Is Humble, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Humble is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Humble is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Humble, TX

How much do homes in Humble, TX cost?

Median Sold Price

$304,865

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$4,977(+1.7%)

Key Takeaway

Homes in Humble have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Humble was $304,865 in November 2024, up 1.7% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $172.5K$220K
+27.5%
2 $194.5K$191.7K
-1.4%
3 $255K$259.9K
+2.0%
4 $330K$339K
+2.7%
5+ $443.5K$445K
0.3%

Summary: Humble housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.5%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 0.3%.

Median Sold Price Compared To Nearby Cities

Southeast Montgomery
+4.5%
Houston
+3.2%
Humble
+1.7%

Housing Supply in Humble, TX

How many homes are available in Humble, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
741799+7.8%

Summary: The Humble real estate market had 799 homes for sale in November 2024, a 7.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2221
-4.5%
3 284310
+9.2%
4 356383
+7.6%
5+ 7985
+7.6%

Summary: The Humble housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 7.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14393-35.0%

Asking Price vs. Sold Price

60 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Humble, you may be able to get a good deal. 64.5% of homes here sold below asking price last month.

Summary: A total of 93 homes were sold or pending in Humble in November 2024, down by 35.0% month-over-month. Of the 93 sold homes, 65% were sold under asking, 27% were sold at asking, and 9% 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

Nov 2023Nov 2024CHANGE
36 Days49 Days+36.4%

Summary: Homes in Humble had an average of 49 days on market in Nov 2024, up by 36.4% compared to last year.

Breakdown of Home Sale Times

42 Homes Were Sold
Under 30 Days

33 Homes Were Sold
In 30 - 90 Days

18 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 93 homes were sold in Humble; 45% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 19% 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 23 Days Ago

Newest Listings in Humble, TX

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