Roger Martin Properties' Market Report

Bellaire, TX 77401

Single-Family Homes

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



Bellaire, TX 77401

Sun Aug 18 2019
This week the median list price for Bellaire, TX 77401 is $972,500 with the market action index hovering around 26. This is an increase over last month's market action index of 25. Inventory has held steady at or around 192. 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

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Bellaire, TX 77401

Sun Aug 18 2019
This week the median list price for Bellaire, TX 77401 is $972,500 with the market action index hovering around 26. This is an increase over last month's market action index of 25. Inventory has held steady at or around 192. 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

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Bellaire market.
Median List Price $972,500
Per Square Foot $274
Days on Market 187
Price Decreased 59%
Price Increased 1%
Relisted 20%
Inventory 192
Median House Rent $2,600
Most Expensive $3,122,407
Least Expensive $295,000
Market Action Index
Slight Buyer's Advantage
26

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
$1,797,000 5,657 8,000 - 10,000 sqft 5 5 8 3 4 214
$1,144,500 4,291 8,000 - 10,000 sqft 4 4 15 3 2 153
$859,500 3,601 6,500 - 8,000 sqft 4 3 22 5 7 141
$475,000 1,532 8,000 - 10,000 sqft 3 2 69 3 4 241