The Greater Houston real estate market held steady in April, with home sales and prices largely unchanged from this time last year. While some national housing markets continue to show signs of volatility, Houston remains on solid footing. Rising inventory levels, consistent pricing, and steady buyer demand continue to reflect a stable, balanced environment for both buyers and sellers.
Key Highlights from the Houston Association of Realtors (HAR) April 2025 Market Update:
Home Prices: The median home price held steady at $339,990, showing virtually no change from April 2024. The average home price was also flat at $437,407.
This stability hasn’t been consistent throughout the Houston area. For example, median home prices in Katy fell 4% last month compared to April 2024, while median prices in the Heights increased by 8% over the same period.
Likely to Sale: According to HAR, active listings rose 37.0% year-over-year to 34,989, the highest level since August 2010.
- Total property sales dipped 3.5% year-over-year to 9,283 units, while
- Single-family home sales were nearly flat, down just 1.1% with 7,856 units sold.
- Pending sales climbed 13.6%, pointing to a possible pickup in activity through late spring.
The absorption rate for April 2025 was approximately 17%, down from last year but in line with recent months, reflecting a slower, more balanced pace.
Market Segments: Sales were generally flat across most segments, with strength in the luxury home market, while the entry level-to-mid priced homes saw modest declines.
Inventory: Months of inventory increased to 4.9 months, up from 3.6 months in April 2024—the highest level since August 2012. National inventory stands at 4.0 months, according to the latest NAR data. Many Houston neighborhoods are now experiencing market conditions that favor buyers or are trending toward balance.
Days on Market:
Days on Market (DOM) rose slightly to 54 days, up from 50 days in April 2024, reflecting a slower but still active selling environment.
Existing Home Sales:
- Existing home sales were virtually unchanged at 5,598 units.
- Average price: ⬆ 2.0% to $450,755
- Median price: Statistically flat at $336,063
Townhouse/Condominium Trends:
Sales of townhomes and condos continued to trail 2024’s pace:
- Sales declined 15.2% to 451 units
- Average price: ⬇ 4.0% to $267,507
- Median price: ⬇ 6.5% to $215,000
- Inventory: Rose to 7.4 months—the highest since October 2011
Looking Ahead
Houston’s housing market remains stable heading into the heart of the spring season. With more listings on the market, buyers have greater selection and leverage. Demand remains healthy, particularly in entry-level and luxury segments, while sellers will benefit from strategic pricing and strong presentation.
While national headlines suggest economic uncertainty, Houston’s local economy continues to perform well, supporting the long-term health of the housing market. And although inventory is up, home values—especially in neighborhoods over $750,000—are expected to stay strong or even climb further.
For sellers, success will depend on your timing and location. Many near-town neighborhoods, like the Heights and Spring Branch, are still seeing homes sell quickly and above 2024 prices.
👉 If you’re thinking of buying or selling—or just want to explore your options—click here to connect with a local Norhill Realty agent who can guide you through the process.
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