Roger Martin Properties' Market Report

Houston, TX 77024

Single-Family Homes

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



Houston, TX 77024

Mon Dec 04 2023
This week the median list price for Houston, TX 77024 is $3,499,950 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has decreased to 76. 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

The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Houston, TX 77024

Mon Dec 04 2023
This week the median list price for Houston, TX 77024 is $3,499,950 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has decreased to 76. 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

The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $3,499,950
Median Price of New Listings $1,599,000
Per Square Foot $501
Average Days on Market 140
Median Days on Market 95
Price Decreased 41%
Price Increased 1%
Relisted 16%
Inventory 76
Median Rent
Market Action 32
Slight Seller's Advantage

You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$6,295,000 9,661 1 - 2.5 acres 6 7.5 16 0 1 154
$4,190,000 7,583 0.5 - 1 acre 5 7 15 0 0 126
$2,225,000 5,217 0.5 - 1 acre 5 5 32 2 4 105
$899,900 2,839 8,000 - 10,000 sqft 3 2.5 61 1 2 70