Is North Houston, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Houston is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in North Houston, TX

How much do homes in North Houston, TX cost?

Median Sold Price

$339,820

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$89(0%)

Key Takeaway

The sold price of homes in North Houston has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $125K$115K
-8.0%
2 $167.7K$189.9K
+13.2%
3 $338.9K$332.8K
-1.8%
4 $399.9K$442.9K
+10.7%
5+ $1.0M$1.0M
+3.7%

Summary: North Houston housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8%, 2 bedroom homes increased by 13.2%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 3.7%.

Median Sold Price Compared To Nearby Neighborhoods

Greater Inwood
+2.9%
North Houston
0%
Northside / Northline
-1.0%
Acres Home
-3.5%

Housing Supply in North Houston, TX

How many homes are available in North Houston, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9611,076+12.0%

Summary: The North Houston real estate market had 1,076 homes for sale in November 2024, a 12.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1014
+40.0%
2 125130
+4.0%
3 600684
+14.0%
4 173198
+14.5%
5+ 5350
-5.7%

Summary: The North Houston housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes decreased by 5.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
167114-31.7%

Asking Price vs. Sold Price

66 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Houston, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.

Summary: A total of 114 homes were sold or pending in North Houston in November 2024, down by 31.7% month-over-month. Of the 114 sold homes, 58% were sold under asking, 24% were sold at asking, and 18% were sold over asking.

Days on Market for North Houston, TX

How long does it take to sell a home in North Houston, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
36 Days42 Days+17.2%

Summary: Homes in North Houston had an average of 42 days on market in Nov 2024, up by 17.2% compared to last year.

Breakdown of Home Sale Times

60 Homes Were Sold
Under 30 Days

42 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 114 homes were sold in North Houston; 53% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 11% 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 21 Days Ago

Newest Listings in North Houston, TX

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