Short answer: Houston home prices are flat to slightly down, not crashing. The Greater Houston median single-family price was $330,000 in August 2026, down 1.5% from a year earlier, while the average price was up 1.2%. Some areas are dipping and others are still rising. What's really changed is that buyers have more choices and more negotiating power.
The latest Houston numbers
From the Houston Association of REALTORS® (HAR), August 2026, single-family homes:
- Median price: $330,000 (−1.5% year over year)
- Average price: $426,760 (+1.2%)
- Homes sold: 7,100 (−11.5%)
- Months of inventory: 5.3 (same as a year ago)
- Days on market: 54 (up from 52)
A small drop in the median alongside a rise in the average suggests prices are holding steady overall, with the mix of homes selling shifting a bit.
Prices by area: some down, some up
| Area | Change vs. last year |
|---|---|
| Clear Lake (77062) | +8.3% |
| Clear Lake (77059) | +6.5% |
| La Porte | +5.6% |
| Manvel | +5.0% |
| Pasadena | +2.0% |
| Deer Park | +1.9% |
| Pearland | −0.8% |
| Sugar Land | −1.1% |
| Houston (city) | −2.8% |
| Channelview | −5.8% |
Source: Redfin median sale price data, June–August 2026.
See full prices by city in our Houston-area home price report.
Why prices have leveled off
- Higher mortgage rates. The 30-year average was 7.28% on Oct. 1, 2026, up from 6.34% a year earlier. Higher payments limit what buyers can spend.
- More homes for sale. Nearly 39,000 active listings means buyers can be choosy.
- Higher insurance and tax costs make the total monthly payment more expensive in Houston.
Why prices aren't crashing
- Homeowners have strong equity and most have fixed-rate loans, so there's little forced selling.
- Houston keeps growing, which supports long-term housing demand.
- Inventory is balanced, not flooded. At 5.3 months, Houston is near a balanced market, not a glut.
Want the bigger picture? Read will the housing market crash in 2026?
What this means for you
- Buyers: You have room to negotiate on price, repairs and closing costs. Don't wait for a crash that may not come. See is now a good time to buy?
- Sellers: Pricing right matters more than ever. See is now a good time to sell?
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Data from HAR (August 2026), Redfin (summer 2026) and Freddie Mac (Oct. 1, 2026). Market conditions change monthly.
