Roger Martin Properties' Market Report
Houston, TX 77030
Single-Family Homes
www.rogermartinproperties.com | 713-661-2300 | roger@rogermartin.com
Houston, TX 77030
Tue May 21 2019
This week the median list price for Houston, TX 77030 is $1,049,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 41.
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
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $1,049,000 | |
| Per Square Foot | $350 | |
| Days on Market | 140 | |
| Price Decreased | 51% | |
| Price Increased | 0% | |
| Relisted | 15% | |
| Inventory | 41 | |
| Median House Rent | $1,800 | |
| Most Expensive | $2,650,000 | |
| Least Expensive | $544,999 | |
| Market Action Index Slight Seller's Advantage | 31 |
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 |
|---|---|---|---|---|---|---|---|---|
| $2,162,450 | 5,081 | 6,500 - 8,000 sqft | 4 | 4 | 6 | 0 | 0 | 218 |
| $1,310,000 | 3,979 | 8,000 - 10,000 sqft | 4 | 4 | 71 | 2 | 0 | 144 |
| $799,000 | 2,842 | 8,000 - 10,000 sqft | 4 | 2 | 70 | 1 | 0 | 165 |
| $670,000 | 1,836 | 4,500 - 6,500 sqft | 3 | 2 | 79 | 3 | 0 | 42 |