Houston’s townhome and condominium market is often reported as one segment, and in September it was the softer side of the housing market. HAR’s September 2026 Housing Market Update showed fewer sales, lower prices and a longer supply of homes than a year earlier. Here is what the numbers show and what they may mean for buyers, sellers and investors.
September at a glance
- Sales: 323 townhomes and condominiums sold, down 21.0% from September 2025.
- Average price: $261,052, down 4.6%.
- Median price: $209,000, down 9.1%.
- Active listings: 3,609, up 6.9%.
- Months of inventory: 9.3, up from 8.0 a year earlier.
- Pending sales: 370, down 15.9% from 440.
How it compares with single-family homes
Single-family sales fell 5.7% to 7,030, while the median price was essentially unchanged at $325,000. Single-family inventory rose from 5.1 to 5.5 months, and homes took an average of 58 days to sell, compared with 56 days a year earlier. HAR notes that the national supply was 4.8 months, according to the National Association of Realtors. At 9.3 months, townhomes and condominiums have far more supply relative to sales than single-family homes; analysts often treat about six months as a balanced market.
What this means for you
If you are buying: more choice and slower sales can give you room to negotiate on price, closing costs or repairs. Look past the sticker price, though. Ask for the association’s dues, what they cover, its budget and reserves, any planned special assessments, and its insurance, because those costs affect your monthly payment and can affect what a lender will approve. A pre-approval helps; see our pre-approval checklist.
If you are selling: with more units competing for fewer buyers, price against recent closed sales in your own building or community, not only against asking prices, and be ready to show the association’s documents early.
If you are investing: softer prices can improve the starting yield, but dues, assessments and vacancy can erase it. Compare net operating income, not just rent, and check whether the association limits rentals.
For the full picture, read our September 2026 market report and the earlier summer 2026 townhome and condo report, browse the market reports, or contact the office to talk with an agent who works in your part of Houston.
Sources: HAR Monthly Housing Update and MLS Sales Activity, September 2026 (published October 14, 2026). HAR’s townhome and condominium figures are for the Greater Houston area as recorded in the MLS. Photo: Sahmeditor, CC BY-SA 4.0, via Wikimedia Commons.
