Roger Martin Properties' Market Report

Houston, TX 77024

Single-Family Homes

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



Houston, TX 77024

Mon Jun 05 2023
This week the median list price for Houston, TX 77024 is $2,750,000 with the market action index hovering around 36. This is an increase over last month's market action index of 34. Inventory has decreased to 77. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Houston, TX 77024

Mon Jun 05 2023
This week the median list price for Houston, TX 77024 is $2,750,000 with the market action index hovering around 36. This is an increase over last month's market action index of 34. Inventory has decreased to 77. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $2,750,000
Median Price of New Listings $1,579,000
Per Square Foot $476
Average Days on Market 122
Median Days on Market 70
Price Decreased 38%
Price Increased 1%
Relisted 18%
Inventory 77
Median Rent
Market Action 36
Slight Seller's Advantage

Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.

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
$5,999,000 9,759 0.5 - 1 acre 6 7.5 9 0 0 126
$3,299,000 6,307 0.5 - 1 acre 5 6 27 0 0 84
$2,100,000 4,711 0.5 - 1 acre 4 4.5 48 2 1 63
$1,062,500 3,332 0.25 - 0.5 acre 3 3 58 1 2 63