Roger Martin Properties' Market Report

Houston, TX 77030

Single-Family Homes

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



Houston, TX 77030

Mon Jun 24 2024
This week the median list price for Houston, TX 77030 is $1,125,000 with the market action index hovering around 35. This is less than last month's market action index of 39. Inventory has increased to 23. 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 Seller's Advantage

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Houston, TX 77030

Mon Jun 24 2024
This week the median list price for Houston, TX 77030 is $1,125,000 with the market action index hovering around 35. This is less than last month's market action index of 39. Inventory has increased to 23. 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 Seller's Advantage

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $1,125,000
Median Price of New Listings $795,000
Per Square Foot $433
Average Days on Market 115
Median Days on Market 70
Price Decreased 48%
Price Increased 0%
Relisted 35%
Inventory 23
Median Rent
Market Action 35
Slight Seller'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
$3,200,000 5,505 8,000 - 10,000 sqft 4 5.5 4 0 0 147
$1,695,000 3,598 4,500 - 6,500 sqft 4 4.5 10 1 0 56
$794,975 2,473 4,500 - 6,500 sqft 3 2.5 80 1 0 70
$669,950 2,383 0 - 4,500 sqft 3 3.5 13 2 0 21