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HOUSTON HOUSING MARKET SHOWS CONTINUED STABILITY IN APRIL

Home sales and prices were largely unchanged compared to last year

HOUSTON — (May 14, 2025) — The Greater Houston housing market remained solid and steady in April, with home prices and sales on pace with last year’s figures. This consistent performance reinforces the market’s continued stability.

According to the Houston Association of Realtors’ April 2025 Housing Market Update, single-family home sales across the Greater Houston area experienced a marginal decrease of 1.1 percent compared to April 2024. A total of 7,856 single-family homes were sold, slightly below the 7,940 closings recorded during the same time last year. 

The average home price in April was statistically flat at $437,407. The median price stood at $339,990, showing minimal fluctuation from the previous year.

Active listings climbed to 34,989, a 37.0 percent increase compared to the same time last year. This represents the highest volume of active listings since August 2010.

“While national housing market trends may be showing signs of increased volatility due to economic uncertainty, the Houston area remains on solid footing,” said HAR Chair Shae Cottar with LPT Realty. “The consistent pricing and growth in inventory offer a balanced perspective. For buyers, this typically means less competition and more opportunities to find a home that meets their specific needs and budget. For sellers, it emphasizes the importance of competitive pricing and effective marketing to stand out.”

HAR will publish its April 2025 Rental Home Update on Wednesday, May 21.

April Monthly Market Comparison

The overall real estate market in Houston trailed last year’s volume. In April, total property sales were 3.5 percent below where they were during the same time in 2024. Total dollar volume declined 2.0 percent to $3.9 billion. Inventory continued to expand with 54,978 available properties, which is up 30.3 percent compared to last April.

Single-Family Homes Update

In April, single-family home sales were in line with last year’s figures. Closings in the Greater Houston area declined slightly, by 1.1 percent, with 7,856 homes sold versus 7,940 in 2024. Pending sales, which were up 13.6 percent year-over-year, indicate that the remaining weeks of the spring homebuying season will likely continue to be active.

Home prices were virtually unchanged compared to last April. The average home price was $437,407 while the median price was $339,990. The price per square foot held steady at $180. 

There were 34,989 active listings of single-family homes in April, which is up 37.0 percent year-over-year. It is the highest volume of active listings since August 2010 when there were 35,437 units.

Days on Market, or the actual time it took to sell a home, climbed from 50 to 54 days. Months of inventory increased from 3.6 last year to 4.9 months, which is the highest since August 2012. This figure tops the national inventory level of 4.0 months reported by the National Association of Realtors. 

Broken out by housing segment, home sales in the Houston area performed as follows:

  • $1 – $99,999: increased 14.9 percent
  • $100,000 – $149,999: decreased 14.2 percent
  • $150,000 – $249,999: increased 3.0 percent
  • $250,000 – $499,999: decreased 0.8 percent
  • $500,000 – $999,999: decreased 4.3 percent
  • $1M and above: increased 1.6 percent

In April, existing home sales were statistically flat with 5,598 transactions compared to 5,616 last year. The average price rose 2.0 percent to $450,755, and the median sales price was statistically unchanged at $336,063.

Townhome/Condominium Update

Townhome and condominium sales were below 2024’s volume for the third consecutive month. Transactions were 15.2 percent below last year’s level with 451 units sold versus 532 last April. The average price was down 4.0 percent to $267,507, and the median price slid 6.5 percent to $215,000.

The inventory of townhomes and condominiums expanded to a 7.4-months supply compared to 4.4-months during the same time last year. It was the highest level recorded since October 2011 when there was a 7.7-months supply.

Houston Real Estate Highlights in April

  • Single-family home sales decreased 1.1% year-over-year;
  • Days on Market (DOM) for single-family homes went from 50 to 54 days;
  • Total property sales declined by 3.5% with 9,283 units sold;
  • Total dollar volume was down 2.0% to $3.9 billion;
  • The single-family median price was statistically unchanged at $339,990;
  • The single-family average price was statistically flat at $437,407; 
  • Single-family home months of inventory registered a 4.9-months supply, up from 3.6 months last April.
  • Townhome and condominium sales declined 15.2% year-over-year. The median price was down 6.5% percent to $215,000, and the average price slid 4.0% to $267,507.

SOURCE: THE HOUSTON ASSOCIATION OF REALTORS (www.har.com/content/mls — May 14, 2025)