Weekly Houston Market Update: What's Happening in Real Estate? (January 27–February 2, 2025)

Welcome to this week’s Houston Real Estate Market Update, where we break down the latest trends, numbers, and insights to keep you informed and ahead of the curve. Whether you’re a buyer, seller, or just curious about the market, here’s what you need to know!

📊 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: 1,820 homes hit the market this week, offering fresh inventory for buyers.
• Pending Sales: 1,275 homes are currently under contract.

🔥 What’s Trending?

1. Sellers Preparing for Spring:
   As January wraps up, more sellers are preparing to list their homes ahead of the spring market rush. If you’re thinking of selling, now’s the time to get your property market-ready.

2. Buyers Watching Mortgage Rates Closely:
   Mortgage rates remain steady at 6.5%, but buyers are eager to lock in rates before any increases later this year. Demand remains strong, especially in the $300,000–$450,000 range.

3. Suburban Growth Still Dominates:
   Suburbs like Cypress, Katy, and The Woodlands continue to see a rise in demand, with families prioritizing larger homes and access to top schools.

🏘️ Neighborhood Spotlight: Jersey Village

This week, Jersey Village stands out as an up-and-coming hotspot. With new listings up 12% and an average home price of $320,000, this area offers great value for buyers looking for a strong sense of community and proximity to downtown Houston.

💡 Tip of the Week for Buyers

Act fast on well-priced homes!
With competition heating up in popular price ranges, be ready to submit offers quickly on homes you love. Pre-approval from your lender can help you stand out in a competitive market.

Curious About Your Home’s Value?

Houston’s market is dynamic and hyper-local. If you’re wondering how much your home is worth or are thinking about buying, let’s connect! 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 tips and insights to help you navigate Houston’s real estate market with confidence!