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 November 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

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$1,428(+0.6%)

Key Takeaway

Homes in Northeast Houston have sold for 0.6% more than they did a year ago.

Summary: The median home sold price in Northeast Houston was $225,000 in November 2024, up 0.6% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $145K$122K
-15.9%
2 $140K$150K
+7.1%
3 $229.9K$235K
+2.2%
4 $229K$230K
0.4%
5+ $273.9K$250K
-8.7%

Summary: Northeast Houston housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.9%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 8.7%.

Median Sold Price Compared To Nearby Neighborhoods

Pleasantville Area
+1.3%
Northeast Houston
+0.6%
Settegast
-7.2%

Housing Supply in Northeast Houston, TX

How many homes are available in Northeast Houston, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
675763+13.0%

Summary: The Northeast Houston real estate market had 763 homes for sale in November 2024, a 13.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 67
+16.7%
2 112122
+8.9%
3 439503
+14.6%
4 9099
+10.0%
5+ 2832
+14.3%

Summary: The Northeast Houston housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
8472-14.3%

Asking Price vs. Sold Price

41 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

10 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. 56.9% of homes here sold below asking price last month.

Summary: A total of 72 homes were sold or pending in Northeast Houston in November 2024, down by 14.3% month-over-month. Of the 72 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% 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

Nov 2023Nov 2024CHANGE
37 Days42 Days+12.5%

Summary: Homes in Northeast Houston had an average of 42 days on market in Nov 2024, up by 12.5% compared to last year.

Breakdown of Home Sale Times

39 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

12 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 November 2024, 72 homes were sold in Northeast Houston; 54% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 17% 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 22 Days Ago

Newest Listings in Northeast Houston, TX

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