Roger Martin Properties' Market Report

Houston, TX 77030

Single-Family Homes

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



Houston, TX 77030

Tue Jul 17 2018
This week the median list price for Houston, TX 77030 is $1,087,000 with the market action index hovering around 32. This is an increase over last month's market action index of 30. Inventory has held steady at or around 39. 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 continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Houston, TX 77030

Tue Jul 17 2018
This week the median list price for Houston, TX 77030 is $1,087,000 with the market action index hovering around 32. This is an increase over last month's market action index of 30. Inventory has held steady at or around 39. 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 continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $1,087,000
Per Square Foot $328
Days on Market 116
Price Decreased 41%
Price Increased 0%
Relisted 10%
Inventory 39
Median House Rent $2,763
Most Expensive $2,999,999
Least Expensive $472,000
Market Action Index
Slight Seller's Advantage
32

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$2,365,000 5,481 8,000 - 10,000 sqft 5 5 1 0 3 218
$1,286,000 3,921 6,500 - 8,000 sqft 4 3 13 0 0 58
$990,500 3,107 8,000 - 10,000 sqft 4 2 68 1 4 97
$659,000 2,508 0 - 4,500 sqft 3 3 13 0 3 101