Roger Martin Properties' Market Report

Bellaire, TX 77401

Single-Family Homes

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



Bellaire, TX 77401

Thu Jan 23 2020
This week the median list price for Bellaire, TX 77401 is $960,000 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has held steady at or around 127. 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

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 Jan 23 2020
This week the median list price for Bellaire, TX 77401 is $960,000 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has held steady at or around 127. 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

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 $960,000
Per Square Foot $284
Days on Market 249
Price Decreased 48%
Price Increased 3%
Relisted 21%
Inventory 127
Median Rent $2,150
Most Expensive $2,967,000
Least Expensive $269,000
Market Action 27
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
$1,745,000 5,505 8,000 - 10,000 sqft 4 5 6 5 1 287
$1,149,499 4,234 8,000 - 10,000 sqft 4 4 12 3 1 221
$888,250 3,773 6,500 - 8,000 sqft 4 3 18 2 1 204
$472,000 1,328 8,000 - 10,000 sqft 3 1 70 2 2 285