Roger Martin Properties' Market Report

Bellaire, TX 77401

Single-Family Homes

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



Bellaire, TX 77401

Sat Jul 31 2021
This week the median list price for Bellaire, TX 77401 is $963,750 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has increased to 120. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Bellaire, TX 77401

Sat Jul 31 2021
This week the median list price for Bellaire, TX 77401 is $963,750 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has increased to 120. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Bellaire market.
Median List Price $963,750
Median Price of New Listings $1,197,000
Per Square Foot $284
Average Days on Market 133
Median Days on Market 67
Price Decreased 44%
Price Increased 3%
Relisted 9%
Inventory 120
Median Rent $2,400
Market Action 32
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
$1,674,500 5,433 8,000 - 10,000 sqft 5 5 13 2 0 56
$1,149,000 4,248 8,000 - 10,000 sqft 4 4 16 6 7 70
$749,500 2,833 6,500 - 8,000 sqft 4 3 26 2 3 38
$458,500 1,519 6,500 - 8,000 sqft 3 1 70 2 1 98