Houston Housing Market Overview – November 2025
Houston’s housing market continued its shift toward balance in November, offering clearer opportunities for both buyers and sellers.
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Total property sales: 7,475 (–2.7% year-over-year)
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Total dollar volume: $3.1 billion (–0.8% YoY)
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Active listings: 57,961 properties (+19.4% YoY)
While overall sales slowed slightly, rising inventory and easing prices point to a healthier, more sustainable market.
Single-Family Home Market Snapshot
Single-Family Home Sales – November 2025:
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Sales: 6,347 homes sold (–2.3% YoY)
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Pending sales: +7.2% YoY, signaling continued buyer interest
Average & Median Single-Family Home Prices – October 2025:
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Median price: $325,000 (–1.5% YoY)
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Average price: $422,552 (+0.8% YoY)
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Price per sq. ft.: $174, slightly lower than last year
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Days on market: 60 days, up from 53
The slight dip in sales marks the first year-over-year decline since April, but rising pending sales suggest activity remains steady heading into year-end.
Affordability Improves for Buyers
Lower mortgage rates combined with modest price declines significantly improved affordability.
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Average mortgage rate: 6.24% (down from 6.81% in 2024)
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Estimated monthly payment on a median-priced home:
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$1,599, down from $1,723 last year
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Savings: ~$124 per month or ~$1,484 per year
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This shift gives buyers more flexibility and negotiating power.
Inventory and Market Balance
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Active single-family listings: 36,620 (+21.0% YoY)
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Months of inventory: 5.0 months (up from 4.3 last year)
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National comparison: U.S. average sits at 4.4 months
Inventory is higher than last year but slightly lower than recent months, reinforcing a more balanced market rather than an oversupply.
Performance by Price Range
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$1–$99K: –2.2%
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$100K–$149K: +10.6%
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$150K–$249K: +3.6%
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$250K–$499K: –6.4%
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$500K–$999K: –7.3%
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$1M+: +23.4%
Luxury homes were the strongest-performing segment, while mid-range homes saw slower activity.
Existing Home Sales
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Closings: 4,131 (–0.8% YoY)
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Average price: $439,743 (flat)
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Median price: $325,000 (flat)
Existing homes remain stable, especially for buyers prioritizing established neighborhoods.
What This Means for Buyers and Sellers
For Buyers
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Improved affordability due to lower rates and softer prices
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More inventory means more options and stronger negotiating power
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Less pressure to make rushed decisions
For Sellers
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Homes are still selling, but pricing must be realistic
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With the list-to-sale ratio at 92.2% (lowest on record), overpricing can lead to longer market times
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Well-priced, well-presented homes continue to attract offers
Takeaway:
Houston’s housing market is settling into a balanced pace—less frantic, more predictable, and healthier for long-term buyers and sellers.
