Houston Market Report - 16319 Homes For Sale at 3.1 Months of Supply
Houston has 16,319 active listings with a median list price of about $319K, homes are selling at a median of about $309K, and with 3.1 months of supply the market still tilts toward sellers - but only 18% of sales are closing at or above asking price.
The state of play
Houston currently has 16,319 homes listed for sale, with 5,154 new listings hitting the market in the last 30 days alone. At a pace of roughly 5,236 sales per month, that works out to 3.1 months of supply - a level that technically favors sellers, since a balanced market typically sits closer to 5 or 6 months. That said, buyers have more room to negotiate than the headline supply number suggests. With average days on market at 74 days, listings are sitting long enough that sellers who want to move fast need to be priced right from day one.
Only 18% of Houston sales close at or above asking price - the other 82% close below, which means the list price is a starting point, not a ceiling.
What prices are actually doing
The median list price on active Houston homes is $318,981, while the median sold price over the last 12 months is $308,765 - a gap of about $10,216 between what sellers are asking and what buyers are actually paying. That spread matters: it tells you the typical transaction closes below the asking price, not above it. The clearest proof is the at-or-above-ask figure - only 18% of sales in Houston are closing at or above list price. That means roughly 8 in 10 deals end with the seller accepting less than their original number. Average days on market at 74 days reinforces this - homes that are priced too high don't get rescued by a wave of competing offers, they sit.
- Median list price: $318,981
- Median sold price, last 12 months: $308,765
- Closing at or above asking: 18%
What this means if you're moving this year
Sellers in Houston need to treat accurate pricing as the primary lever. With a roughly $10K gap between median list and median sold, and only 18% of homes closing at asking or better, an aggressive list price is more likely to add weeks on market than dollars to your net. Homes priced within range of that $309K median sold price are the ones moving. If you're listing above $319K, the data suggests building in negotiating room rather than expecting a bidding war. Buyers, meanwhile, have real negotiating power on most listings. Seventy-four average days on market means a seller who hasn't gotten traction is likely paying carrying costs and growing more flexible. Come in with a grounded offer anchored to that $309K median sold benchmark, ask for concessions, and don't assume a list price is a floor. The 3.1 months of supply does mean inventory isn't overwhelming - desirable, well-priced homes can still move quickly - so when you find a home priced accurately, move with intention.
On the market right now
A few homes that just came up in Houston, pulled live from the MLS as you read this.
