Roger Martin Properties' Market Report

Houston, TX 77024

Single-Family Homes

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



Houston, TX 77024

Wed Dec 11 2019
This week the median list price for Houston, TX 77024 is $1,787,000 with the market action index hovering around 25. This is less than last month's market action index of 26. Inventory has held steady at or around 236. 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 Dec 11 2019
This week the median list price for Houston, TX 77024 is $1,787,000 with the market action index hovering around 25. This is less than last month's market action index of 26. Inventory has held steady at or around 236. 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 $1,787,000
Per Square Foot $366
Days on Market 201
Price Decreased 41%
Price Increased 4%
Relisted 20%
Inventory 236
Median Rent $2,700
Most Expensive $29,500,000
Least Expensive $389,000
Market Action 25
Slight Buyer's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$4,000,000 8,424 0.5 - 1 acre 5 7 13 0 3 201
$2,250,000 5,758 0.5 - 1 acre 5 5 24 0 7 189
$1,475,000 4,513 0.5 - 1 acre 4 4 51 1 4 216
$765,000 2,854 0.25 - 0.5 acre 4 3 57 1 3 195