Roger Martin Properties' Market Report

Houston, TX 77006

Single-Family Homes

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



Houston, TX 77006

Mon Mar 01 2021
This week the median list price for Houston, TX 77006 is $729,900 with the market action index hovering around 28. This is an increase over last month's market action index of 27. Inventory has held steady at or around 83. 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 Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Houston, TX 77006

Mon Mar 01 2021
This week the median list price for Houston, TX 77006 is $729,900 with the market action index hovering around 28. This is an increase over last month's market action index of 27. Inventory has held steady at or around 83. 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 Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $729,900
Per Square Foot $268
Days on Market 112
Price Decreased 30%
Price Increased 8%
Relisted 30%
Inventory 83
Median Rent $2,500
Most Expensive $3,399,000
Least Expensive $389,000
Market Action 28
Slight Buyer's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,499,000 4,047 4,500 - 6,500 sqft 4 3 5 0 3 91
$799,000 3,022 0 - 4,500 sqft 3 3 17 1 1 119
$679,000 2,575 0 - 4,500 sqft 3 3 3 0 3 105
$566,500 2,486 0 - 4,500 sqft 3 3 8 1 0 182