Weekly Housing Market Report - Houston, Texas - Week 3: January 12 - January 18, 2025

Written By J. Wade Purdy

Houston Housing Market Overview

Market Appreciation or Depreciation

The median closed price for homes in Houston during Week 3 of 2025 was $305,000, reflecting a decrease from $309,710 in Week 2 and $330,000 in Week 1.

Median Days on Market (DOM)

  • Sales: The median Days on Market (DOM) for closed sales was 27 days, decreasing from 34 days in Week 2.

List Price Trends

  • The median list price for homes sold in Week 3 was $315,000, slightly decreasing from $317,457.50 in Week 2.

Seller Concessions Over $1

  • Percentage of Sales with Concessions: 40.8% (↑ from 37.2% in Week 2)

  • Minimum Concession: $500 (Same as Week 2)

  • Maximum Concession: $25,500 (↓ from $30,907 in Week 2)

  • Median Concession: $7,000 (↑ from $5,475 in Week 2)

Legal Disclaimer

The information provided in this blog post is for informational purposes only and should not be considered financial, legal, or real estate advice. Readers are encouraged to conduct their own research and consult with a licensed real estate professional before making any property-related decisions.

#HoustonRealEstate #HoustonHousingMarket #PurdyAppraisal #HomeValues2025

J. Wade Purdy https://www.purdyappraisal.com
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