Roger Martin Properties' Market Report

Houston, TX 77030

Single-Family Homes

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



Houston, TX 77030

Sun Feb 25 2024
This week the median list price for Houston, TX 77030 is $1,199,000 with the market action index hovering around 27. This is an increase over last month's market action index of 26. Inventory has decreased to 19. 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 Buyer's Advantage

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Houston, TX 77030

Sun Feb 25 2024
This week the median list price for Houston, TX 77030 is $1,199,000 with the market action index hovering around 27. This is an increase over last month's market action index of 26. Inventory has decreased to 19. 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 Buyer's Advantage

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $1,199,000
Median Price of New Listings $1,225,000
Per Square Foot $445
Average Days on Market 134
Median Days on Market 119
Price Decreased 21%
Price Increased 5%
Relisted 32%
Inventory 19
Median Rent
Market Action 27
Slight Buyer's Advantage

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
$2,795,000 4,725 8,000 - 10,000 sqft 4 5 2 0 1 59
$1,699,900 3,783 4,500 - 6,500 sqft 4 3.5 17 2 2 70
$875,000 2,527 6,500 - 8,000 sqft 3 2.5 84 0 0 140
$735,000 2,383 6,500 - 8,000 sqft 3 3 69 0 0 245