Roger Martin Properties' Market Report

Houston, TX 77007

Single-Family Homes

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



Houston, TX 77007

Thu Sep 21 2023
This week the median list price for Houston, TX 77007 is $689,000 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has increased to 142. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Houston, TX 77007

Thu Sep 21 2023
This week the median list price for Houston, TX 77007 is $689,000 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has increased to 142. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $689,000
Median Price of New Listings $557,950
Per Square Foot $287
Average Days on Market 105
Median Days on Market 70
Price Decreased 40%
Price Increased 4%
Relisted 23%
Inventory 142
Median Rent
Market Action 38
Slight Seller's Advantage

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$1,650,000 3,796 4,500 - 6,500 sqft 4 4 13 3 8 112
$799,990 2,720 0 - 4,500 sqft 3 3.5 5 0 2 63
$589,500 2,359 0 - 4,500 sqft 3 2.8 8 6 5 59
$490,000 2,175 0 - 4,500 sqft 3 3.5 14 5 6 52