Market Intelligence Report — TX-420

Houston-Pasadena-The Woodlands, TX

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-TX-09
As of the latest 2026 data
Cooling

Median Listing

$354K
-1.7% YoY

Pending Ratio

0.26
-2.9% YoY

Active Inventory

35,898
+5.3% YoY

Median DOM

55 Days
-0.9% YoY

Primary Intelligence Tool — Sold Score™

Will your home sell in today's cooling Houston-Pasadena-The Woodlands market?

Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Houston-Pasadena-The Woodlands, TX.

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The Houston-Pasadena-The Woodlands market currently exhibits cooling conditions, characterized by a pending ratio of 0.26. This metric indicates that approximately one-quarter of active inventory is currently under contract, reflecting a moderation in demand absorption. The median listing price has also registered a year-over-year decline of 1.7%.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

4.6%-0.2 pp YoY

Unemployment rate · Sep 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

7.90M+1.6% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

3,651-28.7% YoY

Building permits (private housing units) · Sep 2026

Shows whether future inventory pressure may increase.

U.S. Census Bureau building permits via FRED (St. Louis Fed).

Market Analysis

What's moving the Houston-Pasadena-The Woodlands market right now.

Active listings have expanded by 5.3% over the past year, alongside a 4.3% increase in new listings, contributing to an expanding supply environment. Concurrently, the pending ratio has experienced a 2.9% year-over-year decline, signaling a decelerated pace of demand relative to the prior period. Median listing prices have softened by 1.7% year-over-year, while the median price per square foot also contracted by 2.2%.

Historical Analysis

Market Trends

Median Price

$354K-1.4% MoM

Active Inventory

35,898+5.3% YoY

Days on Market

55-0.9% YoY

Sold Score™

41-2.9% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

41
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The current market dynamics suggest that buyers possess increased leverage, as evidenced by the elevated inventory levels and a slower pace of transactions. Sellers may need to demonstrate greater price discipline, with over 20% of listings having undergone a price reduction, indicating a need to adjust expectations to prevailing demand. The expanding inventory creates an environment where transaction timelines may extend, and competitive offers may be less common.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

35,898 active listings represent the current floor, with new supply arriving at roughly 9,000 per month.

Pricing Pressure
20.2%

of active listings carry a price reduction, +0.4% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -2.2% year-over-year.

Absorption
0.26

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Houston-Pasadena-The Woodlands, TX? Buyer Demand Index is running at 26%.

Buyers have leverage in Houston-Pasadena-The Woodlands, TX. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
26%
Median Days on Market
55 days
Inventory YoY
+5%

In a buyer's market, strategy beats timing. See how your home scores in Houston-Pasadena-The Woodlands, TX and what moves the number.

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Metro Demographics

Metro Area
Houston-Pasadena-The Woodlands, TX
CBSA Code
26420
State
TX

ZIPs in Houston-Pasadena-The Woodlands, TX

Sorted by active inventory · click a ZIP for its full report