Chris  Schmidt
Chris Schmidt

What is the Average Time to Sell a House in Houston in 2024?

The Houston housing market has undergone significant changes since 2023, and as a homeowner looking to sell your property, it’s crucial to understand the current market conditions to make informed decisions. In this blog post, Chris Schmidt and the Houston real estate experts at Your Home Sold Guaranteed Realty - Chris Schmidt Team analyze the latest data from April 2024 and compare it to the previous year, providing you with insights into the average time to sell a house in Houston in 2024.

Key Takeaways

  • The median home price in Houston decreased by 3.2%, from $325,439 in April 2023 to $315,136 in April 2024.
  • The housing inventory in Houston increased by 17.9% from March 2024 to April 2024, indicating more available homes for buyers.
  • The average time on the market for homes in Houston was 37 days in April 2024, down by 6.6% compared to April 2023.

The Houston Housing Market in 2024

According to the latest Houston housing data, the Houston housing market has experienced a shift from a strong seller’s market in 2023 to a more balanced market in 2024. However, because the Houston housing market is so diverse and expansive, specific neighborhoods within Houston may experience different results.

Here are some key points to consider:

1. Median Home Prices:

   – In April 2023, the median home price in Houston was $325,439.

   – As of April 2024, the median home price decreased by 3.2% to $315,136.

2. Housing Inventory:

   – The housing inventory in Houston increased significantly, with 12,394 homes for sale in April 2024, a 17.9% increase compared to March 2024.

   – This increase in inventory provides more options for buyers, potentially easing the competitive nature of the market.

3. Days on Market:

   – In April 2023, homes in Houston spent an average of 39 days on the market.

   – By April 2024, the average time on the market decreased to 37 days, a 6.6% reduction.

While the housing market in Houston has seen a slight cooling compared to the previous year, it remains a favorable environment for sellers, with homes still selling relatively quickly, especially during the peak spring and summer months.

Timing Your Home Sale in 2024

Based on the data and historical trends, the optimal time to list your Houston home for a quick sale in 2024 is likely to be in late spring or early summer. This period typically sees an influx of buyers and higher demand, which can result in shorter average times on the market.

Although the exact data for peak months like June and July 2024 is clearly not available yet, we can draw insights from the previous year. In June and July 2023, homes in Houston spent an average of just 21-23 days on the market before selling, which was 10-15 days faster than other months of the year.

By listing your home during this peak season, you can potentially benefit from the increased buyer activity and capitalize on the competitive market conditions, potentially selling your property within an average of 3-4 weeks or less.

Preparing for a Successful Sale

To maximize your chances of a quick and successful sale in the Houston market, it’s essential to follow best practices and work closely with a knowledgeable real estate agent. Here are some tips to consider:

1. Pricing Strategy: Work with your agent to set a competitive listing price based on recent comparable sales in your neighborhood and current market conditions. This helps get an accurate home value.

2. Home Preparation: Declutter, deep clean, and stage your home to highlight its best features and appeal to potential buyers.

3. Professional Photography and Marketing: Invest in high-quality professional photographs and collaborate with your agent on a comprehensive marketing plan that includes home staging, online listings, social media promotion, and targeted advertising.

4. Be Responsive: Respond promptly to showing requests and be flexible with scheduling to accommodate interested buyers.

By following these strategies and staying informed about the latest market trends, you can position yourself for a successful sale and potentially achieve the average time on the market or better in the Houston real estate market of 2024.

Remember, market conditions can vary depending on location, property type, and other factors. Consulting with a local real estate professional who has in-depth knowledge of the Houston real estate market is crucial for making informed decisions and maximizing your chances of a quick and profitable sale.

Call Chris Schmidt To Sell Your House Fast and For Top Dollar!

Your Home Sold Guaranteed Realty - Chris Schmidt Team. What is the Average Time to Sell a House in Houston in 2024?
Chris Schmidt

If you have decided that now is the time to sell a home in the Houston area, your first call should be to the real estate professionals at Your Home Sold Guaranteed Realty - Chris Schmidt Team. As the best realtor in Houston, we have the experience, skills, and local insider information to guide you through the home selling process and ensure that you have the most relaxing and stress-free experience possible. Your success is our success, and we are committed to making sure you are 100% successful.  We sell houses fast and for top dollar!

To learn more about the home selling process or to get started on your real estate journey, give our realtors a call at 713-322-5604 or fill out the form on this page with the requested information to get a detailed response from one of our skilled professionals.

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