Roger Martin Properties' Market Report

Bellaire, TX 77401

Single-Family Homes

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



Bellaire, TX 77401

Thu Sep 20 2018
This week the median list price for Bellaire, TX 77401 is $925,000 with the market action index hovering around 27. This is an increase over last month's market action index of 26. Inventory has held steady at or around 165. 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

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Bellaire, TX 77401

Thu Sep 20 2018
This week the median list price for Bellaire, TX 77401 is $925,000 with the market action index hovering around 27. This is an increase over last month's market action index of 26. Inventory has held steady at or around 165. 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

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Bellaire market.
Median List Price $925,000
Per Square Foot $278
Days on Market 158
Price Decreased 44%
Price Increased 1%
Relisted 13%
Inventory 165
Median House Rent $2,248
Most Expensive $2,699,000
Least Expensive $300,000
Market Action Index
Slight Buyer's Advantage
27

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
$1,499,000 5,515 8,000 - 10,000 sqft 5 5 5 1 1 183
$1,090,000 4,186 6,500 - 8,000 sqft 4 4 15 0 4 162
$650,000 2,779 8,000 - 10,000 sqft 3 2 28 1 3 114
$427,495 1,371 6,500 - 8,000 sqft 3 1 68 2 1 173