Roger Martin Properties' Market Report

Houston, TX 77024

Single-Family Homes

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



Houston, TX 77024

Thu Dec 01 2022
This week the median list price for Houston, TX 77024 is $2,200,000 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has increased to 94. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Houston, TX 77024

Thu Dec 01 2022
This week the median list price for Houston, TX 77024 is $2,200,000 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has increased to 94. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $2,200,000
Median Price of New Listings $1,179,500
Per Square Foot $420
Average Days on Market 122
Median Days on Market 95
Price Decreased 43%
Price Increased 2%
Relisted 18%
Inventory 94
Median Rent
Market Action 33
Slight Seller'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.

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
$6,300,000 10,359 1 - 2.5 acres 6 7 15 0 1 168
$2,947,000 6,628 0.5 - 1 acre 5 6 23 0 3 105
$1,585,000 4,281 0.5 - 1 acre 4 4.5 47 1 0 101
$862,495 2,639 8,000 - 10,000 sqft 4 2.5 60 3 1 52