North Houston is seeing fewer homes for sale, with inventory at 925 listings and down 4.84% from last month. New listings have fallen even more sharply, dropping 22.82% year over year to 771. Fewer homes are going under contract as well, with 468 pending sales and an 18.47% decline from a year ago.
Pricing is adjusting gradually in response to this slower flow of new listings and contracts. The typical home value in North Houston is $347,990, up 0.87% from last year and 0.29% from last month, and slightly above the wider Houston city value of $341,000. Sellers are still discounting somewhat, with homes selling for about 96.9% of list price and only about 9.9% closing above asking.
Homes are taking longer to sell, sitting a median of 71 days on the market, which is 4.41% higher than last month and up 33.96% compared to a year ago. Even with slower sales and longer timelines, overall conditions still tilt toward sellers, reflected in a seller's market gauge of 20. With inventory projected to ease to 901 homes and the typical home value expected to edge up to about $348,485 next month, both buyers and sellers can benefit from an Agent Pronto expert who can connect them with the right local agent.
