February 2025 Houston Real Estate Market Report

Single-family home sales were in positive territory for the fifth month in a row

The rental market started the new year strong with increased demand.

Single-Family Homes Update

January marked the fifth month in a row where single-family home sales were in positive territory with sales increasing 1.2% year-over-year. The average price rose 4.4% to $406,492 while the median price edged up by 1.6% to $325,000. The price per square foot increased to $174 from $169 in January 2024.

Days on Market, or the actual time it took to sell a home, increased from 59 to 61. Months of inventory expanded to a 4.3-months supply indicating a balance between supply and demand.

Broken out by housing segment, January sales performed as follows:

• $1 - $99,999: decreased 4.1%
• $100,000 - $149,999: decreased 10.4%
• $150,000 - $249,999: increased 3.0%
• $250,000 - $499,999: decreased 1.6%
• $500,000 - $999,999: increased 8.1%
• $1M and above: increased 20.7%