Sat Aug 15 2020
This week the median list price for Houston, TX 77024 is $1,914,000 with the market action index hovering around 27. This is an increase over last month's market action index of 25. Inventory has held steady at or around 252.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$1,914,000|
|Per Square Foot||$392|
|Days on Market||188|
|Slight Buyer's Advantage|
Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$4,200,000||8,424||0.5 - 1 acre||5||7||12||7||2||195|
|$2,295,000||5,718||0.5 - 1 acre||5||5||18||4||5||220|
|$1,550,000||4,579||0.5 - 1 acre||4||4||41||6||8||174|
|$870,000||3,030||0.25 - 0.5 acre||4||3||56||4||8||160|