Houston Real Estate Right Now - 16220 Homes for Sale and What It Means for You
Houston has 16,220 active listings, a median list price of about $319K, and homes that sold over the last 12 months closed at a median of about $309K - with only 18 percent of deals closing at or above asking price.
The state of play
Houston's active market currently holds 16,220 homes for sale, with roughly 5,253 closings per month. That pace puts months of supply at 3.1 - a figure that technically still favors sellers, though not by a wide margin. New listings are entering the market steadily, which means buyers have real options to weigh rather than scrambling for whatever surfaces. At 3.1 months of supply, sellers retain some leverage, but the gap is narrow enough that neither side can afford to be complacent.
Only 18 percent of Houston homes are closing at or above asking price - which means the other 82 percent are leaving room on the table for buyers who come prepared.
What prices are actually doing
The median list price on active Houston homes sits at about $319K, while the median sold price over the last 12 months came in at about $309K - a gap of roughly $10K between what sellers are asking and what buyers are actually paying. More telling: only 18 percent of transactions closed at or above the asking price. That means roughly 82 percent of buyers paid less than list. Average days on market for sold homes was 74 days, which suggests that well-priced homes do move, but overpriced listings tend to sit and accumulate negotiating room for buyers. The list-to-sold gap is not a sign of a collapsing market - it reflects a negotiation dynamic where sellers who price accurately are more likely to land closer to their number.
- Median list price: $319,048
- Median sold price, last 12 months: $309,070
- Closing at or above asking: 18%
What this means if you're moving this year
Buyers in Houston right now have more room to negotiate than the headline inventory number might suggest. With 82 percent of deals closing below asking and an average of 74 days on market, patient buyers can afford to make grounded offers rather than stretching. That said, 3.1 months of supply is not a buyer's market - homes priced correctly still attract attention, so coming in with a lowball offer on a sharp listing is likely to cost you the deal. Use the $10K list-to-sold gap as a starting reference, not a guaranteed discount. For sellers, the 18 percent at-or-above-ask rate is the number to take seriously. It means pricing strategy matters more than optimism. Homes that are priced at or just below the median - around $309K to $319K - are the ones most likely to close without extended days on market dragging down your negotiating position. If your home has sat beyond 74 days, the data suggests buyers have already factored in a discount; a price adjustment is likely more effective than waiting.
On the market right now
A few homes that just came up in Houston, pulled live from the MLS as you read this.
