Roger Martin Properties' Market Report

Houston, TX 77006

Single-Family Homes

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



Houston, TX 77006

Mon Nov 23 2020
This week the median list price for Houston, TX 77006 is $699,000 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 90. 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

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Houston, TX 77006

Mon Nov 23 2020
This week the median list price for Houston, TX 77006 is $699,000 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 90. 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

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $699,000
Per Square Foot $264
Days on Market 159
Price Decreased 49%
Price Increased 0%
Relisted 14%
Inventory 90
Median Rent $2,550
Most Expensive $2,650,000
Least Expensive $475,000
Market Action 29
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
$1,262,500 4,101 4,500 - 6,500 sqft 4 3 14 2 2 254
$772,000 2,851 0 - 4,500 sqft 3 3 82 2 0 119
$659,500 2,549 0 - 4,500 sqft 3 3 8 2 2 138
$549,000 2,364 0 - 4,500 sqft 3 3 18 1 4 125