$2,375 Closing Credit*
$200,000
1,185 SqFt
2 Beds
•1 Full Bath
Patricia Ferley, Listing Office: Coldwell Banker Realty - Bellaire-Metropolitan
Is Southeast Houston, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Southeast Houston was a Seller's Market.
Key Takeaway
Southeast Houston is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Southeast Houston, TX
How much do homes in Southeast Houston, TX cost?
Median Sold Price
$230,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$86(0%)
Key Takeaway
The sold price of homes in Southeast Houston has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $156.9K | $121.5K | -22.6% |
| 2 Bedrooms | $138.9K | $125K | -10.0% |
| 3 Bedrooms | $231.1K | $230.3K | -0.3% |
| 4 Bedrooms | $265K | $247K | -6.8% |
| 5+ Bedrooms | $300K | $349.9K | +16.7% |
Summary: Southeast Houston housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.6%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes increased by 16.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Sunnyside | $230K | $237.7K | +3.4% |
| Minnetex | $256.9K | $258.9K | +0.8% |
| Southeast Houston | $230K | $230K | 0% |
| South Park | $175K | $175K | 0.0% |
| South Acres / Crestmont Park | $235K | $233K | -0.9% |
Housing Supply in Southeast Houston, TX
How many homes are available in Southeast Houston, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 676 | 826 | +22.2% |
Summary: The Southeast Houston real estate market had 826 homes for sale in October 2024, a 22.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 68 | 81 | +19.1% |
| 3 Bedrooms | 397 | 504 | +27.0% |
| 4 Bedrooms | 184 | 204 | +10.9% |
| 5+ Bedrooms | 24 | 33 | +37.5% |
Summary: The Southeast Houston housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 19.1%, 3 bedroom homes increased by 27%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 94 | 93 | -1.1% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast Houston, you may be able to get a good deal. 55.9% of homes here sold below asking price last month.
Summary: A total of 93 homes were sold or pending in Southeast Houston in October 2024, down by 1.1% month-over-month. Of the 93 sold homes, 56% were sold under asking, 31% were sold at asking, and 13% were sold over asking.
Days on Market for Southeast Houston, TX
How long does it take to sell a home in Southeast Houston, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 45 Days | +20.8% |
Summary: Homes in Southeast Houston had an average of 45 days on market in Oct 2024, up by 20.8% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southeast Houston are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 93 homes were sold in Southeast Houston; 47% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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