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 The Greater Houston housing market moved toward a more balanced position in September. Steady demand, easing prices and a robust supply of homes are helping the market settle into a more sustainable rhythm for both buyers and sellers.

According to the Houston Association of Realtors' September 2025 Housing Market Update, single-family home sales rose 5.3 percent year-over-year. A total of 7,399 homes were sold compared to 7,025 last year. Pending sales, newly signed purchase contracts, also remained strong, signaling underlying market confidence from buyers.

Home prices reached their lowest levels since February. The median home price was $327,000, which is 2.1 percent less than last year’s figure. The average price inched up 2.0 percent to $421,655, largely due to a rise in luxury home sales in September.

Homes priced from $250,000 to $499,999, which accounted for more than 55 percent of all September sales, experienced a 1.3 percent decline in activity compared to the same time last year. All other price ranges recorded year-over-year sales growth.

Inventory remains at healthy levels across the Houston area. Active listings are still higher than this time last year, though month-to-month growth has begun to flatten. Months of inventory dipped slightly from August as a result of increased sales activity.

Housing Market Overview

In September, property sales across the Greater Houston area continued to outpace 2024 levels. Total sales increased 5.0 percent year-over-year, with 8,686 properties sold. The uptick in transactions was matched by a 6.8 percent rise in total dollar volume, which exceeded $3.5 billion in September.

Active listings—the total number of available properties—were 24.7 percent higher than last year with 59,876 units. 

Rentals 

  Houston rental market. September brought renters more choices while lease prices remained steady.

According to the Houston Association of Realtors’ September 2025 Rental Market Update, a total of 3,642 single-family homes were leased, which is up 5.3 percent from the 3,460 leases signed a year earlier.

September marked another month of expanding inventory, giving renters more choices than at any point in HAR’s recorded history. There were 11,255 single-family homes available for rent, surpassing the previous record set in August.

The average lease price was $2,347. It was statistically unchanged year-over-year for the third consecutive month, indicating that lease prices have plateaued after several years of increases.

Real estate agents added 6,841 new listings to the Multiple Listing Service compared to 5,510 last September, which represents a 24.2 percent increase year-over-year. Rental properties were on the market slightly longer—37 days compared to 34 last year.

   Inventory continued to expand, giving buyers more options. Active listings increased 31.9 percent to 3,428 units, increasing months of inventory from 5.7 months in September 2024 to 8.2 months this year. Houston Real Estate Highlights in September

• Single-family home sales increased 5.3% year-over-year.
• Days on Market (DOM) for single-family homes went from 52 to 55 days.
• The single-family median price declined 2.1% to $327,000.
• The single-family average price rose 2.0% to $421,655.
• Single-family home months of inventory expanded to a 5.2-months supply, up from 4.3 months last September.
• Townhome and condominium sales increased 4.0% with 414 units sold. The median price declined 4.4% to $230,000, and the average price was down 4.9% to $273,890.
• Total property sales increased 5.0% with 8,686 units sold.
• Total dollar volume rose 6.8% to $3.5 billion.

Wondering how much mortgage payment that would be?  Check out our Closing Cost Calculator 

  Remember it is not unusual for prices to go up and this is one of the reasons why homeowners have a higher net worth than renters 40 times higher in Fact.  

Despite a recent uptick in mortgage rates, the Houston housing market maintained its momentum in October. Both home sales and inventory increased, signaling a healthy and active market as the final quarter of 2024 began.

Single-family home sales across the Greater Houston area climbed 12.8 percent year-over-year with 7,185 units sold compared to 6,372 last October, according to the Houston Association of Realtors’ (HAR) October 2024 Housing Market Update.

The average price of a home  rose 5.2 percent to $423,166, while the median price increased 2.7 percent to $334,900.

The high end of the market experienced a surge in sales activity in October. The luxury segment ($1 million+) had the strongest performance with closings 33.8 percent higher than the same time last year. That is followed by the housing segment with homes priced between $500,000 and $999,999, which recorded a 25.9 percent surge in sales compared to last year. The segment with homes priced between $100,000 and $149,999 was the only one that saw a decline in sales, with closings down 7.3 percent compared to last year.

Rentals of single-family homes continued to hold steady in October. HAR will publish its October 2024 Rental Home Update on Wednesday, November 20.

“While mortgage rates have edged up, they remain well below the peak levels reached last year,” said HAR Chair Thomas Mouton with Century 21 Exclusive Properties.“This more favorable rate environment is helping sustain buyer demand and driving continued activity in the Houston housing market as we enter the final months of 2024.”

October Monthly Market Comparison

October marked the end of a five-month streak of declining total property sales, with sales increasing 10.2 percent compared to the same time last year. Total dollar volume rose 19.5 percent to $3.5 billion. The number of available properties was 23.6 percent above October 2023 levels.

Single-Family Homes Update

In October, single-family home sales posted gains for the second month in a row, climbing 12.8 percent year-over-year. A total of 7,185 units were sold across the Greater Houston area compared to 6,372 last year. The average price rose 5.2 percent to $423,166, and the median price was up 2.7 percent to $334,900. The price per square foot increased to $178 compared to $173 last October.

With 31,094 homes on the market, inventory levels have continued to expand, providing more opportunities for prospective homeowners. The average days on market increased from 48 to 51.

Months of inventory of single-family homes expanded from a 3.5-months supply last October to 4.4 months, which is the highest since September 2012 when there was a 4.7-months supply. Housing inventory nationally stands at a 4.3-months supply, according to the latest report from the National Association of Realtors (NAR). A 4.0- to 6.0-months supply is generally considered a “balanced market,” in which neither the buyer nor the seller has the upper hand.

 Houston Real Estate Highlights in  October

• Single-family home sales increased 12.8 percent year-over-year; 
•  Days on Market (DOM) for single-family homes went from 48 to 51 days;
• Total property sales were up 10.2 percent with 8,627 units sold;
• Total dollar volume rose 19.5 percent to $3.5 billion;
• The single-family median price was up 2.7 percent to $334,900;
• The single-family average price climbed 5.2 percent to $423,166;
• Single-family home months of inventory registered a 4.4-months supply, up from 3.5 months last October.
• Townhome/condominium sales increased for the first time in two years, with sales up 6.5 percent year-over-year. The median price declined 3.2 percent to $232,400, and the average price rose 2.6 percent to $279,018.

 HAR also breaks out sales figures for existing single-family homes. In October, existing home sales totaled 5,163, which is up 14.7 percent compared to the same time last year. The average price rose 6.0 percent year-over-year to $429,778, and the median sales price increased 4.1 percent to $330,000. 

Wondering how much mortgage payment that would be?  

  Remember it is not unusual for prices to go up and this is one of the reasons why homeowners have a higher net worth than renters 40 times higher in Fact.  

The average price of a single-family home throughout Greater Houston rose 2.7 percent to $391,080 and the median price increased 2.1 percent to $320,500. That marks the first time that the average price has been below $400,000 since February 2023.

January Monthly Market Comparison

January marked only the second time in two years that single-family homes sales were in positive territory with sales climbing 9.0 percent year-over-year. The last time was in November 2023 when sales rose 5.4 percent. 

In addition to the increase in single-family sales volume, total property sales rose 6.9 percent and total dollar volume jumped 11.9 percent from $2 billion to $2.3 billion. Single-family pending sales rose 6.3 percent. Active listings, or the total number of available properties, were 17.8 percent ahead of the 2023 level.

Months of inventory expanded from a 2.6-months supply last January to 3.3 months, matching December’s supply level, but slightly below the 3.5-months supply that prevailed in October and November 2023. Housing inventory nationally is at a 3.2-months supply, according to the latest report from the National Association of Realtors (NAR). A 4.0- to 6.0-month supply is generally considered a “balanced market” in which neither buyer nor seller has an advantage.

Single-Family Homes Update

January delivered good news to the Houston housing market with positive indicators across the board. Single-family home sales experienced only the second increase in two years, climbing 9.0 percent year-over-year with a total of 5,009 units sold across the Greater Houston area versus 4,595 in 2023. The average price rose 2.7 percent to $391,080 while the median price rose 2.1 percent to $320,500. That is the first time that the average price has been below $400,000 since February 2023.

How much of your income should you spend on housing?  

 Days on Market, or the actual time it took to sell a home, eased slightly from 60 to 58 days. Months of inventory registered a 3.3-months supply for the second consecutive month and compares to 2.6 months a year earlier. 

The current national supply stands at 3.2 months, as reported by NAR. 

Wondering how much mortgage payment that would be?  

  Remember it is not unusual for prices to go up and is one of the reasons why homeowners have a higher net worth than renters 40 times higher in Fact.