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Market Update

All Houston

Q2 2023

Residential Property Snapshot

Single Family Homes | Q2 2023
Med. Sales Price
$345k
0% change from
Q2 2022
Avg. Days On Market
37
48% more than in
Q2 2022
Closed Sales
6,034
21% fewer than in
Q2 2022
Inventory
5,188
3% fewer than in
Q2 2022

Sales Price vs. Closed Sales

Single Family Homes

     |  Q2 Last 5 Years
    Closed
    New
    Inventory

    Closed Sales by Price

    Single Family Homes

       |  Q2 2023

      Median Sales Price vs. Average Days on Market

      Single Family Homes

         |  Q2 Last 5 Years
        By Year
        By Price

        Market Data by Year

        Single Family Homes

           |  Q2 2023

          Rotate your device to view as table
          '22 - '23
          Inventory
          Inventory represents the number of active properties on the market at the end of the quarter
          -3%
          New Listings
          New Listings represents the number of properties listed during the quarter.
          -16%
          Months Supply of Inventory
          Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
          23%
          Closed Sales
          -21%
          Average Days On Market
          Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
          48%

          43 Communities

          Communities

          Atascocita Area

          Median
          $351k
          DOM
          49
          Sales
          426
          Inv
          341

          Bellaire

          Median
          $1.08m
          DOM
          24
          Sales
          61
          Inv
          37

          Braeswood Place

          Median
          $1.28m
          DOM
          31
          Sales
          31
          Inv
          37

          Briargrove Park

          Median
          $730k
          DOM
          15
          Sales
          21
          Inv
          7

          Central Area

          Median
          $750k
          DOM
          46
          Sales
          105
          Inv
          110

          Clear Lake

          Median
          $348k
          DOM
          31
          Sales
          290
          Inv
          176

          Cypress

          Median
          $420k
          DOM
          42
          Sales
          1,025
          Inv
          805

          East End Revitalized

          Median
          $355k
          DOM
          33
          Sales
          100
          Inv
          150

          Energy Corridor

          Median
          $440k
          DOM
          33
          Sales
          151
          Inv
          78

          Friendswood

          Median
          $497k
          DOM
          29
          Sales
          196
          Inv
          108

          Galleria Area

          Median
          $750k
          DOM
          29
          Sales
          117
          Inv
          130

          Greater Heights Area

          Median
          $695k
          DOM
          27
          Sales
          297
          Inv
          240

          Hockley

          Median
          $304k
          DOM
          43
          Sales
          260
          Inv
          173

          Katy Area

          Median
          $480k
          DOM
          30
          Sales
          896
          Inv
          463

          Kingwood

          Median
          $347k
          DOM
          30
          Sales
          416
          Inv
          210

          Lake Conroe

          Median
          $345k
          DOM
          62
          Sales
          681
          Inv
          897

          League City

          Median
          $380k
          DOM
          34
          Sales
          413
          Inv
          293

          Magnolia Area

          Median
          $344k
          DOM
          60
          Sales
          537
          Inv
          565

          Medical Center Area

          Median
          $396k
          DOM
          44
          Sales
          33
          Inv
          18

          Memorial Close-In

          Median
          $1.8m
          DOM
          56
          Sales
          13
          Inv
          13

          Memorial Park

          Median
          $1.85m
          DOM
          64
          Sales
          8
          Inv
          11

          Memorial Villages

          Median
          $1.69m
          DOM
          41
          Sales
          64
          Inv
          71

          Memorial West

          Median
          $1.02m
          DOM
          24
          Sales
          131
          Inv
          86

          Meyerland

          Median
          $452k
          DOM
          37
          Sales
          65
          Inv
          51

          Museum District Area

          Median
          $994k
          DOM
          34
          Sales
          68
          Inv
          62

          New Caney

          Median
          $284k
          DOM
          46
          Sales
          301
          Inv
          215

          Oak Forest

          Median
          $502k
          DOM
          31
          Sales
          174
          Inv
          122

          Pearland

          Median
          $376k
          DOM
          27
          Sales
          386
          Inv
          179

          Porter

          Median
          $308k
          DOM
          47
          Sales
          264
          Inv
          233

          River Oaks Area

          Median
          $1.57m
          DOM
          37
          Sales
          57
          Inv
          72

          River Oaks Proper

          Median
          $2.83m
          DOM
          41
          Sales
          16
          Inv
          36

          Shepherd Park Plaza

          Median
          $804k
          DOM
          63
          Sales
          6
          Inv
          2

          Southside

          Median
          $3.2m
          DOM
          51
          Sales
          5
          Inv
          5

          Spring Area

          Median
          $365k
          DOM
          42
          Sales
          1,013
          Inv
          766

          Spring Branch

          Median
          $445k
          DOM
          47
          Sales
          384
          Inv
          317

          Tanglewood Area

          Median
          $2.1m
          DOM
          40
          Sales
          30
          Inv
          33

          Tanglewood Proper

          Median
          $2.55m
          DOM
          53
          Sales
          21
          Inv
          16

          The Woodlands

          Median
          $562k
          DOM
          21
          Sales
          490
          Inv
          191

          Tomball

          Median
          $373k
          DOM
          66
          Sales
          218
          Inv
          256

          Walnut Bend

          Median
          $599k
          DOM
          21
          Sales
          15
          Inv
          12

          Washington Corridor

          Median
          $510k
          DOM
          53
          Sales
          28
          Inv
          32

          West University

          Median
          $1.7m
          DOM
          40
          Sales
          9
          Inv
          12

          Willow Meadows

          Median
          $357k
          DOM
          26
          Sales
          42
          Inv
          22

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          Data provided by Houston Association of REALTORS. All information is deemed reliable but not guaranteed. Data is based on the closed date as of Jun 30, 2023 end of day. This report was last updated Jul 20, 2023.

          © 2023 Sotheby’s International Realty. All Rights Reserved. Sotheby’s International Realty® is a registered trademark. Each Sotheby’s International Realty office is independently owned and operated, except those operated by Sotheby’s International Realty, Inc. This material is based upon information which we consider reliable but because it has been supplied by third parties, we cannot represent that it is accurate or complete and it should not be relied upon as such. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Equal Housing Opportunity.