Roger Martin Properties' Market Report

Bellaire, TX 77401

Single-Family Homes

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



Bellaire, TX 77401

Fri May 25 2018
This week the median list price for Bellaire, TX 77401 is $899,000 with the market action index hovering around 25. This is about the same as last month's market action index of 25. Inventory has held steady at or around 193. Click here to stay informed with the Bellaire market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Bellaire, TX 77401

Fri May 25 2018
This week the median list price for Bellaire, TX 77401 is $899,000 with the market action index hovering around 25. This is about the same as last month's market action index of 25. Inventory has held steady at or around 193. Click here to stay informed with the Bellaire market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Real-Time Market Profile

Never miss important changes in the Bellaire market.
Median List Price $899,000
Per Square Foot $280
Days on Market 125
Price Decreased 47%
Price Increased 4%
Relisted 15%
Inventory 193
Median House Rent $2,500
Most Expensive $3,825,000
Least Expensive $305,000
Market Action Index
Slight Buyer's Advantage
25

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
$1,499,450 5,592 8,000 - 10,000 sqft 5 5 10 2 1 172
$1,095,000 3,987 6,500 - 8,000 sqft 4 3 15 1 3 115
$732,000 2,938 6,500 - 8,000 sqft 4 2 28 5 2 103
$430,000 1,378 6,500 - 8,000 sqft 3 2 68 4 1 110