Houston sellers blinked: the biggest price cuts this week
Homes whose asking price came down hardest, leverage points for buyers.
Houston sellers are blinking. 12 active listings cut their asking price, totaling $1,039,005 shaved off original asks.
The largest percentage cut: 3400 Timmons, now $147,500 after a 20.6% reduction from $185,755. The biggest dollar cut went to 3467 Ella Lee. $501,000 off the original ask.
1 of the 12 were originally over $1M. the high end is where pricing pressure is concentrated right now. Geographically, Summit Court Condo leads. 2 of the 12 cuts came from there.
For buyers, these are leverage points. sellers who've already adjusted once are more likely to adjust again at the negotiating table.
How Houston prices break down right now.
- <$250k3327%
- $250 to 500k1210%
- $500 to 750k1815%
- $750k to 1M1311%
- $1M+4638%
Ranked by percentage cut.
- 1
$147,500▼ 20.6%$38,255 off3400 TimmonsHouston, TX2 beds · 2 baths · 844 sq ft· 157 days on marketReal Broker, LLC - 2
$200,000▼ 20.0%$50,000 off2829 Timmons LnHouston, TX2 beds · 2 baths · 1,226 sq ft· 190 days on marketFrazier & Frazier Real Estate - 3
$514,350▼ 19.0%$120,650 off6 Briar DaleHouston, TX· 345 days on marketMan-Edge Properties - 4
$249,000▼ 13.8%$40,000 off4040 San FelipeHouston, TX2 beds · 3 baths · 1,380 sq ft· 56 days on marketCompass RE Texas, LLC - Houston - 5
$129,900▼ 10.4%$15,100 off3224 TimmonsHouston, TX1 bed · 1 bath · 625 sq ft· 235 days on marketVylla Home - 6
$225,000▼ 10.0%$25,000 off4515 Briar HollowHouston, TX2 beds · 4 baths · 1,445 sq ft· 96 days on marketUGM Realty LLC - 7
$699,000▼ 9.8%$76,000 off4521 San FelipeHouston, TX2 beds · 3 baths · 1,573 sq ft· 281 days on marketPromark Realty Group - 8
$4,999,000▼ 9.1%$501,000 off3467 Ella LeeHouston, TX4 beds · 5 baths · 6,308 sq ft· 52 days on marketWheless Realty - 9
$130,500▼ 9.1%$13,000 off3224 TimmonsHouston, TX2 beds · 2 baths · 975 sq ft· 20 days on marketCompass RE Texas, LLC - Austin - 10
$775,000▼ 8.3%$70,000 off26 StalynnHouston, TX3 beds · 4 baths · 3,457 sq ft· 95 days on marketMy Castle Realty - 11
$530,000▼ 7.0%$40,000 off2211 BriarglenHouston, TX2 beds · 2 baths · 1,555 sq ft· 214 days on marketGreenwood King Properties - Kirby Office - 12
$689,000▼ 6.8%$50,000 off20 StalynnHouston, TX3 beds · 3 baths · 3,616 sq ft· 68 days on marketNaponic Properties
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