Roger Martin Properties' Market Report

Houston, TX 77006

Single-Family Homes

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



Houston, TX 77006

Fri Jul 01 2022
This week the median list price for Houston, TX 77006 is $849,000 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has increased to 49. 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

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Houston, TX 77006

Fri Jul 01 2022
This week the median list price for Houston, TX 77006 is $849,000 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has increased to 49. 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

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $849,000
Median Price of New Listings $792,450
Per Square Foot $329
Average Days on Market 108
Median Days on Market 35
Price Decreased 29%
Price Increased 0%
Relisted 8%
Inventory 49
Median Rent
Market Action 44
Slight Seller's Advantage

Prices in this zip code have been on a downward trend in the last few weeks and this week, while essentially flat, doesn’t break us out of that cycle.

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
$1,775,000 4,317 6,500 - 8,000 sqft 4 3.5 82 0 1 56
$1,005,400 3,147 0 - 4,500 sqft 3 3.5 18 2 2 42
$744,444 2,383 0 - 4,500 sqft 3 3.3 29 1 3 35
$672,384 2,355 0 - 4,500 sqft 3 3.5 19 1 2 21