Houston Real Estate Rankings

Top 10 Major Markets in HoustonHighest Inventory Surplus

In Houston's real estate scene, the latest stats as of September 2024 show which major markets are struggling to sell, with the data reflecting the past six months. This list ranks the top 10 markets by their highest months of inventory, revealing where sellers are having the hardest time moving properties.
Statistics calculated from from March 13, 2024 to September 09, 2024
1
Surfside
27.59 Months of Inventory
Surfside takes the top spot with a whopping 28 months of inventory. With 134 active listings and only 34 sales during the period, properties are sitting on the market for an average of 152 days, highlighting a significant oversupply issue.

Available Homes:

147

Homes Sold:

34

Average Sold Price:

$447k

Average Days to Sell:

152

Average Discount:

8%

Surfside Statistics and TrendsAvailable Homes
2
Galveston
18.39 Months of Inventory
Galveston, known for its beaches, ranks second with 18 months of inventory. During the period, it had 1786 active listings and 672 sales, with properties taking an average of 129 days to sell. The high inventory indicates a market cooling off.

Available Homes:

1,903

Homes Sold:

672

Average Sold Price:

$518k

Average Days to Sell:

129

Average Discount:

7%

Galveston Statistics and TrendsAvailable Homes
3
Brookshire
14.64 Months of Inventory
Brookshire, a quieter suburb, finds itself in third place with nearly 15 months of inventory. With just 46 active listings and 22 sales during the period, homes are lingering for around 63 days, showing a slow pace in this market.

Available Homes:

47

Homes Sold:

22

Average Sold Price:

$307k

Average Days to Sell:

63

Average Discount:

7%

Brookshire Statistics and TrendsAvailable Homes

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4
Huffman
13.02 Months of Inventory
Huffman sits in fourth place with 13 months of inventory. This market had 93 active listings and 50 sales, with homes averaging 110 days on the market. The extended days on market suggest a slower movement in this area.

Available Homes:

99

Homes Sold:

50

Average Sold Price:

$319k

Average Days to Sell:

110

Average Discount:

7%

Huffman Statistics and TrendsAvailable Homes
5
Dayton
12.89 Months of Inventory
Dayton, a community known for its rural charm, is fifth with almost 13 months of inventory. It saw 302 active listings and 162 sales, with properties taking around 110 days to sell, reflecting challenges in demand.

Available Homes:

351

Homes Sold:

162

Average Sold Price:

$342k

Average Days to Sell:

110

Average Discount:

5%

Dayton Statistics and TrendsAvailable Homes
6
North Loop
12.69 Months of Inventory
North Loop ranks sixth with 13 months of inventory. With 386 active listings and 209 sales during the period, homes are on the market for an average of 108 days, indicating a saturated market.

Available Homes:

429

Homes Sold:

209

Average Sold Price:

$308k

Average Days to Sell:

108

Average Discount:

5%

North Loop Statistics and TrendsAvailable Homes
7
Downtown
12.25 Months of Inventory
Downtown, the city's bustling heart, comes in seventh with 12 months of inventory. With 35 active listings and 20 sales, properties are selling after about 96 days on average, suggesting a balanced yet competitive downtown market.

Available Homes:

39

Homes Sold:

20

Average Sold Price:

$299k

Average Days to Sell:

96

Average Discount:

2%

Downtown Statistics and TrendsAvailable Homes
8
Livingston
12.02 Months of Inventory
Livingston, known for its natural beauty, is eighth with 12 months of inventory. It had 194 active listings and 113 sales, with an average of 93 days on the market. The lower days on the market might indicate a more attractive price point.

Available Homes:

203

Homes Sold:

113

Average Sold Price:

$336k

Average Days to Sell:

93

Average Discount:

9%

Livingston Statistics and TrendsAvailable Homes
9
East End-East Loop
12.01 Months of Inventory
East End-East Loop is ninth with just over 12 months of inventory. During the period, it saw 302 active listings and 173 sales. Properties are moving after about 77 days, showcasing a slightly quicker turnaround.

Available Homes:

330

Homes Sold:

173

Average Sold Price:

$375k

Average Days to Sell:

77

Average Discount:

4%

East End-East Loop Statistics and TrendsAvailable Homes
10
University
11.94 Months of Inventory
University finishes the list in the tenth spot with 12 months of inventory. With 382 active listings and 221 sales in the period, homes are selling in about 90 days, reflecting a steady market pace.

Available Homes:

431

Homes Sold:

221

Average Sold Price:

$321k

Average Days to Sell:

90

Average Discount:

5%

University Statistics and TrendsAvailable Homes

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