Roger Martin Properties' Market Report

Bellaire, TX 77401

Single-Family Homes

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



Bellaire, TX 77401

Mon May 20 2019
This week the median list price for Bellaire, TX 77401 is $996,500 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 196. Click here to stay informed with the Bellaire 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 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.

Bellaire, TX 77401

Mon May 20 2019
This week the median list price for Bellaire, TX 77401 is $996,500 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 196. Click here to stay informed with the Bellaire 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 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 Bellaire market.
Median List Price $996,500
Per Square Foot $274
Days on Market 161
Price Decreased 46%
Price Increased 1%
Relisted 19%
Inventory 196
Median House Rent $2,358
Most Expensive $4,700,000
Least Expensive $296,000
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
$1,799,000 5,689 8,000 - 10,000 sqft 5 5 9 6 0 166
$1,199,000 4,415 8,000 - 10,000 sqft 4 4 11 1 3 155
$899,888 3,713 6,500 - 8,000 sqft 4 3 21 4 3 111
$468,888 1,544 8,000 - 10,000 sqft 3 2 69 3 4 214