Roger Martin Properties' Market Report

Houston, TX 77030

Single-Family Homes

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



Houston, TX 77030

Fri May 25 2018
This week the median list price for Houston, TX 77030 is $1,437,500 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has held steady at or around 32. 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

Fri May 25 2018
This week the median list price for Houston, TX 77030 is $1,437,500 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has held steady at or around 32. 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 $1,437,500
Per Square Foot $354
Days on Market 126
Price Decreased 44%
Price Increased 0%
Relisted 6%
Inventory 32
Median House Rent $2,400
Most Expensive $3,400,000
Least Expensive $489,000
Market Action Index
Slight Seller's Advantage
31

We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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
$2,537,500 5,569 0.25 - 0.5 acre 4 5 1 1 0 191
$1,599,000 4,332 6,500 - 8,000 sqft 4 3 13 0 0 112
$1,084,950 3,634 4,500 - 6,500 sqft 4 3 48 2 1 119
$674,000 2,509 0 - 4,500 sqft 3 3 13 0 2 83