Monica Foster Team of eXp Realty

Friendswood, TX 77546

Single-Family Homes

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Friendswood, TX 77546

Thu Dec 08 2022
This week the median list price for Friendswood, TX 77546 is $471,995 with the market action index hovering around 41. This is less than last month's market action index of 44. Inventory has increased to 112. Click here to stay informed with the Friendswood market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Friendswood, TX 77546

Thu Dec 08 2022
This week the median list price for Friendswood, TX 77546 is $471,995 with the market action index hovering around 41. This is less than last month's market action index of 44. Inventory has increased to 112. Click here to stay informed with the Friendswood market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Friendswood market.
Median List Price $471,995
Median Price of New Listings $417,000
Per Square Foot $165
Average Days on Market 90
Median Days on Market 70
Price Decreased 55%
Price Increased 1%
Relisted 12%
Inventory 112
Median Rent
Market Action 41
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. 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
$1,654,500 4,513 1 - 2.5 acres 4 4 21 2 2 70
$567,000 3,478 0.25 - 0.5 acre 4 3.5 27 5 2 70
$376,950 2,462 8,000 - 10,000 sqft 4 2.5 36 3 3 56
$272,500 1,864 6,500 - 8,000 sqft 3 2 46 4 4 56