Roger Martin Properties' Market Report

Houston, TX 77006

Single-Family Homes

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



Houston, TX 77006

Tue Mar 28 2023
This week the median list price for Houston, TX 77006 is $1,009,945 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has increased to 54. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Houston, TX 77006

Tue Mar 28 2023
This week the median list price for Houston, TX 77006 is $1,009,945 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has increased to 54. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $1,009,945
Median Price of New Listings $1,200,000
Per Square Foot $354
Average Days on Market 136
Median Days on Market 105
Price Decreased 39%
Price Increased 6%
Relisted 35%
Inventory 54
Median Rent
Market Action 33
Slight Seller's Advantage

We continue to see prices in this zip bounce around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.

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
$1,890,000 4,451 8,000 - 10,000 sqft 4 4.5 16 2 0 49
$1,325,000 3,686 4,500 - 6,500 sqft 4 4 10 2 0 168
$787,445 2,749 0 - 4,500 sqft 3 3 52 0 1 108
$654,000 2,641 0 - 4,500 sqft 3 3.5 21 3 1 133