Roger Martin Properties' Market Report

Houston, TX 77007

Single-Family Homes

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



Houston, TX 77007

Mon Mar 01 2021
This week the median list price for Houston, TX 77007 is $549,000 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has held steady at or around 227. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Houston, TX 77007

Mon Mar 01 2021
This week the median list price for Houston, TX 77007 is $549,000 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has held steady at or around 227. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $549,000
Per Square Foot $227
Days on Market 77
Price Decreased 33%
Price Increased 6%
Relisted 19%
Inventory 227
Median Rent $2,655
Most Expensive $3,750,000
Least Expensive $220,000
Market Action 36
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.

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
$1,124,500 3,720 4,500 - 6,500 sqft 4 3 7 2 3 70
$645,000 2,587 0 - 4,500 sqft 3 3 6 2 5 119
$497,883 2,306 0 - 4,500 sqft 3 3 7 0 6 70
$395,000 2,139 0 - 4,500 sqft 3 2 16 6 6 91