In-depth Real Estate Data: Major Markets

Hobby Research, Pricing, and Statistics

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

Units Sold:

43

Average Sold Price:

$256,934

Average Sold Discount:

2%

Average Price Reduction:

2%

Average DOM:

69

The Hobby market area in Houston offers a diverse selection of homes, with 36 properties currently for sale. Average list prices are around $309,075, with sizes ranging from 1,014 to 4,424 sq ft. Whether you're looking for a cozy 3-bedroom or a spacious 4-bedroom home, there's something for everyone in this vibrant neighborhood.

Active Listings

36

Average List Price

$309,075

Typical List Price

$242k to $376k

Homes Listed per Price Range

A visual list price spectrum representation

$105kto$186k$186kto$267k$267kto$348k$348kto$429k$429kto$500k
20243135124

Sold Listings

43

Average Selling Price

$256,934

Typical Selling Price

$185k to $315k

Homes Sold per Price Range

A visual sold price spectrum representation

$72kto$146k$146kto$220k$220kto$294k$294kto$368k$368kto$442k$442kto$450k
202451212934

Average Sold Price per Sq Ft

$158

Typical Sold Price per Sq Ft

$127 to $182

Number of Homes Sold by Sold Price per Square Foot

Breaking down the market by $/SF ranges

$62to$92$92to$122$122to$152$152to$181$181to$211$211to$241$241to$271$271to$301$301to$311
2024491385112

Average Days to Sell

69

Typical Days to Sell

6 to 137

Days on the Market Distribution

The number of homes sold in each DOM range

to7474to149149to223223to294
202430536

Average Price Reduction

2%

Typical Price Reduction

0% to 4%

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.)

-11%to-9%-9%to-7%-7%to-5%-5%to-3%-3%to-1%-1%to1%1%to3%3%to5%5%to7%7%to9%9%to11%11%to13%13%to15%15%to17%17%to19%19%to21%21%to23%23%to25%25%to27%27%to30%
202421162678522312

Average Discount from Original List

2%

Typical Sold Discount from Original List

0% to 7%

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-23%to-19%-19%to-14%-14%to-10%-10%to-5%-5%to-1%-1%to4%4%to8%8%to13%13%to17%17%to18%
20242224121372

Average Discount from Last List

1%

Typical Sold Discount from Last List

0% to 5%

Negotiated Disocunts from Final List Price

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

-23%to-20%-20%to-17%-17%to-14%-14%to-11%-11%to-9%-9%to-6%-6%to-3%-3%to0%0%to3%3%to6%6%to9%9%to12%
2024112131071162

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.