🌸 Houston’s Housing Market Springs Forward in March 2025

HOUSTON — April 9, 2025 — While economic uncertainty continues to make headlines, the Greater Houston housing market showed signs of strength and resilience in March, blossoming with higher sales, increased inventory, and a shift that’s creating more opportunity for buyers.

📈 Sales Rebound Amid Growing Inventory

According to the Houston Association of Realtors (HAR), single-family home sales were up 2.6% year-over-year, with 7,429 homes sold—marking the highest monthly sales volume since July 2024. Even more promising, pending sales jumped 12.7%, signaling that the spring buying season is heating up.

Inventory levels also continued to climb. March closed with 32,866 homes on the market, the most since June 2011—great news for buyers who now have the widest selection of homes in 14 years.

💸 Home Prices Continue to Rise—But Modestly

While home prices in Houston are still rising, the increases are more moderate than in years past. The median price for a single-family home in March was $335,000 (up 1.5%), and the average price was $427,221 (up 3.7%). This uptick is largely driven by activity at the higher end of the market.

The luxury segment ($1 million and up) led the way with a 26.9% increase in sales compared to March 2024. Meanwhile, homes priced under $100,000 saw a significant 14% decline, and all other price segments (except $250K–$499K) posted gains.

🏡 “Buyer’s Market” Momentum Builds

HAR Chair Shae Cottar (LPT Realty) weighed in:

“Lower mortgage rates are giving Houston homebuyers a sense of optimism, but many are still proceeding with caution. Economic headwinds like new tariffs are helping ease rates, and when combined with higher inventory and more stable prices, the current market offers opportunity—for both buyers and sellers.”

🧾 By the Numbers: March 2025 Market Snapshot

Here’s a quick look at how the Houston housing market performed in March:

• 🏠 Single-family home sales: ↑ 2.6% YOY (7,429 units)

• 💰 Average price: ↑ 3.7% to $427,221

• 💵 Median price: ↑ 1.5% to $335,000

• 🗓️ Days on Market (DOM): ↑ from 55 to 62 days

• 📦 Inventory: ↑ 36.4% YOY (32,866 listings)

• 🧮 Months of inventory: ↑ from 3.4 to 4.6 months

• 💸 Total dollar volume: ↑ 5.1% to $3.6 billion

• 🏡 Open houses hosted: 45,311 (↑ 48.9%)

🔍 Home Sales by Price Segment:

• $1 - $99,999: ↓ 14.0%

• $100K - $149K: ↑ 3.0%

• $150K - $249K: ↑ 0.6%

• $250K - $499K: ↓ 0.4%

• $500K - $999K: ↑ 3.6%

• $1M+: ↑ 26.9%

🏘️ Townhomes & Condos Lag Behind

Not all housing segments were on the rise. Townhome and condominium sales dropped 21.9% year-over-year, with only 397 units sold. Prices also slipped, with the average price falling 1.5% to $272,144 and the median price down 4.0% to $225,500.

However, inventory in this segment continues to rise, with a 6.9-month supply—the highest since November 2011—suggesting opportunities may lie ahead for buyers in this space as well.

🏡 Bottom Line

The Houston real estate market is showing clear signs of a shift toward a buyer-friendly landscape, with more listings, longer market times, and stabilizing prices. As we head deeper into the spring season, this momentum could carry forward—making now a great time to enter the market.

Thinking about buying or selling? Let’s connect and create a strategy that works for you in this evolving market. 🌟