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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$1,959,500|
|Per Square Foot||$383|
|Days on Market||207|
|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.
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|