Roger Martin Properties' Market Report

Bellaire, TX 77401

Single-Family Homes

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



Bellaire, TX 77401

Mon Dec 11 2023
This week the median list price for Bellaire, TX 77401 is $1,195,000 with the market action index hovering around 35. This is less than last month's market action index of 37. Inventory has decreased to 41. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Bellaire, TX 77401

Mon Dec 11 2023
This week the median list price for Bellaire, TX 77401 is $1,195,000 with the market action index hovering around 35. This is less than last month's market action index of 37. Inventory has decreased to 41. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Bellaire market.
Median List Price $1,195,000
Median Price of New Listings $1,399,000
Per Square Foot $336
Average Days on Market 94
Median Days on Market 70
Price Decreased 44%
Price Increased 0%
Relisted 22%
Inventory 41
Median Rent
Market Action 35
Slight Seller's Advantage

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$1,862,000 5,951 8,000 - 10,000 sqft 5 5.3 16 1 1 70
$1,349,450 4,138 4,500 - 6,500 sqft 5 4.5 18 3 3 66
$942,000 2,961 0.25 - 0.5 acre 4 3 70 1 1 45
$505,000 1,510 8,000 - 10,000 sqft 3 2 71 1 1 56