Roger Martin Properties' Market Report
Houston, TX 77006
Single-Family Homes
www.rogermartinproperties.com | 713-661-2300 | roger@rogermartin.com
Houston, TX 77006
Fri Nov 15 2019
This week the median list price for Houston, TX 77006 is $699,000 with the market action index hovering around 25. This is about the same as last month's market action index of 25. Inventory has held steady at or around 130.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
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 | $699,000 | |
| Per Square Foot | $263 | |
| Days on Market | 185 | |
| Price Decreased | 51% | |
| Price Increased | 0% | |
| Relisted | 25% | |
| Inventory | 130 | |
| Median Rent | $2,625 | |
| Most Expensive | $6,495,000 | |
| Least Expensive | $344,000 | |
| Market Action | 25 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $1,410,000 | 4,301 | 4,500 - 6,500 sqft | 4 | 4 | 18 | 1 | 1 | 228 |
| $807,000 | 2,981 | 0 - 4,500 sqft | 3 | 3 | 6 | 1 | 0 | 224 |
| $669,000 | 2,575 | 0 - 4,500 sqft | 3 | 3 | 5 | 3 | 4 | 172 |
| $539,000 | 2,412 | 0 - 4,500 sqft | 3 | 3 | 12 | 0 | 1 | 116 |