Roger Martin Properties' Market Report

Houston, TX 77024

Single-Family Homes

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



Houston, TX 77024

Thu Dec 08 2022
This week the median list price for Houston, TX 77024 is $2,194,500 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has decreased to 90. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Houston, TX 77024

Thu Dec 08 2022
This week the median list price for Houston, TX 77024 is $2,194,500 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has decreased to 90. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $2,194,500
Median Price of New Listings $1,195,000
Per Square Foot $420
Average Days on Market 120
Median Days on Market 91
Price Decreased 40%
Price Increased 2%
Relisted 14%
Inventory 90
Median Rent
Market Action 32
Slight Seller's Advantage

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
$6,192,500 10,322 1 - 2.5 acres 6 7 15 0 1 161
$2,845,000 6,617 0.5 - 1 acre 5 6 25 0 3 101
$1,500,000 3,957 0.25 - 0.5 acre 4 3.5 57 3 4 56
$875,000 2,530 0.25 - 0.5 acre 4 2.5 62 2 1 63