Roger Martin Properties' Market Report

Houston, TX 77006

Single-Family Homes

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



Houston, TX 77006

Mon Jan 24 2022
This week the median list price for Houston, TX 77006 is $719,950 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has decreased 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Houston, TX 77006

Mon Jan 24 2022
This week the median list price for Houston, TX 77006 is $719,950 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has decreased 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $719,950
Median Price of New Listings $514,900
Per Square Foot $276
Average Days on Market 176
Median Days on Market 147
Price Decreased 33%
Price Increased 9%
Relisted 26%
Inventory 54
Median Rent $1,600
Market Action 33
Slight Seller'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
$1,899,000 3,222 6,500 - 8,000 sqft 3 3.5 97 0 1 112
$967,000 3,203 0 - 4,500 sqft 3 3.5 9 1 2 126
$677,450 2,482 0 - 4,500 sqft 3 2.5 84 0 1 171
$597,450 2,514 0 - 4,500 sqft 3 3.5 5 2 6 182