Roger Martin Properties' Market Report

Houston, TX 77007

Single-Family Homes

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



Houston, TX 77007

Wed Feb 21 2024
This week the median list price for Houston, TX 77007 is $657,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 162. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Houston, TX 77007

Wed Feb 21 2024
This week the median list price for Houston, TX 77007 is $657,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 162. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $657,000
Median Price of New Listings $784,500
Per Square Foot $290
Average Days on Market 136
Median Days on Market 91
Price Decreased 37%
Price Increased 1%
Relisted 24%
Inventory 162
Median Rent
Market Action 32
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
$1,450,000 3,653 4,500 - 6,500 sqft 4 3.5 12 5 2 122
$743,500 2,485 0 - 4,500 sqft 3 3.5 13 6 4 129
$575,900 2,138 0 - 4,500 sqft 3 3.5 12 1 1 91
$489,900 2,161 0 - 4,500 sqft 3 3 19 4 8 77