Roger Martin Properties' Market Report

Bellaire, TX 77401

Single-Family Homes

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



Bellaire, TX 77401

Wed Nov 25 2020
This week the median list price for Bellaire, TX 77401 is $949,999 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 144. 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

Wed Nov 25 2020
This week the median list price for Bellaire, TX 77401 is $949,999 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 144. 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 $949,999
Per Square Foot $281
Days on Market 210
Price Decreased 49%
Price Increased 1%
Relisted 25%
Inventory 144
Median Rent $2,500
Most Expensive $3,595,000
Least Expensive $239,000
Market Action 29
Slight Buyer's Advantage

We continue to see prices in this zip code bouncing around this plateau. 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
$1,545,000 5,323 8,000 - 10,000 sqft 5 5 3 2 2 204
$1,162,500 4,195 6,500 - 8,000 sqft 4 4 16 2 3 205
$815,000 3,271 6,500 - 8,000 sqft 4 3 23 3 3 184
$444,000 1,504 8,000 - 10,000 sqft 3 1 69 2 1 244