Roger Martin Properties' Market Report
Houston, TX 77030
Single-Family Homes
www.rogermartinproperties.com | 713-661-2300 | roger@rogermartin.com
Houston, TX 77030
Mon Mar 01 2021
This week the median list price for Houston, TX 77030 is $1,245,000 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has held steady at or around 23.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Home sales have begun exceeding new inventory. 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 | $1,245,000 | |
| Per Square Foot | $315 | |
| Days on Market | 105 | |
| Price Decreased | 43% | |
| Price Increased | 0% | |
| Relisted | 9% | |
| Inventory | 23 | |
| Median Rent | $2,650 | |
| Most Expensive | $2,285,000 | |
| Least Expensive | $585,000 | |
| Market Action | 29 | |
| Slight Buyer's Advantage | ||
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,690,000 | 4,942 | 0.25 - 0.5 acre | 5 | 4 | 7 | 0 | 0 | 245 |
| $1,427,500 | 4,924 | 4,500 - 6,500 sqft | 4 | 4 | 15 | 0 | 0 | 112 |
| $964,500 | 3,440 | 8,000 - 10,000 sqft | 4 | 3 | 69 | 1 | 1 | 17 |
| $692,000 | 3,065 | 0 - 4,500 sqft | 3 | 3 | 15 | 0 | 0 | 136 |