Roger Martin Properties' Market Report

Houston, TX 77030

Single-Family Homes

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


Houston, TX 77030

Fri Apr 19 2019
This week the median list price for Houston, TX 77030 is $1,047,000 with the market action index hovering around 30. This is an increase over last month's market action index of 29. Inventory has held steady at or around 40. Click here to stay informed with the Houston market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. While still a Buyer's market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller's Market.

Houston, TX 77030

Fri Apr 19 2019
This week the median list price for Houston, TX 77030 is $1,047,000 with the market action index hovering around 30. This is an increase over last month's market action index of 29. Inventory has held steady at or around 40. Click here to stay informed with the Houston market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. While still a Buyer's market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller's Market.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $1,047,000
Per Square Foot $359
Days on Market 131
Price Decreased 35%
Price Increased 0%
Relisted 13%
Inventory 40
Median House Rent $2,400
Most Expensive $2,675,000
Least Expensive $580,000
Market Action Index
Slight Seller's Advantage 		30

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$2,186,975 5,081 6,500 - 8,000 sqft 4 4 4 2 0 202
$1,295,000 3,762 8,000 - 10,000 sqft 4 4 49 0 2 119
$875,000 2,629 8,000 - 10,000 sqft 3 2 78 1 2 141
$688,500 1,807 4,500 - 6,500 sqft 3 2 74 1 2 63