Roger Martin Properties' Market Report

Bellaire, TX 77401

Single-Family Homes

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



Bellaire, TX 77401

Sat Oct 16 2021
This week the median list price for Bellaire, TX 77401 is $995,000 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has decreased to 91. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Bellaire, TX 77401

Sat Oct 16 2021
This week the median list price for Bellaire, TX 77401 is $995,000 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has decreased to 91. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Bellaire market.
Median List Price $995,000
Median Price of New Listings $1,162,500
Per Square Foot $285
Average Days on Market 119
Median Days on Market 84
Price Decreased 56%
Price Increased 0%
Relisted 22%
Inventory 91
Median Rent $3,195
Market Action 34
Slight Seller'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
$1,567,450 5,180 8,000 - 10,000 sqft 5 4 22 1 3 80
$1,150,000 4,579 8,000 - 10,000 sqft 4 4 21 6 5 42
$750,000 2,800 8,000 - 10,000 sqft 4 2 33 0 4 70
$439,900 1,520 6,500 - 8,000 sqft 3 1 71 3 2 147