Thu Apr 02 2020
This week the median list price for Houston, TX 77007 is $525,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has held steady at or around 276.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$525,000|
|Per Square Foot||$218|
|Days on Market||141|
|Slight Seller's Advantage|
We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$989,900||3,493||4,500 - 6,500 sqft||3||3||12||1||1||183|
|$579,900||2,514||0 - 4,500 sqft||3||3||3||5||4||150|
|$474,900||2,336||0 - 4,500 sqft||3||3||7||3||3||103|
|$387,000||2,070||0 - 4,500 sqft||3||3||13||6||8||128|