$7,273 Closing Credit*
$612,500
2,041 SqFt
4 Beds
•2 Full Baths
Guendis Castro De Melean, Listing Office: Realm Real Estate Professionals - Katy
Is Northwest Houston, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Northwest Houston was a Seller's Market.
Key Takeaway
Northwest Houston is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Northwest Houston, TX
How much do homes in Northwest Houston, TX cost?
Median Sold Price
$413,574
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,579(+3.4%)
Key Takeaway
Homes in Northwest Houston have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Northwest Houston was $413,574 in November 2024, up 3.4% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118K | $90K | -23.7% |
| 2 Bedrooms | $210K | $204K | -2.9% |
| 3 Bedrooms | $378.6K | $382.1K | +0.9% |
| 4 Bedrooms | $503.5K | $567.4K | +12.7% |
| 5+ Bedrooms | $1.2M | $1.1M | -11.4% |
Summary: Northwest Houston housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.7%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes decreased by 11.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Spring Branch North | $403.8K | $420K | +4.0% |
| Northwest Houston | $399.9K | $413.5K | +3.4% |
| Spring Branch West | $424K | $430K | +1.4% |
Housing Supply in Northwest Houston, TX
How many homes are available in Northwest Houston, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 553 | 587 | +6.1% |
Summary: The Northwest Houston real estate market had 587 homes for sale in November 2024, a 6.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 54 | 53 | -1.9% |
| 3 Bedrooms | 315 | 335 | +6.3% |
| 4 Bedrooms | 141 | 152 | +7.8% |
| 5+ Bedrooms | 37 | 42 | +13.5% |
Summary: The Northwest Houston housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 13.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 124 | 95 | -23.4% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwest Houston, you may be able to get a good deal. 66.3% of homes here sold below asking price last month.
Summary: A total of 95 homes were sold or pending in Northwest Houston in November 2024, down by 23.4% month-over-month. Of the 95 sold homes, 66% were sold under asking, 20% were sold at asking, and 14% were sold over asking.
Days on Market for Northwest Houston, TX
How long does it take to sell a home in Northwest Houston, TX?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 35 Days | +20.1% |
Summary: Homes in Northwest Houston had an average of 35 days on market in Nov 2024, up by 20.1% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northwest Houston are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 95 homes were sold in Northwest Houston; 53% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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