Roger Martin Properties' Market Report
Houston, TX 77030
Single-Family Homes
www.rogermartinproperties.com | 713-661-2300 | roger@rogermartin.com
Houston, TX 77030
Wed Mar 20 2019
This week the median list price for Houston, TX 77030 is $1,099,000 with the market action index hovering around 29. This is an increase over last month's market action index of 27. Inventory has held steady at or around 39.
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
Home sales have been exceeding new inventory for several weeks. While still a Buyer’s market, prices seem to have already started to respond. If the trend continues, expect prices to keep marching upward.
Real-Time Market Profile
| Median List Price | $1,099,000 | |
| Per Square Foot | $354 | |
| Days on Market | 144 | |
| Price Decreased | 44% | |
| Price Increased | 3% | |
| Relisted | 26% | |
| Inventory | 39 | |
| Median House Rent | ||
| Most Expensive | $2,675,000 | |
| Least Expensive | $465,000 | |
| Market Action Index Slight Buyer's Advantage | 29 |
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 |
|---|---|---|---|---|---|---|---|---|
| $2,275,000 | 5,025 | 6,500 - 8,000 sqft | 4 | 4 | 3 | 2 | 0 | 193 |
| $1,287,500 | 3,888 | 8,000 - 10,000 sqft | 4 | 4 | 49 | 3 | 0 | 112 |
| $875,000 | 2,878 | 8,000 - 10,000 sqft | 4 | 2 | 78 | 1 | 0 | 171 |
| $649,000 | 2,019 | 4,500 - 6,500 sqft | 3 | 2 | 67 | 0 | 0 | 106 |