Is Harris County, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harris County is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Harris County was a Seller's Market.

Key Takeaway

Harris County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Harris County, TX

How much do homes in Harris County, TX cost?

Median Sold Price

$324,927

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,088(+3.2%)

Key Takeaway

Homes in Harris County have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in Harris County was $324,927 in October 2024, up 3.2% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $136.2K$130.2K
-4.4%
2 $208.3K$211.2K
+1.4%
3 $280.1K$289.9K
+3.5%
4 $359.9K$374K
+3.9%
5+ $544.8K$556.6K
+2.2%

Summary: Harris County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 2.2%.

Median Sold Price Compared To Nearby Counties

Harris County
+3.2%
Liberty County
+3.1%
Waller County
+3.0%
Montgomery County
+1.0%
Galveston County
0%

Housing Supply in Harris County, TX

How many homes are available in Harris County, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
17,81220,652+15.9%

Summary: The Harris County real estate market had 20,652 homes for sale in October 2024, a 15.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 489598
+22.3%
2 1,8902,252
+19.2%
3 7,8169,106
+16.5%
4 5,9706,770
+13.4%
5+ 1,6471,926
+16.9%

Summary: The Harris County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.3%, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 16.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3,2903,213-2.3%

Asking Price vs. Sold Price

2,007 Homes Were Sold
Under Asking

714 Homes Were Sold
At Asking

488 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harris County, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 3,213 homes were sold or pending in Harris County in October 2024, down by 2.3% month-over-month. Of the 3,209 sold homes, 63% were sold under asking, 22% were sold at asking, and 15% were sold over asking.

Days on Market for Harris County, TX

How long does it take to sell a home in Harris County, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days41 Days+19.8%

Summary: Homes in Harris County had an average of 41 days on market in Oct 2024, up by 19.8% compared to last year.

Breakdown of Home Sale Times

1,758 Homes Were Sold
Under 30 Days

1,030 Homes Were Sold
In 30 - 90 Days

421 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Harris County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3213 homes were sold in Harris County; 55% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Harris County, TX

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