Roger Martin Properties' Market Report

Houston, TX 77030

Single-Family Homes

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



Houston, TX 77030

Wed Nov 13 2019
This week the median list price for Houston, TX 77030 is $964,450 with the market action index hovering around 28. This is an increase over last month's market action index of 27. Inventory has held steady at or around 42. 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

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.

Houston, TX 77030

Wed Nov 13 2019
This week the median list price for Houston, TX 77030 is $964,450 with the market action index hovering around 28. This is an increase over last month's market action index of 27. Inventory has held steady at or around 42. 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

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $964,450
Per Square Foot $332
Days on Market 201
Price Decreased 55%
Price Increased 2%
Relisted 36%
Inventory 42
Median House Rent $1,575
Most Expensive $2,295,000
Least Expensive $425,000
Market Action Index
Slight Buyer's Advantage
28

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$1,860,000 4,896 8,000 - 10,000 sqft 4 4 9 1 0 289
$1,112,500 3,677 6,500 - 8,000 sqft 4 4 33 2 0 205
$849,000 2,637 4,500 - 6,500 sqft 3 3 69 0 0 124
$700,000 2,327 6,500 - 8,000 sqft 3 2 71 1 1 192