Roger Martin Properties' Market Report

Bellaire, TX 77401

Single-Family Homes

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



Bellaire, TX 77401

Sat Dec 03 2022
This week the median list price for Bellaire, TX 77401 is $1,069,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has increased to 59. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Bellaire, TX 77401

Sat Dec 03 2022
This week the median list price for Bellaire, TX 77401 is $1,069,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has increased to 59. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Bellaire market.
Median List Price $1,069,000
Median Price of New Listings $879,500
Per Square Foot $331
Average Days on Market 98
Median Days on Market 70
Price Decreased 44%
Price Increased 2%
Relisted 24%
Inventory 59
Median Rent
Market Action 33
Slight Seller's Advantage

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.

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
$2,020,500 5,447 0.25 - 0.5 acre 5 5.3 15 0 1 70
$1,410,000 4,748 8,000 - 10,000 sqft 5 4.5 16 1 1 63
$798,000 2,863 8,000 - 10,000 sqft 4 3.5 62 2 0 70
$515,000 1,446 6,500 - 8,000 sqft 3 1 71 1 3 70