Is North Houston, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, North Houston has remained a Seller's Market.
Housing Prices in North Houston, TX
How much do homes in North Houston, TX cost?
Median Sold Price
$349,515
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Houston was $349,515 in May 2024, up 5.9% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $84.9K | $120K | +41.3% |
2 Bedrooms | $160K | $178.8K | +11.8% |
3 Bedrooms | $326.8K | $341.1K | +4.4% |
4 Bedrooms | $379.4K | $469K | +23.6% |
5+ Bedrooms | $880K | $1.1M | +33.1% |
Summary: North Houston housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.3%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 23.6%, and 5+ bedroom homes increased by 33.1%.
Median Sold Price Compared To Nearby Neighborhoods
Hidden Valley | $223.5K | $237K | +6.0% |
North Houston | $329.9K | $349.5K | +5.9% |
Acres Home | $310.5K | $312.5K | +0.6% |
Northside / Northline | $235K | $235K | 0.0% |
Greater Inwood | $225.6K | $219K | -3.0% |
Housing Supply in North Houston, TX
How many homes are available in North Houston, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
965 | 1,138 | +17.9% |
Summary: The North Houston real estate market had 1,138 homes for sale in May 2024, a 17.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 12 | +9.1% |
2 Bedrooms | 108 | 127 | +17.6% |
3 Bedrooms | 618 | 728 | +17.8% |
4 Bedrooms | 169 | 198 | +17.2% |
5+ Bedrooms | 59 | 73 | +23.7% |
Summary: The North Houston housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 23.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
160 | 190 | +18.8% |
Asking Price vs. Sold Price
100 Homes Were Sold
Under Asking
56 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 190 homes were sold or pending in North Houston in May 2024, up by 18.8% month-over-month. Of the 190 sold homes, 53% were sold under asking, 29% were sold at asking, and 18% were sold over asking.
Days on Market for North Houston, TX
How long does it take to sell a home in North Houston, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 39 Days | +19.3% |
Summary: Homes in North Houston had an average of 39 days on market in May 2024, up by 19.3% compared to last year.
Breakdown of Home Sale Times
107 Homes Were Sold
Under 30 Days
59 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Summary: During May 2024, 190 homes were sold in North Houston; 56% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.