September Real Estate Report Shows Balance

The Greater Houston housing market moved toward a more balanced position in September. Steady demand, easing prices and a robust supply of homes are helping the market settle into a more sustainable rhythm for both buyers and sellers.

According to the Houston Association of Realtors’ September 2025 Housing Market Update, single-family home sales rose 5.3 percent year-over-year. A total of 7,399 homes were sold compared to 7,025 last year. Pending sales, newly signed purchase contracts, also remained strong, signaling underlying market confidence from buyers.

Home prices reached their lowest levels since February. The median home price was $327,000, which is 2.1 percent less than last year’s figure. The average price inched up 2.0 percent to $421,655, largely due to a rise in luxury home sales in September.

Homes priced from $250,000 to $499,999, which accounted for more than 55 percent of all September sales, experienced a 1.3 percent decline in activity compared to the same time last year. All other price ranges recorded year-over-year sales growth.

Inventory remains at healthy levels across the Houston area. Active listings are still higher than this time last year, though month-to-month growth has begun to flatten. Months of inventory dipped slightly from August as a result of increased sales activity.

“The past few months have brought lower mortgage rates, and it has helped boost buyer confidence,” said HAR Chair Shae Cottar with LPT Realty. “We are mindful that economic uncertainty and the current government shutdown could impact the market in the weeks ahead—particularly since new National Flood Insurance Program policies cannot be issued right now. Even so, I believe the market is heading into the final months of 2025 on more balanced footing.”