In-depth Real Estate Data: Local Markets

Thompsons Research, Pricing, and Statistics

From May 28th, 2024 through November 24th, 2024

Units Sold:

16

Average Sold Price:

$476,781

Average Sold Discount:

7%

Average Price Reduction:

2%

Average DOM:

102

The Thompsons local market in Houston offers 22 homes for sale, with an average list price of $784,091. Homes range from 1,308 to 6,057 sq ft and feature lot sizes from 27,720 to 1,481,040 sq ft. Whether you're buying or selling, this diverse market has options for various needs and budgets.

Active Listings

22

Average List Price

$784,091

Typical List Price

$459k to $1,061k

Homes Listed per Price Range

A visual list price spectrum representation

$115kto$421k$421kto$727k$727kto$1.0M$1.0Mto$1.3M$1.3Mto$1.6M$1.6Mto$1.9M
2024574412

Sold Listings

16

Average Selling Price

$476,781

Typical Selling Price

$231k to $732k

Homes Sold per Price Range

A visual sold price spectrum representation

$131kto$283k$283kto$436k$436kto$588k$588kto$740k$740kto$893k$893kto$1.0M
2024631223

Average Sold Price per Sq Ft

$215

Typical Sold Price per Sq Ft

$174 to $233

Number of Homes Sold by Sold Price per Square Foot

Breaking down the market by $/SF ranges

$107to$127$127to$148$148to$168$168to$189$189to$209
20242117

Average Days to Sell

102

Typical Days to Sell

18 to 168

Days on the Market Distribution

The number of homes sold in each DOM range

5to7575to145145to215215to284284to354354to424
2024101222

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.)

-18%to-16%-16%to-14%-14%to-12%-12%to-10%-10%to-8%-8%to-6%-6%to-4%-4%to-2%-2%to0%0%to2%2%to4%4%to6%6%to8%8%to10%10%to12%12%to14%14%to16%16%to18%18%to20%20%to22%
202413152211113

Average Discount from Original List

7%

Typical Sold Discount from Original List

0% to 16%

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-19%to-10%-10%to0%0%to9%9%to19%19%to28%
20242824

Average Discount from Last List

6%

Typical Sold Discount from Last List

0% to 11%

Negotiated Disocunts from Final List Price

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

-14%to-8%-8%to-3%-3%to2%2%to8%8%to13%13%to18%
202415425

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.