Roger Martin Properties' Market Report

Houston, TX 77024

Single-Family Homes

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



Houston, TX 77024

Thu Jan 17 2019
This week the median list price for Houston, TX 77024 is $1,675,000 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has held steady at or around 172. Click here to stay informed with the Houston market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Houston, TX 77024

Thu Jan 17 2019
This week the median list price for Houston, TX 77024 is $1,675,000 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has held steady at or around 172. Click here to stay informed with the Houston market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $1,675,000
Per Square Foot $352
Days on Market 194
Price Decreased 46%
Price Increased 2%
Relisted 24%
Inventory 172
Median House Rent $1,998
Most Expensive $29,999,999
Least Expensive $395,000
Market Action Index
Slight Buyer's Advantage
27

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.

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
$3,950,000 8,237 0.5 - 1 acre 5 6 17 1 1 205
$2,099,900 5,539 0.25 - 0.5 acre 5 5 20 1 6 228
$1,300,000 3,764 0.25 - 0.5 acre 4 3 57 1 2 173
$759,000 2,748 8,000 - 10,000 sqft 4 2 55 3 5 168