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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northeast Houston is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Northeast Houston, TX

How much do homes in Northeast Houston, TX cost?

Median Sold Price

$225,000

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,054(+4.7%)

Key Takeaway

Homes in Northeast Houston have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Northeast Houston was $225,000 in October 2024, up 4.7% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $145K$122K
-15.9%
2 $140K$149.1K
+6.6%
3 $221.6K$233.3K
+5.3%
4 $225K$228K
+1.3%
5+ $282.4K$240K
-15.0%

Summary: Northeast Houston housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.9%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 15%.

Median Sold Price Compared To Nearby Neighborhoods

Northeast Houston
+4.7%
Pleasantville Area
+2.5%
Settegast
-6.3%

Housing Supply in Northeast Houston, TX

How many homes are available in Northeast Houston, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
646772+19.5%

Summary: The Northeast Houston real estate market had 772 homes for sale in October 2024, a 19.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 77
0.0%
2 111126
+13.5%
3 400498
+24.5%
4 96107
+11.5%
5+ 3234
+6.3%

Summary: The Northeast Houston housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 24.5%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 6.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
10575-28.6%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northeast Houston, you may be able to get a good deal. 48% of homes here sold below asking price last month.

Summary: A total of 75 homes were sold or pending in Northeast Houston in October 2024, down by 28.6% month-over-month. Of the 75 sold homes, 48% were sold under asking, 33% were sold at asking, and 19% were sold over asking.

Days on Market for Northeast Houston, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
38 Days36 Days-4.4%

Summary: Homes in Northeast Houston had an average of 36 days on market in Oct 2024, down by 4.4% compared to last year.

Breakdown of Home Sale Times

41 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 75 homes were sold in Northeast Houston; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% 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 Northeast Houston, TX

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