Roger Martin Properties' Market Report
Houston, TX 77030
Single-Family Homes
www.rogermartinproperties.com | 713-661-2300 | roger@rogermartin.com
Houston, TX 77030
Thu Dec 01 2022
This week the median list price for Houston, TX 77030 is $1,050,000 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has increased to 24.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Real-Time Market Profile
| Median List Price | $1,050,000 | |
| Median Price of New Listings | $1,970,000 | |
| Per Square Foot | $355 | |
| Average Days on Market | 101 | |
| Median Days on Market | 67 | |
| Price Decreased | 46% | |
| Price Increased | 4% | |
| Relisted | 17% | |
| Inventory | 24 | |
| Median Rent | ||
| Market Action | 30 | |
| Slight Seller's Advantage | ||
Prices in this zip code have been on a downward trend recently 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 |
|---|---|---|---|---|---|---|---|---|
| $2,174,500 | 5,588 | 6,500 - 8,000 sqft | 4 | 4.5 | 0 | 1 | 0 | 56 |
| $1,475,000 | 2,948 | 6,500 - 8,000 sqft | 4 | 3 | 72 | 1 | 0 | 77 |
| $839,500 | 2,725 | 4,500 - 6,500 sqft | 3 | 3.5 | 41 | 0 | 0 | 112 |
| $680,000 | 2,664 | 6,500 - 8,000 sqft | 3 | 2.8 | 77 | 0 | 1 | 80 |