Houston Housing Market

More homes are hitting the market, giving buyers greater choice and bargaining power. At the same time, higher borrowing costs and affordability concerns are keeping demand and price growth in check.

Houston's housing market remained stable in June, with 8,379 homes sold, unchanged from a year ago. While sales remain below pandemic-era highs, June marked the strongest monthly total in more than a year.

Higher mortgage rates, insurance costs, and ownership expenses continue to challenge buyers. Even so, Houston remains one of the fastest-growing major U.S. metros. The population is approaching 8 million, fueled by domestic and international migration, with much of the growth concentrated in fast-expanding suburban communities north and west of Houston.

The local economy is also supporting housing demand. While energy remains important, healthcare, technology, and logistics are contributing to job growth.

Houston's relative affordability remains a competitive advantage. With a median home price of roughly $347,000, the market remains significantly less expensive than many large U.S. metros and about 15% below the national median home price.

The biggest shift in Houston's housing market is the growing number of homes available for sale. Inventory reached a record 40,715 homes, up 7.5% year over year. New listings rose 13.5% from a year ago to 15,002 homes, helping sustain inventory growth.

As supply increases, buyers have gained flexibility. Homes now spend a median of 57 days on the market, compared with roughly 42 days in 2022 when inventory was scarce and bidding wars were common. More homeowners are also choosing to sell despite giving up historically low mortgage rates.

The market is less competitive than in recent years.

Despite the increase in inventory, home prices have remained stable. The median sales price slipped 0.3% from a year ago.

With more homes to choose from and fewer bidding wars, buyers have gained leverage while sellers have less room to raise prices. Strong demand for luxury homes has also helped support overall pricing.

Flat prices, rising inventory, and longer selling times point to a more balanced market.

The median home sale price in Houston decreased by 0.3% compared to the same time last year, while the national median price rose by 1.5%.

Houston median home prices decreased by $970 year over year on a nominal basis in June to $347,000. Meanwhile, the national median home price increased by $6,000 to $401,000.

Performance was mixed across major Texas metros. Year-over-year home prices declined 0.3% in both Dallas-Fort Worth and Houston, while San Antonio posted a 1.5% increase and Austin edged up 0.1%.

Houston was the 33rd highest-priced housing market among the top 40 largest markets last month. The Houston median home price of $347,000 was 13.5% below the national median home price. Houston's median home price in June compares to the market's peak of $354,740 recorded in June of 2022.

The median price of Houston single-family homes remained $350,000 over the past year, while the median townhome price grew by 3.6%, and the median condo price fell by 7.2%.

The number of homes for sale in Houston increased by 7.5% in June compared to the same time last year, while national homes for sale rose by 4.2%.

Houston homes for sale rose by 2,849 year over year in June to 40,715 homes for sale. Houston ranked 19th, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in June.

Houston homes for sale were above their pre-pandemic levels in the month of June. Houston homes for sale were 1.9% above the June 2019 total of 39,968.

Housing inventory trends have diverged across Texas as markets move beyond the tight conditions that defined the post-pandemic period. Houston was the only major metro to record year-over-year inventory growth, with active listings rising 7.5%. In contrast, inventory declined 0.9% in San Antonio and 5.1% in both Dallas–Fort Worth and Austin.

Houston single-family homes for sale grew by 7.1% to 36,047 in June. In comparison, townhomes for sale rose by 12.5% to 2,146, and condos for sale increased by 9.4% to 2,522.

The number of home sales in Houston increased by 0.4% in June compared to the same time last year, while national home sales rose by 6.1%.

Houston home sales increased by 36 year over year on a nominal basis in June to 8,379. For context, 8,343 sales closed in Houston in June 2025.

Houston ranked 33rd for the annual change in home sales out of the top 40 U.S. markets in June on a percentage basis. This year's June increase of 0.4% compares to the 8.7% year over year increase in June 2025.

Houston single-family sales increased by 0.9% in June to 7,872. In comparison, townhome sales fell by 5.3% to 301, and condo sales fell by 8.0% to 206.

For questions and commentary about this report:

Itziar Aguirre, Senior Director of Market Analytics at CoStar and Homes.com, based in Houston, is available for interviews to provide expert insights on this data and the broader residential real estate market.

Itziar Aguirre, Senior Director of Market Analytics

Homes.com

iaguirre@costar.com

Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all home sales are accounted for, they provide an early indication of home sale price appreciation, inventory changes, and sales volume during June 2026.

For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.

Definition of Sale Prices

Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Inventory

Inventory is the number of unique active listings that were for sale during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Home Sales

The total number of closed home sales on the MLS during the month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

About the Homes.com Market Analytics Team

The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.

About Homes.com Analytics Data

The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.

The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.