Chris  Schmidt
Chris Schmidt

Will My Houston House Be Worth Less in 2024?

As a Houston homeowner preparing to sell your house in 2024, you may be concerned about the impact of the cooling national housing market on your property’s value. However, the Houston real estate landscape tells a different story. In this blog post, Houston real estate expert Chris Schmidt and the professionals at Your Home Sold Guaranteed Realty - Chris Schmidt Team discuss if your Houston house will be worth less in 2024.

Key Takeaways:

  • Experts predict modest 2-4% increases in Houston’s median home prices in 2024
  • Houston’s housing market is forecasted to be one of the strongest in 2024, with high sales volume
  • Low inventory levels are expected to continue, creating a seller’s market 
  • Houston’s robust job market and population growth should sustain housing demand

Current 2024 Houston Housing Data

While national home price growth has slowed considerably, Houston’s housing market remains resilient. Year-over-year data from April 2024 shows Houston’s median home price rose 3.2% to $345,000, defying bearish expectations. What’s more, compared to the same period in 2023, home sales are up 5.3% year-to-date.

These positive indicators suggest that despite economic headwinds, Houston’s housing market continues to be propelled by the region’s strong employment opportunities and steady population influx. As long as inventory remains constrained, upward pressure on prices persists.

Houston Home Values: Online Estimates vs Market Value

When determining your home’s worth, online estimates from major real estate websites can provide a useful starting point. However, these automated valuation models (AVMs) have inherent limitations and may not accurately reflect the true market value of your specific property.

Market value is ultimately determined by what a willing buyer is prepared to pay for your home in its current condition and location. This complex analysis requires the expertise of a seasoned real estate professional who can assess comparable recent sales, neighborhood dynamics, and other localized factors impacting value.

Get a Real Estate Professional’s Evaluation

While appraisals can provide an independent assessment of your home’s value, they come at a cost and may not be necessary if you’re simply testing the waters. An experienced local realtor like Chris Schmidt can provide a comprehensive, obligation-free evaluation of your property’s likely selling price in the current market.

Drawing upon their in-depth knowledge of Houston’s micro-markets, pricing trends, and buyer preferences, a top-performing agent can give you a realistic estimate to help guide your decision-making process. This personalized assessment is invaluable when determining your optimal listing strategy.

Call Chris Schmidt To Get a Free Home Valuation

Your Home Sold Guaranteed Realty - Chris Schmidt Team. Will My Houston House Be Worth Less in 2024?
Chris Schmidt

If you’re considering selling your Houston home in 2024, don’t leave its valuation to chance. Chris Schmidt, a respected name among Houston realtors, offers complimentary home valuations to help you understand your property’s true worth.

As leading Houston real estate experts, we have the market insights, data, and expertise to provide houseowners like you with an accurate assessment of your property’s current value. 

Connecting with us ensures you receive:

  • A customized Comparative Market Analysis pulling the latest comparable sales.
  • Precise pricing recommendations based on current market conditions. 
  • Guidance on how to prepare your house to maximize marketability and achieve top dollar.

We’re here to provide the clarity and confidence you need to price your Houston house right. Let’s connect to discuss your house’s value today!

To Discuss Your Home Sale or Purchase, Call or Text Today and Start Packing!