Roger Martin Properties' Market Report

Bellaire, TX 77401

Single-Family Homes

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



Bellaire, TX 77401

Sun Jun 24 2018
This week the median list price for Bellaire, TX 77401 is $944,475 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 199. 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

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Bellaire, TX 77401

Sun Jun 24 2018
This week the median list price for Bellaire, TX 77401 is $944,475 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 199. 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

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Bellaire market.
Median List Price $944,475
Per Square Foot $281
Days on Market 130
Price Decreased 50%
Price Increased 3%
Relisted 14%
Inventory 199
Median House Rent $2,325
Most Expensive $3,825,000
Least Expensive $303,000
Market Action Index
Slight Buyer's Advantage
25

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.

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
$1,499,900 5,614 8,000 - 10,000 sqft 5 5 10 5 1 180
$1,142,500 4,185 6,500 - 8,000 sqft 4 4 14 1 0 124
$720,000 2,896 8,000 - 10,000 sqft 4 2 28 1 4 85
$422,500 1,374 6,500 - 8,000 sqft 3 1 68 0 0 133