$6,472 Closing Credit*
$545,000
2,108 SqFt
3 Beds
•2 Full Baths, 1 Partial
Adrienne Oliver, Listing Office: RE/MAX Fine Properties
Is Northwest Houston, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Northwest Houston has remained a Seller's Market.
Key Takeaway
Northwest Houston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northwest Houston, TX
How much do homes in Northwest Houston, TX cost?
Median Sold Price
$415,029
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,734(+3.7%)
Key Takeaway
Homes in Northwest Houston have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Northwest Houston was $415,029 in October 2024, up 3.7% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $121K | $97.5K | -19.4% |
| 2 Bedrooms | $194.5K | $209K | +7.5% |
| 3 Bedrooms | $379.1K | $381.8K | +0.7% |
| 4 Bedrooms | $509.3K | $570K | +11.9% |
| 5+ Bedrooms | $1.3M | $1.0M | -18.1% |
Summary: Northwest Houston housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.4%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes decreased by 18.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Westbranch | $254K | $287.5K | +13.2% |
| Spring Branch North | $405K | $425K | +4.9% |
| Spring Branch West | $415K | $433.9K | +4.6% |
| Northwest Houston | $400.2K | $415K | +3.7% |
| Carverdale | $291K | $299.9K | +3.1% |
Housing Supply in Northwest Houston, TX
How many homes are available in Northwest Houston, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 545 | 642 | +17.8% |
Summary: The Northwest Houston real estate market had 642 homes for sale in October 2024, a 17.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 48 | 63 | +31.3% |
| 3 Bedrooms | 315 | 362 | +14.9% |
| 4 Bedrooms | 137 | 167 | +21.9% |
| 5+ Bedrooms | 38 | 43 | +13.2% |
Summary: The Northwest 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 31.3%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes increased by 13.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 96 | 117 | +21.9% |
Asking Price vs. Sold Price
71 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
19 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. 60.7% of homes here sold below asking price last month.
Summary: A total of 117 homes were sold or pending in Northwest Houston in October 2024, up by 21.9% month-over-month. Of the 117 sold homes, 61% were sold under asking, 23% were sold at asking, and 16% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 34 Days | -15.3% |
Summary: Homes in Northwest Houston had an average of 34 days on market in Oct 2024, down by 15.3% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
11 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 October 2024, 117 homes were sold in Northwest Houston; 61% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.