Greater Houston October 2024 Real Estate Market Update

You are currently viewing Greater Houston October 2024 Real Estate Market Update
  • Single-family home sales increased 1.7 percent year-over-year.
  • Days on Market (DOM) for single-family homes went from 45 to 51 days.
  • The single-family average price edged up by 0.3 percent to $415,435.
  • Single-family home months of inventory registered a 4.4-months supply, up from 3.4 months last September.
  • Townhome/condominium sales continued to decline, falling 23.0 percent, with the median price up 7.1 percent to $240,990, and the average price rose 10.9 percent to $290,048.
  • The inventory of townhomes and condominiums expanded from a 3.4-month supply in September 2023 to 5.8 months, the highest level since July 2012 when it was 6.0 months.