Houston housing market

HOUSTON — (April 8, 2026) HAR Report — As the spring housing market begins to bloom, the Greater Houston area is showing signs of balance and stability despite ongoing economic uncertainty.

 

According to the Houston Association of Realtors' March 2026 Housing Market Update, single-family home sales rose 3.7% year over year, with 7,644 homes sold compared to 7,369 last year. Pending sales were up 12.8%, a sign of continued buyer demand as the spring homebuying season gets underway.

 

Home prices eased slightly in March. The average home price declined 1.2% to $420,510, while the median price edged down 1.5% to $330,000. At the same time, homes spent a little more time on the market, with Days on Market increasing to 67 days compared to 62 days a year ago.

 

Most housing segments posted year-over-year gains in March. However, after several months of strong performance, the luxury segment saw a 4.5% decline in sales.

Houston Real Estate Highlights

Houston Real Estate Highlights in February-HAR Report

  • Single-family home sales declined 2.2% year-over-year.

  • Days on Market (DOM) for single-family homes went from 60 to 69 days.

  • The single-family median price declined 0.9% to $322,078.

  • The single-family average price rose 2.0% to $415,091.

  • Single-family home months of inventory expanded to a 4.8-months supply, up from 4.3 months a year ago.

  • Townhome and condominium sales were down 7.4% with 299 units sold. The median price declined 3.4% to $240,500, and the average price was down 3.5% to $276,835.

  • Total property sales declined 3.3% with 7,024 units sold.

  • Total dollar volume was down 1.7% to $2.8 billion.

Single family homes for sale/rent in Houston

HAR Report: The median price declined 0.9% to $322,078, while the average price increased 2.0% to $415,091. The average price per square foot was down slightly to $170, the lowest level since January 2024, when it was $169.

 

Active listings of single-family homes rose 15.2% from a year earlier to 35,128 available properties. Housing supply grew to 4.8 months of inventory, up from 4.3 months last February. The National Association of Realtors reports a national average of 3.7 months.

 

Broken out by housing segments, single-family home sales performed as follows:

  • $1 - $99,999: increased 36.6% (97 transactions)

  • $100,000 - $149,999: increased 23.6% (183 transactions)

  • $150,000 - $249,999: increased 12.2% (1,263 transactions)

  • $250,000 - $499,999: decreased 9.9% (3,192 transactions)

  • $500,000 - $999,999: statistically flat (938 transactions)

  • $1M and above: increased 9.5% (241 transactions)

HAR also breaks out sales figures for existing single-family homes. In February, sales rose 5.0% year-over-year, with 4,019 closings compared to 3,826 a year ago. The average price edged up by 0.6% to $421,772, while the median price declined 1.5% to $320,000.

 

HAR will publish its February 2026 Rental Market Update on Wednesday, March 18.

Single family home for sale/rent in Houston

HAR Report: While the U.S. housing sales market struggles to return to pre-pandemic levels, the number of single-family sales in Houston has returned to normal. U.S. existing home sales have plunged 24.8% for the 12 months ending January 2026 compared to January 2020. Home sales, however, are back to pre-pandemic levels in the 12 months ending February 2026.

 

“If you are waiting for the Houston housing market to bottom, it already did several years ago and is back to normal levels,” said HAR Chief Economist Dr. Ted C. Jones.

Houston housing market

Housing Market Overview-HAR Report

 

Sales of all property types across the Greater Houston area declined 3.3% year over year in February, with 7,024 properties sold. Total dollar volume was $2.8 billion, which is 1.7% below last year’s level.

 

The number of active listings of all properties rose 14.3%, with 55,710 available properties.

Houston housing market

HAR Report: Sales slowed in the $250,000 to $499,999 price range, which accounted for more than half of all homes sold in February. All other price segments posted sales growth.

 

“The Houston market continues to show signs of balance,” said HAR Chair Theresa Hill with Compass RE Texas, LLC - Houston. “Buyer interest remains strong, and the increase in showings and pending sales tells us the spring market is already beginning to take shape.”

 

Houston housing market

HAR Report: Sales slowed in the $250,000 to $499,999 price range, which accounted for more than half of all homes sold in February. All other price segments posted sales growth.

 

“The Houston market continues to show signs of balance,” said HAR Chair Theresa Hill with Compass RE Texas, LLC - Houston. “Buyer interest remains strong, and the increase in showings and pending sales tells us the spring market is already beginning to take shape.”

Houston housing market

HAR Report: Home prices hit their lowest level in two years. The average home price rose 2.0% to $415,091, while the median price declined 0.9% to $322,078. At the same time, 30-year residential mortgage rates fell to the lowest level in more than 40 months, with the two combining for lower year-over-year mortgage payments in 16 of the past 19 months, resulting in improved affordability. Compared to a year ago, Houston single-family homebuyers in February 2026 had a monthly principal and interest payment that was $149 less than February 2025 – an annual savings of $1,786 assuming a 20% down payment on the median-priced home.

 

Homes also spent more time on the market. The average Days on Market reached 69 days, which is the highest level since March 2013 when it was 74 days.