Houston, Texas started 2024 with a total of 5,273 single-family homes on the market, with a median home price of $364,990 and an average price per square foot of $226.49. By the end of the year, inventory had increased to 6,940 homes on the market (+32%), with a median home price of $352,435 (-3%), and an average price per square foot of $215 (-5%).
At the start of 2024, the median days on market (DOM) was 77 days – by the end of the year, median DOM had increased to 84 days.
Houston, Texas started the year with 39.12% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 43.21% of homes for sale had taken a price cut.
