Roger Martin Properties' Market Report

Houston, TX 77007

Single-Family Homes

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



Houston, TX 77007

Fri Sep 20 2019
This week the median list price for Houston, TX 77007 is $495,000 with the market action index hovering around 31. This is less than last month's market action index of 33. Inventory has held steady at or around 357. 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

Fri Sep 20 2019
This week the median list price for Houston, TX 77007 is $495,000 with the market action index hovering around 31. This is less than last month's market action index of 33. Inventory has held steady at or around 357. 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 $495,000
Per Square Foot $209
Days on Market 142
Price Decreased 49%
Price Increased 2%
Relisted 22%
Inventory 357
Median House Rent $2,650
Most Expensive $5,390,000
Least Expensive $185,000
Market Action Index
Slight Seller's Advantage
31

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
$849,000 3,300 0 - 4,500 sqft 3 3 9 9 4 202
$554,900 2,517 0 - 4,500 sqft 3 3 4 12 5 125
$459,000 2,332 0 - 4,500 sqft 3 3 5 8 6 123
$389,000 2,080 0 - 4,500 sqft 3 3 11 7 10 119