Houston TX Real Estate - Houston TX Homes For Sale | Zillow (2024)

FAQs

Are Houston house prices dropping? ›

The median price of a single-family home sold through the MLS was $345,500 in June, up $2,500 (0.7 percent) compared to last year but down $8,500 (2.4 percent) from June '23. Over the past 12 months, the median price of a single-family home has hovered between $320,000 and $345,000.

Texas is one of six states with the most severe shortages, with Houston ranking 5th for worst metropolitan areas in the country, according to the 2024 State of the Nation's Housing report.

Best Time to Sell Your House for Higher Price

April, May, and June are the best months to sell your house in Houston. The median sale price of houses in May 2023, was $346,000, which is expected to rise more in 2024. However, cities like Tiki Island and Galena Park follow an upward trend throughout the year.

Houston's median sale price is 21% lower than the national average. Overall cost of living in Houston is 6% lower than the national average. Learn which home features in Houston add value to a home. How much is your home worth?

Sale-to-list price ratio: 99.17% Homes in Houston, TX sold for approximately the asking price on average in June 2024. Houston, TX is a buyer's market in June 2024, which means that the supply of homes is greater than the demand for homes.

The months from March to June are the best time to buy a house in Texas. This is due to the higher inventory, increased competition among sellers, and potentially lower asking prices.

According to the report, the 10 cities with the worst shortages were Boston, Sacramento, Portland, San Diego, San Francisco, San Jose, Seattle, Minneapolis, Los Angeles, and Austin. Austin and Seattle, however, also ranked among the markets that saw the largest increase in housing supply in 2022.

Texas' affordable housing is attributed to a combination of abundant land availability and competitively lower land prices, fueled by vast undeveloped areas and reduced land costs.

The top 10 cities with the worst housing supply shortages were Austin, Boston, Minneapolis, Portland, Los Angeles, Sacramento, San Diego, San Francisco, San Jose and Seattle. Five of them are in California.

Here's how each month of the year ranked for the best time to sell a house. The highest-earning months are, in ranking order, May, June, April and March. Just over 18 million purchase transactions took place during this period, according to ATTOM.

How much is the average house in Houston? ›

$272,144. The average Houston, TX home value is $272,144, up 2.1% over the past year and goes to pending in around 19 days.

It depends on what your goal is. To get the best price possible, you should sell through a good local estate agent. To get the fastest sale possible, you should sell to a cash house buying company. For a good balance of speed and price, you should sell by auction (especially if your property has some issues).

Studies have shown that overcrowding has a negative impact on physical and mental health, and that it can impede early childhood growth, development and education. Overall, 6% of occupied housing units in Houston's three-county area are considered overcrowded in 2021, compared to 5% statewide and 3% nationally.

Study says majority of homes sold in Texas are now going for below asking price. It isn't a buyer or seller's market technically, but buyers are now seeing more inventory. SAN ANTONIO — Inflated home prices and interest rates after the coronavirus pandemic forced many buyers out of the housing market.

Prices have relaxed in Texas and gone down slightly in many cities, but you should expect prices to go up some in 2024. Currently, the market has about 3.7 months of home inventory. That number needs to hit 6–6.5 months just for the market to be balanced.

“It is probably one of the best places to invest,” Broughton said. “Home prices are low compared to the rest of the country and the need for rental property is high.” That makes real estate investing in Houston an attractive prospect.

The State of Texas does not have an income tax, leading to a beneficial low business taxation system that leads to fewer taxes for its citizens. As a result, they are able to spend the extra money on owning or investing in real estate due to more affordable housing costs.