Houston housing market

HOUSTON — (March 12, 2025) HAR Report— The Greater Houston housing market cooled in February, with sales moderating as more homes were listed for sale. Economic conditions, including elevated mortgage rates and inflation concerns, are impacting buyer sentiment and contributing to this move toward a more balanced market.

 

According to the Houston Association of Realtors’ February 2025 Housing Market Update, single-family home sales across the Greater Houston area declined 3.0 percent year-over-year, with 6,050 units sold compared to 6,234 last February. It marks the first decline in sales since August 2024. The number of available homes in the Houston area hit the highest level since 2011, with 31,112 active listings in February.

 

The median home price declined 1.2 percent to $325,000, which is the first notable decline since November 2023. The average price increased slightly to $407,538. This was largely due to continued activity at the high end of the market, which is less susceptible to interest rate changes.

 

Houston housing market Highlights

Houston Real Estate Highlights in January-HAR Report

  • Single-family home sales increased 1.2 percent year-over-year;

  • Days on Market (DOM) for single-family homes went from 59 to 61 days;

  • Total property sales were up 1.3 percent with 6,173 units sold;

  • Total dollar volume rose 8.9 percent to $2.5 billion;

  • The single-family median price was up 1.6 percent to $325,000;

  • The single-family average price climbed 4.4 percent to $406,492; 

  • Single-family home months of inventory registered a 4.3-months supply, up from 3.2 months last January.

  • Townhome/condominium sales increased 6.8 percent year-over-year. The median price declined 4.1 percent to $211,000, and the average price was statistically unchanged at $248,241.

Houston housing market

HAR Report: Days on Market, or the actual time it took to sell a home, increased from 59 to 61. Months of inventory expanded to a 4.3-months supply from 3.2-months the prior year. The current national supply stands at 3.3 months, as reported by the National Association of Realtors (NAR). 

 

Broken out by housing segment, January sales performed as follows:

  • $1 - $99,999: decreased 4.1 percent

  • $100,000 - $149,999: decreased 10.4 percent

  • $150,000 - $249,999: increased 3.0 percent

  • $250,000 - $499,999: decreased 1.6 percent

  • $500,000 - $999,999: increased 8.1 percent

  • $1M and above: increased 20.7 percent

HAR also breaks out sales figures for existing single-family homes. In January, existing home sales totaled 3,493, up 2.5 percent compared to the same time in 2024. The average price rose 7.6 percent to $415,004, and the median sales price increased 4.5 percent to $323,000.

Single family home for sale/rent in Houston

Single-Family Homes Update-HAR Report

 

January marked the fifth month in a row where single-family home sales were in positive territory with sales increasing 1.2 percent year-over-year. A total of 5,064 units were sold across the Greater Houston area compared to 5,002 during the same time last year. The average price rose 4.4 percent to $406,492 while the median price edged up by 1.6 percent to $325,000. The price per square foot increased to $174 from $169 in January 2024.

Houston housing market Comparison

January Monthly Market Comparison-HAR Report

 

The Houston housing market’s positive momentum continued in January, with total property sales increasing 1.3 percent year-over-year. Total dollar volume rose 8.9 percent to $2.5 billion. Active listings, or the total number of available properties, were 26.3 percent above the 2024 level.

Houston housing market

HAR Report: The rental market started the new year strong with increased demand. HAR will publish its January 2025 Rental Home Update on Wednesday, February 19.

 

“We're seeing a healthy balance in the Houston housing market as we head into the traditionally busy spring and summer months,” said HAR Chair Shae Cottar with LPT Realty. “Inventory is in a good place to handle the expected uptick in buyer demand. Interest rates will remain a factor, but the market fundamentals are strong.”

 

Houston housing market

HOUSTON — (February 12, 2025) HAR Report— Houston's resilient housing market weathered a rare winter storm in January. While the record snowfall caused temporary disruptions, the market quickly rebounded and maintained a healthy balance between supply and demand. 

 

According to the Houston Association of Realtors’ (HAR’s) January 2025 Housing Market Update, single-family home sales across the Greater Houston area rose 1.2 percent, with 5,064 units sold compared to 5,002 in January 2024. This marks the fifth consecutive month of sales growth, a trend last observed in the first half of 2021.

 

The high end of the market continued to experience a wave of buyer interest. The luxury segment ($1 million+) recorded a 20.7 percent increase in sales compared to last January. Next was the $500,000 to $999,999 segment which saw an 8.1 percent gain. Homes priced between $250,000 and $499,999 made up the most sales in January, but sales were 1.6 percent below last year’s level. The segment comprised of homes priced $149,99 and below also experienced a slowdown in sales activity.

Houston housing market Highlights

Houston Real Estate Highlights for December and Full-Year 2024-HAR Report

  • Following two consecutive years of declines, single-family home sales rebounded in 2024 with 85,163 single-family homes sold compared to 84,038 in 2023 – an increase of 1.3 percent; 

  • Total property sales for full-year 2024 were statistically flat at 101,864 units while the total dollar volume increased 3.1 percent to $41 billion;

  • December single-family home sales climbed 16.3 percent year-over-year with 7,162 units sold;

  • Total December property sales increased 13.6 percent to 8,478 units;

  • Total dollar volume for December rose 20.5 percent to $3.5 billion;

  • The single-family home median price edged up by 1.3 percent to $334,290 while the average price increased 5.0 percent to $425,150;

  • Single-family homes months of inventory expanded to a 4.0-months supply;

  • The townhome/condominium market experienced declining sales throughout 2024, and in December, volume declined 5.8 percent, with the average price up 2.5 percent to $268,152 and the median price statistically flat at $234,250;

  • Townhome/condominium inventory improved from a 3.5-months supply to 5.4 months.

Townhouse/condominium for sale/rent in Houston

Townhouse/Condominium Update-HAR Report

 

Townhome and condominium sales declined throughout most of 2024, with the exception of October, which saw positive sales activity. December volume was down 5.8 percent with 389 units sold versus 413 a year earlier. The average price rose 2.5 percent in December to $268,152 and the median price was statistically flat at $234,250. Inventory improved from a 3.5-months supply to 5.4 months.