Is Humble, 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, Humble has remained a Seller's Market.
Key Takeaway
Humble is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Humble, TX
How much do homes in Humble, TX cost?
Median Sold Price
$299,979
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Humble have sold for 1% more than they did a year ago.
Summary: The median home sold price in Humble was $299,979 in May 2024, up 1% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $172.5K | -13.8% |
| 2 Bedrooms | $183K | $177.5K | -3.0% |
| 3 Bedrooms | $250K | $255.1K | +2.0% |
| 4 Bedrooms | $327K | $335K | +2.4% |
| 5+ Bedrooms | $439.9K | $450K | +2.3% |
Summary: Humble housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.8%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Cities
| Humble | $296.8K | $299.9K | +1.0% |
| Houston | $317.1K | $315.2K | -0.6% |
| Southeast Montgomery | $364.8K | $355.2K | -2.6% |
Housing Supply in Humble, TX
How many homes are available in Humble, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 761 | 877 | +15.2% |
Summary: The Humble real estate market had 877 homes for sale in May 2024, a 15.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 18 | 19 | +5.6% |
| 3 Bedrooms | 321 | 362 | +12.8% |
| 4 Bedrooms | 339 | 400 | +18.0% |
| 5+ Bedrooms | 83 | 96 | +15.7% |
Summary: The Humble housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 18%, and 5+ bedroom homes increased by 15.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 149 | 165 | +10.7% |
Asking Price vs. Sold Price
95 Homes Were Sold
Under Asking
45 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Humble, you may be able to get a good deal. 57.6% of homes here sold below asking price last month.
Summary: A total of 165 homes were sold or pending in Humble in May 2024, up by 10.7% month-over-month. Of the 165 sold homes, 58% were sold under asking, 27% were sold at asking, and 15% were sold over asking.
Days on Market for Humble, TX
How long does it take to sell a home in Humble, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 40 Days | -12.8% |
Summary: Homes in Humble had an average of 40 days on market in May 2024, down by 12.8% compared to last year.
Breakdown of Home Sale Times
101 Homes Were Sold
Under 30 Days
47 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Humble are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 165 homes were sold in Humble; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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