Roger Martin Properties' Market Report

Houston, TX 77007

Single-Family Homes

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



Houston, TX 77007

Mon Jun 17 2024
This week the median list price for Houston, TX 77007 is $649,945 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has increased to 178. 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

Mon Jun 17 2024
This week the median list price for Houston, TX 77007 is $649,945 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has increased to 178. 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 $649,945
Median Price of New Listings $732,000
Per Square Foot $286
Average Days on Market 125
Median Days on Market 56
Price Decreased 40%
Price Increased 3%
Relisted 25%
Inventory 178
Median Rent
Market Action 37
Slight Seller's Advantage

Prices in this zip code seem to have settled around a 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
$1,397,000 3,669 4,500 - 6,500 sqft 4 4 10 8 3 87
$762,495 2,596 0 - 4,500 sqft 3 3.5 12 6 6 63
$560,000 2,351 0 - 4,500 sqft 3 3.5 9 3 5 42
$475,000 2,116 0 - 4,500 sqft 3 3.5 19 7 7 56