Roger Martin Properties' Market Report

Houston, TX 77024

Single-Family Homes

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



Houston, TX 77024

Wed Mar 20 2019
This week the median list price for Houston, TX 77024 is $1,695,000 with the market action index hovering around 25. This is about the same as last month's market action index of 25. Inventory has held steady at or around 231. Click here to stay informed with the Houston market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Houston, TX 77024

Wed Mar 20 2019
This week the median list price for Houston, TX 77024 is $1,695,000 with the market action index hovering around 25. This is about the same as last month's market action index of 25. Inventory has held steady at or around 231. Click here to stay informed with the Houston market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $1,695,000
Per Square Foot $368
Days on Market 162
Price Decreased 40%
Price Increased 1%
Relisted 16%
Inventory 231
Median House Rent $1,698
Most Expensive $29,999,999
Least Expensive $420,000
Market Action Index
Slight Buyer's Advantage
25

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
$3,750,000 7,833 0.5 - 1 acre 5 6 17 2 2 165
$2,195,000 6,014 0.5 - 1 acre 5 5 21 4 2 171
$1,349,994 3,977 0.25 - 0.5 acre 4 3 55 5 2 144
$799,000 2,911 8,000 - 10,000 sqft 4 2 55 7 1 168