Roger Martin Properties' Market Report

Houston, TX 77006

Single-Family Homes

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



Houston, TX 77006

Fri May 09 2025
This week the median list price for Houston, TX 77006 is $1,125,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 77. 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

Market Narrative

While prices have recently plateaued, this is a buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Houston, TX 77006

Fri May 09 2025
This week the median list price for Houston, TX 77006 is $1,125,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 77. 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

Market Narrative

While prices have recently plateaued, this is a buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $1,125,000
Median Price of New Listings $1,349,900
Per Square Foot $389
Average Days on Market 155
Median Days on Market 84
Price Decreased 53%
Price Increased 3%
Relisted 22%
Inventory 77
Median Rent
Market Action 29
Slight Buyer's Advantage

In the last few weeks we’ve seen prices in this zip code bouncing around this 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
$2,050,000 4,337 6,500 - 8,000 sqft 3 4.5 20 1 0 84
$1,299,000 3,362 4,500 - 6,500 sqft 4 3.5 15 3 1 63
$1,045,000 2,857 4,500 - 6,500 sqft 3 3 95 0 0 126
$692,500 2,517 0 - 4,500 sqft 3 3.5 54 1 2 101