Roger Martin Properties' Market Report

Houston, TX 77007

Single-Family Homes

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



Houston, TX 77007

Sat Jul 11 2020
This week the median list price for Houston, TX 77007 is $525,000 with the market action index hovering around 31. This is an increase over last month's market action index of 29. Inventory has held steady at or around 308. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Houston, TX 77007

Sat Jul 11 2020
This week the median list price for Houston, TX 77007 is $525,000 with the market action index hovering around 31. This is an increase over last month's market action index of 29. Inventory has held steady at or around 308. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $525,000
Per Square Foot $218
Days on Market 131
Price Decreased 35%
Price Increased 2%
Relisted 21%
Inventory 308
Median Rent $2,750
Most Expensive $4,800,000
Least Expensive $230,000
Market Action 31
Slight Seller's Advantage

We continue to see prices in this zip code hover around their high point. Look for a persistent 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
$949,500 3,423 4,500 - 6,500 sqft 3 3 11 1 9 159
$594,500 2,600 0 - 4,500 sqft 3 3 6 7 5 132
$472,500 2,351 0 - 4,500 sqft 3 3 5 10 12 126
$409,000 2,095 0 - 4,500 sqft 3 3 12 13 16 106