Roger Martin Properties' Market Report

Houston, TX 77007

Single-Family Homes

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



Houston, TX 77007

Wed Mar 20 2019
This week the median list price for Houston, TX 77007 is $499,000 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 346. Click here to stay informed with the Houston 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 Seller's Advantage

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Houston, TX 77007

Wed Mar 20 2019
This week the median list price for Houston, TX 77007 is $499,000 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 346. Click here to stay informed with the Houston 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 Seller's Advantage

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $499,000
Per Square Foot $208
Days on Market 141
Price Decreased 35%
Price Increased 3%
Relisted 22%
Inventory 346
Median House Rent $2,168
Most Expensive $8,500,000
Least Expensive $175,000
Market Action Index
Slight Seller's Advantage
30

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.

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
$962,450 3,456 0 - 4,500 sqft 3 3 9 4 6 168
$575,000 2,513 0 - 4,500 sqft 3 3 3 8 4 127
$459,000 2,412 0 - 4,500 sqft 3 3 5 7 2 147
$384,995 2,095 0 - 4,500 sqft 3 3 9 10 9 123