Is Southeast Houston, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Southeast Houston was a Seller's Market.
Housing Prices in Southeast Houston, TX
How much do homes in Southeast Houston, TX cost?
Median Sold Price
$228,562
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Southeast Houston was $228,562 in May 2024, up 0.7% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $360K | $125K | -65.3% |
2 Bedrooms | $150K | $128K | -14.7% |
3 Bedrooms | $232K | $229.9K | -0.9% |
4 Bedrooms | $259.9K | $250K | -3.8% |
5+ Bedrooms | $287K | $340K | +18.5% |
Summary: Southeast Houston housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 65.3%, 2 bedroom homes decreased by 14.7%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 18.5%.
Median Sold Price Compared To Nearby Neighborhoods
Sunnyside | $212K | $245.1K | +15.6% |
Minnetex | $255K | $262.9K | +3.1% |
South Acres / Crestmont Park | $220K | $225K | +2.3% |
Southeast Houston | $226.8K | $228.5K | +0.7% |
South Park | $180K | $170K | -5.6% |
Housing Supply in Southeast Houston, TX
How many homes are available in Southeast Houston, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
643 | 759 | +18.0% |
Summary: The Southeast Houston real estate market had 759 homes for sale in May 2024, a 18.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 59 | 67 | +13.6% |
3 Bedrooms | 423 | 515 | +21.7% |
4 Bedrooms | 138 | 155 | +12.3% |
5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The Southeast Houston housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
105 | 109 | +3.8% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 109 homes were sold or pending in Southeast Houston in May 2024, up by 3.8% month-over-month. Of the 108 sold homes, 58% were sold under asking, 27% were sold at asking, and 15% were sold over asking.
Days on Market for Southeast Houston, TX
How long does it take to sell a home in Southeast Houston, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
42 Days | 34 Days | -18.3% |
Summary: Homes in Southeast Houston had an average of 34 days on market in May 2024, down by 18.3% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During May 2024, 109 homes were sold in Southeast Houston; 63% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.