Roger Martin Properties' Market Report

Houston, TX 77030

Single-Family Homes

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



Houston, TX 77030

Sun Jun 24 2018
This week the median list price for Houston, TX 77030 is $1,087,450 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 48. 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 Buyer's Advantage

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market, this price trend may be a result of improved quality of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Houston, TX 77030

Sun Jun 24 2018
This week the median list price for Houston, TX 77030 is $1,087,450 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 48. 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 Buyer's Advantage

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market, this price trend may be a result of improved quality of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $1,087,450
Per Square Foot $349
Days on Market 117
Price Decreased 44%
Price Increased 0%
Relisted 8%
Inventory 48
Median House Rent $2,775
Most Expensive $3,400,000
Least Expensive $482,500
Market Action Index
Slight Buyer's Advantage
29

Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.

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
$2,382,000 5,365 0.25 - 0.5 acre 4 4 5 0 0 220
$1,320,500 4,103 6,500 - 8,000 sqft 4 3 11 2 0 69
$924,000 3,107 8,000 - 10,000 sqft 4 2 70 1 2 96
$689,000 2,295 4,500 - 6,500 sqft 3 3 67 3 1 81