Roger Martin Properties' Market Report

Houston, TX 77030

Single-Family Homes

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



Houston, TX 77030

Fri Jul 01 2022
This week the median list price for Houston, TX 77030 is $1,185,000 with the market action index hovering around 50. This is less than last month's market action index of 52. Inventory has increased to 13. 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.

Strong Seller's Market

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. Watch for an up-shift in the MAI before price stability is achieved.

Houston, TX 77030

Fri Jul 01 2022
This week the median list price for Houston, TX 77030 is $1,185,000 with the market action index hovering around 50. This is less than last month's market action index of 52. Inventory has increased to 13. 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.

Strong Seller's Market

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. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $1,185,000
Median Price of New Listings $1,096,500
Per Square Foot $387
Average Days on Market 63
Median Days on Market 42
Price Decreased 46%
Price Increased 0%
Relisted 8%
Inventory 13
Median Rent
Market Action 50
Strong Seller's Market

Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.

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
$1,460,000 4,028 6,500 - 8,000 sqft 4 3.5 72 0 2 77
$1,250,000 3,356 8,000 - 10,000 sqft 4 3.5 84 1 0 42
$1,049,900 2,613 8,000 - 10,000 sqft 4 3 82 1 0 21
$897,499 2,465 6,500 - 8,000 sqft 3 2.8 75 0 1 31