,7552,8453,3194,1785,0365,8956,7537,612
2024102121182139804586649182857875981108913210511111611289129130122143122259196
2023361436107546086739187918610710210090102109113109123136122130128103231189127
select any:
2024
2023
2022
2021
2020

Average Days-to-Sell for Each Month

JanuaryFebruaryMarch
20249693102
20239299106
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

6337388439481,0531,1581,2631,3651,4641,5621,6601,7591,8571,9552,0542,1522,2502,3492,4472,5452,6442,7422,8403,3194,1785,0365,8956,7537,612
2024$414$310$191$171$209$180$175$183$182$184$175$178$168$171$172$167$162$159$176$168$167$153$173$188$217$301$359$523$638
2023$218$373$173$167$195$176$184$186$181$181$172$179$168$168$167$165$160$170$179$165$163$160$170$187$224$294$426$443$491

Available Units

9,463

Total Sold

5,599

Average

6%

-23% from 2023

Typical Discount

2% to 10%

2% to 13% in 2023

Available Units

9,463

Total Sold

5,599

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.