Roger Martin Properties' Market Report

Houston, TX 77030

Single-Family Homes

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



Houston, TX 77030

Wed Nov 25 2020
This week the median list price for Houston, TX 77030 is $1,182,500 with the market action index hovering around 31. This is less than last month's market action index of 33. Inventory has held steady at or around 32. 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 Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Houston, TX 77030

Wed Nov 25 2020
This week the median list price for Houston, TX 77030 is $1,182,500 with the market action index hovering around 31. This is less than last month's market action index of 33. Inventory has held steady at or around 32. 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 Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 Houston market.
Median List Price $1,182,500
Per Square Foot $325
Days on Market 152
Price Decreased 44%
Price Increased 3%
Relisted 31%
Inventory 32
Median Rent $3,500
Most Expensive $2,400,000
Least Expensive $595,000
Market Action 31
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
$1,672,500 4,985 8,000 - 10,000 sqft 4 4 9 1 0 194
$1,364,475 4,235 6,500 - 8,000 sqft 4 4 12 2 0 91
$881,450 2,693 6,500 - 8,000 sqft 4 3 73 0 2 189
$659,900 2,591 6,500 - 8,000 sqft 3 2 71 1 0 130