Roger Martin Properties' Market Report

Houston, TX 77006

Single-Family Homes

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



Houston, TX 77006

Tue May 18 2021
This week the median list price for Houston, TX 77006 is $720,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has increased to 90. 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

Tue May 18 2021
This week the median list price for Houston, TX 77006 is $720,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has increased to 90. 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 $720,000
Median Price of New Listings $717,500
Per Square Foot $266
Average Days on Market 129
Median Days on Market 63
Price Decreased 30%
Price Increased 7%
Relisted 9%
Inventory 90
Median Rent $2,740
Market Action 32
Slight Seller'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
$1,487,450 4,073 4,500 - 6,500 sqft 4 4 9 2 3 73
$792,000 3,068 0 - 4,500 sqft 3 3 11 3 2 49
$692,400 2,644 0 - 4,500 sqft 3 3 8 1 1 56
$587,000 2,576 0 - 4,500 sqft 3 3 13 4 2 91