Roger Martin Properties' Market Report

Houston, TX 77006

Single-Family Homes

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


Houston, TX 77006

Mon Apr 06 2020
This week the median list price for Houston, TX 77006 is $685,000 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has held steady at or around 95. 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 been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Houston, TX 77006

Mon Apr 06 2020
This week the median list price for Houston, TX 77006 is $685,000 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has held steady at or around 95. 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 been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $685,000
Per Square Foot $263
Days on Market 216
Price Decreased 44%
Price Increased 5%
Relisted 27%
Inventory 95
Median Rent $2,650
Most Expensive $18,000,000
Least Expensive $399,000
Market Action 29
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
$1,495,000 4,400 4,500 - 6,500 sqft 4 4 4 3 2 205
$774,450 2,934 0 - 4,500 sqft 3 3 19 1 3 303
$649,900 2,548 0 - 4,500 sqft 3 3 2 0 1 230
$547,500 2,418 0 - 4,500 sqft 3 3 16 4 2 126