Roger Martin Properties' Market Report

Bellaire, TX 77401

Single-Family Homes

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



Bellaire, TX 77401

Wed Apr 24 2024
This week the median list price for Bellaire, TX 77401 is $1,212,500 with the market action index hovering around 40. This is an increase over last month's market action index of 38. Inventory has increased to 46. 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

Wed Apr 24 2024
This week the median list price for Bellaire, TX 77401 is $1,212,500 with the market action index hovering around 40. This is an increase over last month's market action index of 38. Inventory has increased to 46. 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 $1,212,500
Median Price of New Listings $865,000
Per Square Foot $333
Average Days on Market 84
Median Days on Market 42
Price Decreased 35%
Price Increased 4%
Relisted 9%
Inventory 46
Median Rent
Market Action 40
Slight Seller's Advantage

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$1,995,000 6,398 8,000 - 10,000 sqft 4 5.5 6 1 1 77
$1,499,000 4,911 8,000 - 10,000 sqft 4 4.5 18 2 1 84
$1,030,000 3,537 8,000 - 10,000 sqft 4 3.5 30 2 0 21
$600,000 1,514 8,000 - 10,000 sqft 3 1.5 74 4 2 28