Roger Martin Properties' Market Report

Houston, TX 77024

Single-Family Homes

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



Houston, TX 77024

Wed Jan 22 2020
This week the median list price for Houston, TX 77024 is $1,959,500 with the market action index hovering around 26. This is about the same as last month's market action index of 26. Inventory has held steady at or around 206. 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 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

Wed Jan 22 2020
This week the median list price for Houston, TX 77024 is $1,959,500 with the market action index hovering around 26. This is about the same as last month's market action index of 26. Inventory has held steady at or around 206. 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 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 $1,959,500
Per Square Foot $383
Days on Market 207
Price Decreased 36%
Price Increased 2%
Relisted 15%
Inventory 206
Median Rent $2,695
Most Expensive $29,500,000
Least Expensive $475,000
Market Action 26
Slight Buyer'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
$4,100,000 8,424 0.5 - 1 acre 5 7 15 2 3 220
$2,350,000 5,709 0.5 - 1 acre 5 5 27 4 1 191
$1,599,500 4,623 0.25 - 0.5 acre 4 4 33 1 2 224
$855,000 2,934 0.25 - 0.5 acre 4 3 57 4 2 191