Houston Real Estate Weekly Market Update

Welcome to this week’s Houston Real Estate Market Update! Whether you’re a buyer, seller, or just keeping tabs on the market, here’s everything you need to know to stay ahead.

📊 Market at a Glance:

• Median Home Price: $347,000 (up 2.8% from last month)

• Average Days on Market: 45 days (a slight increase from December’s 40 days)

• New Listings: 2,709 homes hit the market this week, providing fresh opportunities for buyers.

• Pending Sales: 1,742 homes are currently under contract, showing consistent buyer activity.

🔥 What’s Trending?

1. Sellers Preparing for the Spring Market:

As January winds down, more sellers are preparing their homes to hit the market ahead of the traditionally busy spring season. If you’re planning to sell, now is a good time to get your property market-ready.

2. Buyers Watching Mortgage Rates Closely:

With the 30-year fixed mortgage rate currently at 7.05% (according to Mortgage News Daily), many buyers are eager to lock in rates before any potential increases. Demand remains particularly high in the $300,000–$450,000 price range, making this a competitive market segment.

3. Suburban Growth Continues:

Suburbs such as Cypress, Katy, and The Woodlands are still seeing strong demand. Families looking for larger homes and access to quality schools are driving the growth in these areas.

🏡 Neighborhood Spotlight: Cypress

This week’s neighborhood spotlight is on Cypress — a thriving suburb northwest of Houston that continues to attract families and professionals alike.

• New Listings: The area has seen a steady influx of new properties, providing diverse options for potential buyers.

• Average Home Price: Homes in Cypress offer good value, with prices varying based on the neighborhood and property features.

With its excellent schools, abundant recreational amenities, and strong sense of community, Cypress combines suburban tranquility with urban accessibility, making it a highly desirable location for homebuyers.

💡 Buyer Tip of the Week:

Act Fast on Well-Priced Homes!

In popular price ranges, homes can receive multiple offers quickly. To improve your chances of securing the property you want:

• Get Pre-Approved: Pre-approval from your lender not only streamlines your home search but also makes you a more attractive buyer to sellers.

• Stay Alert: Work with a trusted real estate professional who can help you spot new listings and act swiftly.

💬 Curious About Your Home’s Value?

Houston’s real estate market is dynamic and varies significantly by neighborhood. If you’re wondering what your home might be worth or are considering buying, contact Alaina for a personalized market analysis and expert advice.

Stay tuned for next week’s update, and don’t forget to follow for more insights to help you navigate Houston’s real estate market with confidence!