Roger Martin Properties' Market Report

Houston, TX 77024

Single-Family Homes

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



Houston, TX 77024

Wed May 22 2024
This week the median list price for Houston, TX 77024 is $2,999,500 with the market action index hovering around 38. This is an increase over last month's market action index of 36. Inventory has held steady at or around 88. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Houston, TX 77024

Wed May 22 2024
This week the median list price for Houston, TX 77024 is $2,999,500 with the market action index hovering around 38. This is an increase over last month's market action index of 36. Inventory has held steady at or around 88. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $2,999,500
Median Price of New Listings $1,690,000
Per Square Foot $502
Average Days on Market 123
Median Days on Market 56
Price Decreased 35%
Price Increased 2%
Relisted 15%
Inventory 88
Median Rent
Market Action 38
Slight Seller's Advantage

We continue to see prices in this zip code at a plateau even though prices dipped this week. Look for a persistent change in the Market Action Index (up or down) before we see prices significantly 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
$6,900,000 10,183 1 - 2.5 acres 5 7.5 13 0 1 189
$3,695,000 6,980 0.5 - 1 acre 5 6 21 3 2 56
$2,049,500 5,014 0.25 - 0.5 acre 5 4.5 32 4 5 59
$1,299,950 2,906 0.25 - 0.5 acre 4 3 56 6 4 14