Roger Martin Properties' Market Report

Houston, TX 77006

Single-Family Homes

www.rogermartinproperties.com | 713-661-2300 | roger@rogermartin.com



Houston, TX 77006

Thu Dec 01 2022
This week the median list price for Houston, TX 77006 is $844,900 with the market action index hovering around 34. This is an increase over last month's market action index of 31. Inventory has decreased to 71. Click here to stay informed with the Houston market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Houston, TX 77006

Thu Dec 01 2022
This week the median list price for Houston, TX 77006 is $844,900 with the market action index hovering around 34. This is an increase over last month's market action index of 31. Inventory has decreased to 71. Click here to stay informed with the Houston market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $844,900
Median Price of New Listings $759,900
Per Square Foot $313
Average Days on Market 119
Median Days on Market 63
Price Decreased 52%
Price Increased 1%
Relisted 15%
Inventory 71
Median Rent
Market Action 34
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,890,000 4,451 6,500 - 8,000 sqft 4 4.5 53 1 0 63
$1,072,450 2,988 4,500 - 6,500 sqft 3 2.8 92 0 1 80
$754,950 2,791 0 - 4,500 sqft 3 3.5 44 2 4 63
$589,500 2,418 0 - 4,500 sqft 3 3.5 20 0 4 73