Roger Martin Properties' Market Report

Houston, TX 77007

Single-Family Homes

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



Houston, TX 77007

Sat Sep 19 2020
This week the median list price for Houston, TX 77007 is $522,000 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 318. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Houston, TX 77007

Sat Sep 19 2020
This week the median list price for Houston, TX 77007 is $522,000 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 318. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $522,000
Per Square Foot $221
Days on Market 119
Price Decreased 41%
Price Increased 3%
Relisted 17%
Inventory 318
Median Rent $2,795
Most Expensive $6,490,000
Least Expensive $205,000
Market Action 33
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
$1,049,999 3,443 0 - 4,500 sqft 3 3 9 2 4 160
$599,990 2,600 0 - 4,500 sqft 3 3 5 2 4 118
$464,500 2,326 0 - 4,500 sqft 3 3 6 9 5 100
$389,450 2,106 0 - 4,500 sqft 3 3 13 8 11 98