Roger Martin Properties' Market Report

Houston, TX 77024

Single-Family Homes

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



Houston, TX 77024

Mon May 17 2021
This week the median list price for Houston, TX 77024 is $2,195,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has increased to 178. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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

Mon May 17 2021
This week the median list price for Houston, TX 77024 is $2,195,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has increased to 178. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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 $2,195,000
Median Price of New Listings $2,495,000
Per Square Foot $403
Average Days on Market 164
Median Days on Market 81
Price Decreased 35%
Price Increased 3%
Relisted 17%
Inventory 178
Median Rent $3,000
Market Action 32
Slight Seller's Advantage

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$4,799,500 8,451 0.5 - 1 acre 5 7 11 3 2 112
$2,660,000 6,457 0.5 - 1 acre 5 6 16 6 3 91
$1,749,900 4,700 0.25 - 0.5 acre 4 4 27 2 5 119
$899,000 2,985 8,000 - 10,000 sqft 4 3 54 6 4 35