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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northwest Harris is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Northwest Harris has remained a Seller's Market.

Key Takeaway

Northwest Harris is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Northwest Harris, TX

How much do homes in Northwest Harris, TX cost?

Median Sold Price

$347,597

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,736(+5.1%)

Key Takeaway

Homes in Northwest Harris have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Northwest Harris was $347,597 in October 2024, up 5.1% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $125K$127K
+1.6%
2 $189.5K$200K
+5.5%
3 $275K$285.1K
+3.7%
4 $370.1K$385K
+4.0%
5+ $532.4K$534.9K
0.5%

Summary: Northwest Harris housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 0.5%.

Median Sold Price Compared To Nearby Cities

Hockley
+7.0%
Spring
+6.3%
Northwest Harris
+5.1%
Tomball
+2.0%
Pinehurst
-2.5%

Housing Supply in Northwest Harris, TX

How many homes are available in Northwest Harris, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3,9684,421+11.4%

Summary: The Northwest Harris real estate market had 4,421 homes for sale in October 2024, a 11.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1517
+13.3%
2 101112
+10.9%
3 1,4021,504
+7.3%
4 1,8902,121
+12.2%
5+ 560667
+19.1%

Summary: The Northwest Harris housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 19.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
815756-7.2%

Asking Price vs. Sold Price

481 Homes Were Sold
Under Asking

167 Homes Were Sold
At Asking

105 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northwest Harris, you may be able to get a good deal. 63.9% of homes here sold below asking price last month.

Summary: A total of 756 homes were sold or pending in Northwest Harris in October 2024, down by 7.2% month-over-month. Of the 753 sold homes, 64% were sold under asking, 22% were sold at asking, and 14% were sold over asking.

Days on Market for Northwest Harris, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days42 Days+33.3%

Summary: Homes in Northwest Harris had an average of 42 days on market in Oct 2024, up by 33.3% compared to last year.

Breakdown of Home Sale Times

402 Homes Were Sold
Under 30 Days

261 Homes Were Sold
In 30 - 90 Days

90 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 756 homes were sold in Northwest Harris; 53% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 12% 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 16 Days Ago

Newest Listings in Northwest Harris, TX

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