Is Northeast Houston, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Northeast Houston was a Seller's Market.
Housing Prices in Northeast Houston, TX
How much do homes in Northeast Houston, TX cost?
Median Sold Price
$222,109
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Northeast Houston was $222,109 in May 2024, up 4.9% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $189.7K | $158.5K | -16.5% |
2 Bedrooms | $150K | $141.2K | -5.8% |
3 Bedrooms | $218.3K | $232K | +6.2% |
4 Bedrooms | $226.4K | $222.5K | -1.7% |
5+ Bedrooms | $279.9K | $265K | -5.3% |
Summary: Northeast Houston housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.5%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 5.3%.
Median Sold Price Compared To Nearby Neighborhoods
Northeast Houston | $211.6K | $222.1K | +4.9% |
Settegast | $240K | $247.4K | +3.1% |
Pleasantville Area | $180K | $177.5K | -1.4% |
Housing Supply in Northeast Houston, TX
How many homes are available in Northeast Houston, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
623 | 708 | +13.6% |
Summary: The Northeast Houston real estate market had 708 homes for sale in May 2024, a 13.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 9 | +28.6% |
2 Bedrooms | 95 | 101 | +6.3% |
3 Bedrooms | 424 | 488 | +15.1% |
4 Bedrooms | 73 | 82 | +12.3% |
5+ Bedrooms | 24 | 28 | +16.7% |
Summary: The Northeast Houston housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
88 | 111 | +26.1% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 111 homes were sold or pending in Northeast Houston in May 2024, up by 26.1% month-over-month. Of the 111 sold homes, 50% were sold under asking, 32% were sold at asking, and 18% were sold over asking.
Days on Market for Northeast Houston, TX
How long does it take to sell a home in Northeast Houston, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
45 Days | 41 Days | -9.8% |
Summary: Homes in Northeast Houston had an average of 41 days on market in May 2024, down by 9.8% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
49 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During May 2024, 111 homes were sold in Northeast Houston; 46% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.