Roger Martin Properties' Market Report

Bellaire, TX 77401

Single-Family Homes

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



Bellaire, TX 77401

Mon Mar 01 2021
This week the median list price for Bellaire, TX 77401 is $997,000 with the market action index hovering around 33. This is an increase over last month's market action index of 31. Inventory has held steady at or around 96. Click here to stay informed with the Bellaire market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Bellaire, TX 77401

Mon Mar 01 2021
This week the median list price for Bellaire, TX 77401 is $997,000 with the market action index hovering around 33. This is an increase over last month's market action index of 31. Inventory has held steady at or around 96. Click here to stay informed with the Bellaire market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Bellaire market.
Median List Price $997,000
Per Square Foot $283
Days on Market 133
Price Decreased 39%
Price Increased 2%
Relisted 20%
Inventory 96
Median Rent $2,450
Most Expensive $1,999,999
Least Expensive $345,000
Market Action 33
Slight Seller's Advantage

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
$1,584,500 5,349 8,000 - 10,000 sqft 4 4 13 0 4 157
$1,150,000 4,366 6,500 - 8,000 sqft 4 4 19 0 3 112
$849,000 3,354 6,500 - 8,000 sqft 4 3 26 2 4 126
$425,000 1,495 6,500 - 8,000 sqft 3 1 70 1 3 189