Roger Martin Properties' Market Report

Houston, TX 77007

Single-Family Homes

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



Houston, TX 77007

Sat Jul 31 2021
This week the median list price for Houston, TX 77007 is $549,000 with the market action index hovering around 41. This is less than last month's market action index of 43. Inventory has held steady at or around 255. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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

Sat Jul 31 2021
This week the median list price for Houston, TX 77007 is $549,000 with the market action index hovering around 41. This is less than last month's market action index of 43. Inventory has held steady at or around 255. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $549,000
Median Price of New Listings $499,900
Per Square Foot $226
Average Days on Market 76
Median Days on Market 42
Price Decreased 43%
Price Increased 3%
Relisted 17%
Inventory 255
Median Rent $2,750
Market Action 41
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
$975,000 3,450 0 - 4,500 sqft 4 3 11 6 5 49
$629,000 2,535 0 - 4,500 sqft 3 3 9 7 4 49
$492,450 2,301 0 - 4,500 sqft 3 3 12 9 10 28
$424,750 2,110 0 - 4,500 sqft 3 3 15 11 14 42