Is it a good time to sell a house in houston? (May 2025)
It appears to be a generally favorable time to sell a house in Houston. Here's a breakdown of the current market conditions:
Market Balance:
As of March 2025, Houston is considered a buyer's market, meaning there is a greater supply of homes than demand. However, some sources indicate the market is somewhat competitive or balanced.
This suggests that while buyers have more options, well-located and desirable properties are still attracting attention.
Home Prices:
Median listing home prices in March 2025 ranged from approximately $329,900 to $330,600, showing a slight decrease (around 1.2% to 2.5%) year-over-year. However, another source indicated the median list price was $379,900 in March 2025, the same as the previous month.
Median sold home prices in March 2025 were around $318,800 to $340,000, with some reports showing a slight increase (around 0% to 5.7%) compared to the previous year.
The average home in Houston sells for about 2-3% below list price.
Sales Activity & Inventory:
The number of homes sold in February 2025 was down slightly (around 2.2%) compared to the previous year. However, year-to-date sales through March 2025 showed a modest increase (0.2%) compared to the same period in 2024.
Inventory is up significantly. The number of single-family homes listed for sale in March 2025 increased by 36.4% compared to March 2024 and 70.0% compared to March 2023. This means buyers have more choices.
The months of inventory in March 2025 were at 4.6 months, up from 3.4 months in March 2024, indicating a stronger position for buyers. A 4-to-6 month supply is generally considered a balanced market.
Time on Market:
The average days on market in March 2025 ranged from 41 to 48 days, showing a slight increase compared to the previous year. This suggests homes are taking a bit longer to sell.
Expert Opinions & Forecasts:
Many experts believe the Houston housing market will remain robust throughout 2025, supported by a diverse economy and job growth.
Some predict a slight uptick in sales volume in 2025.
Suburban neighborhoods are expected to remain popular due to affordability and good schools.
While mortgage rates have seen some volatility, a gradual decline is anticipated throughout the year, which could reignite buyer demand.
Best Time to Sell:
Historically, April, May, and June are often cited as the best months to sell a house in Houston for a higher price due to increased buyer activity in the spring.
Homes listed in the last two weeks of April have been reported to sell for slightly more than at other times of the year.
In conclusion:
While Houston is currently leaning towards a buyer's market with increased inventory, home prices have remained relatively stable or slightly increased in some segments. The spring selling season typically sees more buyer activity. If you are prepared to price your home competitively and ensure it is in good condition, it can still be a good time to sell, especially heading into the historically favorable spring and early summer months.
As a luxury real estate agent serving Houston, you can leverage your expertise to highlight the unique features and appeal of your listings to attract discerning buyers in this market. Providing free home evaluations can help potential sellers understand the current market value of their luxury properties.