In-depth Real Estate Data: Local Markets

Third Ward Research, Pricing, and Statistics

From May 26th, 2024 through November 22nd, 2024

Units Sold:

100

Average Sold Price:

$374,206

Average Sold Discount:

6%

Average Price Reduction:

2%

Average DOM:

128

The Third Ward local market in Houston offers a diverse selection of homes, with 154 properties currently for sale. Prices range from $98,000 to $1,250,000, averaging around $450,289. Home sizes vary from cozy 432 sq ft to spacious 9,226 sq ft, making it a great time for buyers and sellers alike to explore their options!

Active Listings

155

Average List Price

$451,094

Typical List Price

$366k to $515k

Homes Listed per Price Range

A visual list price spectrum representation

$138kto$231k$231kto$324k$324kto$417k$417kto$510k$510kto$603k$603kto$696k$696kto$789k$789kto$882k$882kto$975k$975kto$1.1M$1.1Mto$1.2M$1.2Mto$1.3M$1.3Mto$1.3M$1.3Mto$1.4M$1.4Mto$1.5M$1.5Mto$1.6M$1.6Mto$1.7M$1.7Mto$1.8M$1.8Mto$1.9M$1.9Mto$2.0M
20241911434223742122

Sold Listings

100

Average Selling Price

$374,206

Typical Selling Price

$225k to $441k

Homes Sold per Price Range

A visual sold price spectrum representation

$3kto$118k$118kto$232k$232kto$347k$347kto$462k$462kto$577k$577kto$692k$692kto$807k$807kto$922k$922kto$1.0M$1.0Mto$1.2M$1.2Mto$1.3M$1.3Mto$1.4M$1.4Mto$1.5M$1.5Mto$1.6M$1.6Mto$1.7M$1.7Mto$1.8M$1.8Mto$2.0M$2.0Mto$2.1M$2.1Mto$2.2M$2.2Mto$2.3M
20247191638151122

Average Sold Price per Sq Ft

$243

Typical Sold Price per Sq Ft

$195 to $246

Number of Homes Sold by Sold Price per Square Foot

Breaking down the market by $/SF ranges

$1to$22$22to$43$43to$64$64to$84$84to$105$105to$126$126to$147$147to$167$167to$188$188to$209$209to$230$230to$250$250to$271$271to$292$292to$313$313to$333$333to$354$354to$375$375to$396$396to$412
2024112331613248612

Average Days to Sell

128

Typical Days to Sell

26 to 200

Days on the Market Distribution

The number of homes sold in each DOM range

to7575to150150to226226to301301to376376to451451to526526to602602to677677to752752to755
20244920121041212

Average Price Reduction

2%

Typical Price Reduction

0% to 2%

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.)

-3%to-1%-1%to1%1%to2%2%to4%4%to6%6%to8%8%to10%10%to11%11%to13%13%to15%15%to17%17%to19%19%to21%21%to22%22%to24%24%to26%26%to28%28%to30%30%to32%32%to33%
20244234192213114541231111212

Average Discount from Original List

6%

Typical Sold Discount from Original List

0% to 7%

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-17%to-13%-13%to-10%-10%to-7%-7%to-4%-4%to-1%-1%to2%2%to6%6%to9%9%to12%12%to15%15%to18%18%to22%22%to25%25%to28%28%to31%31%to34%34%to38%38%to41%41%to44%44%to46%
20241540201252333313

Average Discount from Last List

4%

Typical Sold Discount from Last List

0% to 4%

Negotiated Disocunts from Final List Price

The percentage difference between final list price and closed price, distributed

-17%to-14%-14%to-10%-10%to-7%-7%to-4%-4%to-1%-1%to2%2%to5%5%to8%8%to11%11%to14%14%to18%18%to21%21%to24%24%to27%27%to30%30%to33%33%to36%36%to39%39%to43%43%to46%
202415492463331132

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.