Houston, TX
Housing Market
Houston's housing market is dynamic, with home prices and demand constantly shifting. Houzeo's housing market report monitors these fluctuations, providing real-time insights into Houston's supply and demand trends. Our report equips you with all the information you need to make well-informed decisions.
Verified Data
Updated Monthly
Fast Insights
Real-time Analytics
Last updated
Overview
Supply
Demand
Buy or SellHouston Housing Market Overview
The housing market in Houston, TX offers diverse options for many buyers. Historic neighborhoods near downtown showcase character-rich homes with architectural charm. Also, nearby suburban communities deliver family-friendly environments with excellent schools. Throughout the metro area, master-planned developments feature amenities for convenient living. Currently, the Houston real estate market shows notable price stability. The median house price in Houston has remained flat year-over-year, at $340,000 across the city. On the market, properties now typically remain for 58 days. This timeframe marks a 10-day increase from last year. Such extended selling periods indicate a balanced market gradually taking shape.
Houston maintains popularity for several compelling economic reasons. Its robust energy sector provides stable employment across multiple industries. Additionally, the Texas Medical Center creates thousands of healthcare jobs. This economic diversity offers resilience during national financial fluctuations. Consequently, housing in Houston, Texas remains affordable compared to other major US cities. Despite these advantages, home sales have experienced a slight decline. This month, only 1,391 homes were sold throughout Houston. This figure represents a 3.1% decrease YoY. Such moderating transaction volume suggests buyer hesitation in this stabilizing market. Nevertheless, Houston's real estate sector continues supporting Texas' broader economic growth. Known for cultural diversity and minimal zoning restrictions, Houston attracts varied buyers. Young professionals gravitate toward urban living near major employment centers. Meanwhile, families value spacious lots and affordability in suburban communities. Simultaneously, investors recognize strong rental potential near educational and medical institutions.
Houston maintains popularity for several compelling economic reasons. Its robust energy sector provides stable employment across multiple industries. Additionally, the Texas Medical Center creates thousands of healthcare jobs. This economic diversity offers resilience during national financial fluctuations. Consequently, housing in Houston, Texas remains affordable compared to other major US cities. Despite these advantages, home sales have experienced a slight decline. This month, only 1,391 homes were sold throughout Houston. This figure represents a 3.1% decrease YoY. Such moderating transaction volume suggests buyer hesitation in this stabilizing market. Nevertheless, Houston's real estate sector continues supporting Texas' broader economic growth. Known for cultural diversity and minimal zoning restrictions, Houston attracts varied buyers. Young professionals gravitate toward urban living near major employment centers. Meanwhile, families value spacious lots and affordability in suburban communities. Simultaneously, investors recognize strong rental potential near educational and medical institutions.
Median Sale Price
$
0% year-over-year
All Home Types 
1 year
3 year
5 year
Houston
Houston Housing Supply
Houston presents numerous opportunities for real estate investors across diverse neighborhoods. Currently, the number of houses for sale in Houston has increased to 7,176 properties citywide. This Houston housing inventory growth represents a significant 13% year-over-year expansion. Newly listed homes have increased marginally by 0.7%. This modest rise brought 2,720 new homes into the market. As a result, Houston's housing supply now stands at 5.2 months. This supply level marks an increase of 0.8 months from last year. Importantly, this 5.2-month figure approaches the widely recognized balanced market threshold.
Throughout the year, Houston's housing supply experiences predictable seasonal variations. Typically, spring brings increased listing activity across most neighborhoods. Following this trend, summer sees family relocations before the school years begin. This cyclical pattern reflects Houston's appeal as a family-friendly metropolis. Throughout the city, popular areas offer distinct lifestyle advantages. For instance, The Heights neighborhood showcases historic charm minutes from downtown. Further west, the Energy Corridor provides convenient proximity to major employers. For families, homes in Katy features excellent schools within newer master-planned communities. Supporting these housing options, Houston's expanding infrastructure drives continued market growth. Recently, the Grand Parkway extension improved connectivity to developing suburban communities. Simultaneously, ongoing downtown revitalization attracts urban professionals seeking walkable neighborhoods. Further bolstering demand, the Texas Medical Center expansion creates housing needs among healthcare professionals.
Throughout the year, Houston's housing supply experiences predictable seasonal variations. Typically, spring brings increased listing activity across most neighborhoods. Following this trend, summer sees family relocations before the school years begin. This cyclical pattern reflects Houston's appeal as a family-friendly metropolis. Throughout the city, popular areas offer distinct lifestyle advantages. For instance, The Heights neighborhood showcases historic charm minutes from downtown. Further west, the Energy Corridor provides convenient proximity to major employers. For families, homes in Katy features excellent schools within newer master-planned communities. Supporting these housing options, Houston's expanding infrastructure drives continued market growth. Recently, the Grand Parkway extension improved connectivity to developing suburban communities. Simultaneously, ongoing downtown revitalization attracts urban professionals seeking walkable neighborhoods. Further bolstering demand, the Texas Medical Center expansion creates housing needs among healthcare professionals.
# of Homes for Sale
0% year-over-year
All Home Types
1 year
3 year
5 year
Houston
Houston Housing Demand
Houston's real estate market is evolving toward greater balance. 13.2% of Houston homes sell above their list price. This percentage reflects a slight 0.9-point decrease from last year. Concurrently, price reductions have increased to 25.9% of all real estate listings in Houston, Texas. This adjustment represents a growth from 24.2% this time last year. Additionally, the sale-to-list price ratio has decreased slightly to 96.9%. This ratio shows a 0.24 percentage point decline year-over-year. Consequently, sellers now typically receive about 3.1% below their asking prices. This widening gap between ask and sale prices confirms normalizing conditions.
Collectively, these metrics reveal a market transitioning toward more balanced conditions. For home sellers, this transition necessitates careful strategic pricing decisions. The growing percentage of listings requiring price reductions demands seller attention. To avoid prolonged market exposure, accurate initial pricing becomes increasingly critical. From the buyer's perspective, expanding Houston homes for sale inventory creates advantageous shopping conditions. With more options across price points, buyers face less competition. This relaxed environment allows for methodical, thoughtful decision-making processes. Additionally, buyers can negotiate more effectively, particularly with houses listed beyond 58 days.
Collectively, these metrics reveal a market transitioning toward more balanced conditions. For home sellers, this transition necessitates careful strategic pricing decisions. The growing percentage of listings requiring price reductions demands seller attention. To avoid prolonged market exposure, accurate initial pricing becomes increasingly critical. From the buyer's perspective, expanding Houston homes for sale inventory creates advantageous shopping conditions. With more options across price points, buyers face less competition. This relaxed environment allows for methodical, thoughtful decision-making processes. Additionally, buyers can negotiate more effectively, particularly with houses listed beyond 58 days.
Homes Sold Above List Price
%0% year-over-year
All Home Types
1 year
3 year
5 year
Houston
Strong
Buyer
Buyer
Balanced
Seller
Strong
Seller
Buyer’s Market
Seller’s Market
Balanced: Neither buyers nor sellers dominate the market. Supply meets demand, prices stay stable, and both parties negotiate on an equal footing.
Houston Market: When to Buy or Sell?
Houston's housing market follows patterns distinct from coastal real estate markets. Rather than seasonal factors, economic cycles primarily drive local market fluctuations. Similar to the broader Texas housing market, Houston responds directly to energy industry performance. Currently, the 5.2 months of supply approaches widely recognized balanced conditions. For context, the US housing market considers 5 to 6 months as a balanced territory. At present, neither buyers nor sellers hold significant market advantages.
For sellers, stable Houston house prices indicate a plateauing market currently. The flat year-over-year price change suggests careful pricing strategies. Properties must stand out through condition and strategic pricing. Sellers should expect longer marketing periods than in previous years. For buyers, the expanding inventory provides more options than before. The increased months of supply improve negotiating positions significantly. First-time buyers find opportunities in many Houston neighborhoods now. The buyer's leverage increases on houses listed beyond 58 days. With supply approaching the balanced threshold, buyers enjoy less pressure. They can evaluate options thoroughly before making purchase decisions.
From Hot Trends to Hidden Gems—All in Your Pocket!
The Houzeo app brings the entire real estate journey to your fingertips. Browse, list, and close—anytime, anywhere.
Download the Houzeo Mobile App Now!
Check the Real Estate Trends in Your State
- Alabama Housing Market
- Alaska Housing Market
- Arizona Housing Market
- Arkansas Housing Market
- California Housing Market
- Colorado Housing Market
- Connecticut Housing Market
- Delaware Housing Market
- Florida Housing Market
- Georgia Housing Market
- Hawaii Housing Market
- Idaho Housing Market
- Illinois Housing Market
- Indiana Housing Market
- Iowa Housing Market
- Kansas Housing Market
- Kentucky Housing Market
- Louisiana Housing Market
- Maine Housing Market
- Maryland Housing Market
- Massachusetts Housing Market
- Michigan Housing Market
- Minnesota Housing Market
- Mississippi Housing Market
Show more
Frequently Asked Questions
How have Houston house prices changed over the past year?
Houston home prices have remained stable over the past year. The median home value now stands at $340,000. This represents no change from the previous year. Consider using our free home value estimator to assess your property's value.
What is the Houston real estate market forecast for 2025?
The Houston housing market will likely maintain stability throughout 2025. With 5.2 months of supply, we approach balanced market conditions. Energy sector performance will influence housing market trends significantly. Houston's economic diversity should prevent dramatic market fluctuations this year.
What's the average home price in Houston Texas?
Houston home prices vary widely across different neighborhoods and property types. The median home price currently stands at $340,000 city-wide. Condos in established neighborhoods might cost around $165,640. Luxury properties in River Oaks or Memorial can exceed $1 million. You can check homes for sale in Houston for current pricing and options.
Is this a good time to buy a house in Houston?
Current market conditions favor buyers more than in recent years. Houses for sale in Houston have increased 13% year-over-year, creating more choices citywide. The 5.2 months of supply approaches a balanced market. Stable prices provide opportunities without the pressure of rapid appreciation. You can check current housing market trends in Houston before making your decision.
How is the Houston Texas housing market right now?
Houston's housing market shows signs of stabilization and balance. Prices have remained flat year-over-year at a $340,000 median value. With 5.2 months of supply, neither buyers nor sellers dominate. The 13.2% of homes selling above the asking price indicates moderate competition. Increasing inventory in Houston provides more options for prospective buyers today.
When will the Houston housing market change direction?
The Houston real estate market appears to be stabilizing after previous growth cycles. With flat prices and 5.2 months of supply, the balance prevails. Major shifts would likely require significant economic or energy sector changes. Houston's diverse economy provides resilience against dramatic market swings currently.
How to buy a house in Houston Texas?
Start your Houston home purchase by securing mortgage pre-approval. This establishes your budget and strengthens your negotiating position. Search homes for sale in Houston to explore available properties. Consider flood zones and commute times when evaluating Houston properties. The current market allows for thoughtful decisions and negotiations.
How can I list my house for sale in Houston TX?
You can list your home for sale with a Flat Fee MLS Texas listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location. 🚀
What is the average mortgage rate for buyers in Houston?
Houston mortgage rates currently range between 6.38% and 6.96%. These rates align with national trends for most buyers. Your specific rate depends on your credit score and loan type. The average house price in Houston of $340,000 makes these rates manageable. Always compare rates from multiple lenders before committing to terms.
What is the cost of living in Houston Texas?
The cost of living in Houston, TX offers affordability compared to many cities. Overall costs run about 6% below the national average currently. Housing costs are approximately 17% below the national average at a $340,000 median. No state income tax provides additional financial advantages for residents. Energy costs can be higher due to summer cooling needs. Transportation expenses are high in this car-dependent metropolis.
Important Legal Disclosures