Roger Martin Properties' Market Report

Houston, TX 77024

Single-Family Homes

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



Houston, TX 77024

Sun Mar 03 2024
This week the median list price for Houston, TX 77024 is $3,537,500 with the market action index hovering around 34. This is an increase over last month's market action index of 32. Inventory has decreased to 72. 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

Sun Mar 03 2024
This week the median list price for Houston, TX 77024 is $3,537,500 with the market action index hovering around 34. This is an increase over last month's market action index of 32. Inventory has decreased to 72. 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 $3,537,500
Median Price of New Listings $2,847,000
Per Square Foot $532
Average Days on Market 171
Median Days on Market 98
Price Decreased 21%
Price Increased 6%
Relisted 18%
Inventory 72
Median Rent
Market Action 34
Slight Seller's Advantage

While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$6,850,000 11,383 1 - 2.5 acres 6 8 15 1 0 161
$4,750,000 8,202 0.5 - 1 acre 5 7 10 1 4 213
$3,045,000 6,070 0.5 - 1 acre 5 5.3 27 5 3 59
$1,448,897 3,317 0.25 - 0.5 acre 3 3.5 59 2 8 49