Despite rising mortgage rates, Houston's housing market experienced modest growth in 2024, with single-family home sales increasing by 1.3% to over 85,000. December saw a 16.3% year-over-year rise in single-family home sales, particularly in the luxury segment, which surged by 64.6%. Total property sales rose 13.6% to 8,478 units, and the total dollar volume increased by 20.5% to $3.5 billion. The median price for single-family homes rose 1.3% to $334,290, while the townhome/condominium market faced declining sales.