Houston housing market Highlights

Houston Real Estate Highlights in March-HAR Report

  • Single-family home sales increased 2.6 percent year-over-year;

  • Days on Market (DOM) for single-family homes went from 55 to 62 days;

  • Total property sales were statistically flat with 8,753 units sold;

  • Total dollar volume increased 5.1% to $3.6 billion;

  • The single-family median price increased 1.5 percent to $335,000;

  • The single-family average price rose 3.7 percent to $427,221;

  • Single-family home months of inventory registered a 4.6-months supply, up from 3.4 months last March.

  • Townhome/condominium sales declined 21.9 percent year-over-year. The median price declined 4.0 percent to $225,500, and the average price was down 1.5 percent to $272,144.

Houston housing market

HAR Report: The market continued to see a sustained increase in inventory. There were 32,866 active listings of single-family homes in March, which is up 36.4 percent year-over-year. It is the highest volume of active listings since June 2011 when there were 32,970 units.

 

Days on Market, or the actual time it took to sell a home, climbed from 55 to 62 days. Months of inventory reached a 12-year high, with the months’ supply increase from 3.4 last year to 4.6 months. The National Association of Realtors reports a national inventory level of 3.5 months.

 

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

  • $1 - $99,999: decreased 14.0 percent

  • $100,000 - $149,999: increased 3.0 percent

  • $150,000 - $249,999: increased 0.6 percent

  • $250,000 - $499,999: decreased 0.4 percent

  • $500,000 - $999,999: increased 3.6 percent

  • $1M and above: increased 26.9 percent

HAR also breaks out sales figures for existing single-family homes. In March, existing home sales edged up by 0.7 percent to 4,940 units. The average price rose 6.1 percent to $440,329, and the median sales price increased 3.6 percent to $335,000.

Houston housing market

HAR Report: The luxury segment ($1 million+) had the strongest performance with a 26.9 percent increase in transactions compared to the same time last year. The segment with homes priced up to $100,000, which makes up 1.0 percent of the market, saw a 14.0 percent decline in transactions. All other housing segments experienced an increase in sales in March.

 

“Lower mortgage rates are giving Houston homebuyers a sense of optimism, but many are still proceeding with caution,” said HAR Chair Shae Cottar with LPT Realty. “It’s important to acknowledge that current economic headwinds, including the impact of new tariffs, are putting downward pressure on interest rates. These lower rates, coupled with growing inventory and moderating home prices, create an opportunity for both buyers and sellers. Your Realtor is your trusted advisor and will help you navigate the housing market.”

 

HAR will publish its March 2025 Rental Home Update on Wednesday, April 16.

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.