Roger Martin Properties' Market Report

Houston, TX 77007

Single-Family Homes

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



Houston, TX 77007

Wed Nov 25 2020
This week the median list price for Houston, TX 77007 is $499,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 312. Click here to stay informed with the Houston market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Houston, TX 77007

Wed Nov 25 2020
This week the median list price for Houston, TX 77007 is $499,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 312. Click here to stay informed with the Houston market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $499,000
Per Square Foot $217
Days on Market 109
Price Decreased 44%
Price Increased 1%
Relisted 20%
Inventory 312
Median Rent $2,700
Most Expensive $4,950,000
Least Expensive $205,000
Market Action 31
Slight Seller's Advantage

Prices in this zip code seem to have settled around a 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
$922,450 3,349 0 - 4,500 sqft 3 3 6 4 3 134
$565,000 2,480 0 - 4,500 sqft 3 3 6 5 5 127
$450,000 2,300 0 - 4,500 sqft 3 3 7 5 6 90
$394,995 2,124 0 - 4,500 sqft 3 3 14 6 10 83