Roger Martin Properties' Market Report

Houston, TX 77030

Single-Family Homes

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



Houston, TX 77030

Thu Sep 21 2023
This week the median list price for Houston, TX 77030 is $925,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has decreased to 21. 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 been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable.

Houston, TX 77030

Thu Sep 21 2023
This week the median list price for Houston, TX 77030 is $925,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has decreased to 21. 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 been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $925,000
Median Price of New Listings $823,975
Per Square Foot $375
Average Days on Market 104
Median Days on Market 91
Price Decreased 38%
Price Increased 0%
Relisted 24%
Inventory 21
Median Rent
Market Action 31
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$2,249,000 5,734 6,500 - 8,000 sqft 4 5 1 0 0 231
$1,432,000 3,043 6,500 - 8,000 sqft 3 3.5 17 0 0 91
$799,900 2,527 6,500 - 8,000 sqft 3 3.5 76 2 1 28
$747,400 2,383 6,500 - 8,000 sqft 3 3.3 41 0 2 63