Roger Martin Properties' Market Report

Bellaire, TX 77401

Single-Family Homes

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



Bellaire, TX 77401

Mon Nov 19 2018
This week the median list price for Bellaire, TX 77401 is $919,700 with the market action index hovering around 26. This is less than last month's market action index of 27. Inventory has held steady at or around 172. 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

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Bellaire, TX 77401

Mon Nov 19 2018
This week the median list price for Bellaire, TX 77401 is $919,700 with the market action index hovering around 26. This is less than last month's market action index of 27. Inventory has held steady at or around 172. 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

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Bellaire market.
Median List Price $919,700
Per Square Foot $292
Days on Market 174
Price Decreased 40%
Price Increased 1%
Relisted 17%
Inventory 172
Median House Rent $2,875
Most Expensive $3,678,000
Least Expensive $260,000
Market Action Index
Slight Buyer's Advantage
26

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
$1,549,000 5,515 8,000 - 10,000 sqft 5 5 5 0 1 189
$1,129,000 4,227 6,500 - 8,000 sqft 4 4 15 1 4 162
$668,000 2,582 8,000 - 10,000 sqft 3 2 28 4 5 142
$434,500 1,374 6,500 - 8,000 sqft 3 1 68 4 2 202