Roger Martin Properties' Market Report
Houston, TX 77006
Single-Family Homes
www.rogermartinproperties.com | 713-661-2300 | roger@rogermartin.com
Houston, TX 77006
Tue Jul 17 2018
This week the median list price for Houston, TX 77006 is $827,500 with the market action index hovering around 27. This is less than last month's market action index of 28. Inventory has held steady at or around 120.
Market Action Index
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
| Today |
| Last Month |
Slight Buyer's Advantage
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Real-Time Market Profile
| Median List Price | $827,500 | |
| Per Square Foot | $295 | |
| Days on Market | 119 | |
| Price Decreased | 36% | |
| Price Increased | 6% | |
| Relisted | 18% | |
| Inventory | 120 | |
| Median House Rent | $2,800 | |
| Most Expensive | $6,870,000 | |
| Least Expensive | $368,500 | |
|
Market Action Index
Slight Buyer's Advantage |
27 |
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 |
|---|---|---|---|---|---|---|---|---|
| $1,599,000 | 4,303 | 4,500 - 6,500 sqft | 4 | 4 | 11 | 3 | 2 | 147 |
| $899,900 | 3,222 | 0 - 4,500 sqft | 3 | 3 | 3 | 3 | 1 | 150 |
| $726,750 | 2,849 | 0 - 4,500 sqft | 3 | 3 | 5 | 2 | 2 | 76 |
| $547,000 | 2,313 | 0 - 4,500 sqft | 3 | 2 | 16 | 3 | 4 | 105 |