Roger Martin Properties' Market Report

Bellaire, TX 77401

Single-Family Homes

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



Bellaire, TX 77401

Thu Apr 02 2020
This week the median list price for Bellaire, TX 77401 is $1,017,450 with the market action index hovering around 26. This is less than last month's market action index of 28. Inventory has held steady at or around 170. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Bellaire, TX 77401

Thu Apr 02 2020
This week the median list price for Bellaire, TX 77401 is $1,017,450 with the market action index hovering around 26. This is less than last month's market action index of 28. Inventory has held steady at or around 170. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Bellaire market.
Median List Price $1,017,450
Per Square Foot $286
Days on Market 193
Price Decreased 37%
Price Increased 3%
Relisted 18%
Inventory 170
Median Rent $2,150
Most Expensive $2,967,000
Least Expensive $254,900
Market Action 26
Slight Buyer'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
$1,724,500 5,491 8,000 - 10,000 sqft 5 5 7 3 1 198
$1,195,000 4,374 8,000 - 10,000 sqft 4 4 10 2 0 178
$899,900 3,723 6,500 - 8,000 sqft 4 4 17 3 4 175
$475,000 1,480 8,000 - 10,000 sqft 3 2 69 1 4 219