New - 4 days on Rocket
$3,622 Closing Credit¹
Mohammad Khatri, Listing Office: Roots Brokerage
Greater Hobby Area Housing Market Report December 2024•Harris County, Texas
Housing Prices in Greater Hobby Area, TX
How much do homes in Greater Hobby Area, TX cost?
Housing Market Conditions
Is Greater Hobby Area, TX a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Greater Hobby Area is a Seller's Market
Difference Since December 2023
Since last year, Greater Hobby Area has remained a Seller's Market.
Insight
Greater Hobby Area is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$254,950$151/SqFt
-$18,050
-6.6%
Based on all homes sold in the last 12 months
Insight
Homes in Greater Hobby Area have sold for 6.6% less than they did a year ago.
Summary: The median home sold price in Greater Hobby Area was $254,950 in December 2024, down 6.6% from last year, and the median price per square foot was $151.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Golfcrest / Bellfort / Reveille | $220.7K | $233.5K | +5.8% |
| Edgebrook Area | $212K | $220K | +3.8% |
| South Belt / Ellington | $260K | $253.7K | -2.4% |
| Southeast Houston | $239.8K | $232.7K | -3.0% |
| Greater Hobby Area | $273K | $254.9K | -6.6% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 22 Bedrooms | $380K | $105K | -72.4% |
| 33 Bedrooms | $245K | $245K | 0.0% |
| 11 Bedroom | $73K | - | N/A |
| 44 Bedrooms | $295K | $306.6K | +4.0% |
| 55+ Bedrooms | $300K | $512.5K | +70.8% |
Summary: Greater Hobby Area housing price by bedroom type for December 2024, compared to the previous year. The home price for 2 bedroom homes decreased by -72.4%. The home price for 3 bedroom homes did not change. The home price for 1 bedroom homes did not change. The home price for 4 bedroom homes increased by +4.0%. The home price for 5 bedroom homes increased by +70.8%.
Housing supply in Greater Hobby Area, TX
How many homes are available in Greater Hobby Area, TX?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 43Last MonthDec 2024 | ||
| 422 months agoNov 2024 | +2.4 % Change MoMNov – Dec |
Summary: The Greater Hobby Area real estate market had 43 homes for sale in Dec 2024, a 2.4 % increase compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 9Last MonthDec 2024 | ||
| 72 months agoNov 2024 | +28.6 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 22 Bedrooms | 5 | 5 | 0.0% |
| 33 Bedrooms | 20 | 24 | +20.0% |
| 11 Bedroom | 1 | 1 | 0.0% |
| 44 Bedrooms | 13 | 10 | -23.1% |
| 55+ Bedrooms | 3 | 3 | 0.0% |
Summary: Greater Hobby Area housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +20.0%. The inventory for 1 bedroom homes remained the same. The inventory for 4 bedroom homes decreased by -23.1%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Greater Hobby Area, TX cost?
Over Asking Price2 Homes
At Asking Price3 Homes
Under Asking Price4 Homes
Insight
If you're buying a home in Greater Hobby Area, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Greater Hobby Area in December 2024, up by 28.6% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and and 22% were sold over asking.
Days on Market for Greater Hobby Area, TX
How long does it take to sell a home in Greater Hobby Area, TX?
Breakdown of Home Sale Times
Under 30 Days6 Homes
30 – 90 Days1 Home
Over 90 Days2 Homes
Insight
Many homes in Greater Hobby Area are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 9 homes were sold in Greater Hobby Area; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 34 DaysThis YearDec 2024 | ||
| 112 Days1 year agoDec 2023 | -69.2 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Greater Hobby Area had an average listing age of 34 days in Dec 2024, down by 69.2% compared to the previous year.
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Newest Listings in Greater Hobby Area, TX
What homes are available in Greater Hobby Area, TX?
New - 4 days on Rocket
$4,619 Closing Credit¹
Matthew Gullo, Listing Office: Keller Williams Realty Metropolitan
New - 4 days on Rocket
Etha Eglin, Listing Office: Keller Williams Realty Metropolitan
New - 5 days on Rocket
$4,036 Closing Credit¹
Elizabeth Cencini, Listing Office: HOUSTON TOP REALTY
New - 5 days on Rocket
$2,613 Closing Credit¹
Gabrielle Sarrafian, Listing Office: HomeSmart
$3,907 Closing Credit¹
Mary Lopez, Listing Office: Lone Star Realty
Gissell Maldonado, Listing Office: Keller Williams Preferred
$2,197 Closing Credit¹
The-Trinh Nguyen, Listing Office: The Realty
$3,266 Closing Credit¹
Chloe Harper, Listing Office: eXp Realty LLC
$2,565 Closing Credit¹
Douglas Rodriguez, Listing Office: HomeSmart
$3,147 Closing Credit¹
Jose Moreno, Listing Office: Nan & Company Properties
$3,622 Closing Credit¹
Celeste Taylor-Velasco, Listing Office: Redfin Corporation
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MLS Disclaimers and Copyright
Based on information from Houston REALTORS® Information Service, for the period 01/01/2023 - 01/01/2025
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”. Copyright© 2025 Houston Realtors Information Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 1/19/2025, 9:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.