Roger Martin Properties' Market Report

Houston, TX 77007

Single-Family Homes

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



Houston, TX 77007

Tue May 18 2021
This week the median list price for Houston, TX 77007 is $558,500 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has held steady at or around 212. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Houston, TX 77007

Tue May 18 2021
This week the median list price for Houston, TX 77007 is $558,500 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has held steady at or around 212. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $558,500
Median Price of New Listings $537,000
Per Square Foot $229
Average Days on Market 80
Median Days on Market 42
Price Decreased 35%
Price Increased 7%
Relisted 17%
Inventory 212
Median Rent $2,700
Market Action 43
Slight Seller's Advantage

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$995,000 3,535 0 - 4,500 sqft 3 3 11 9 7 56
$634,900 2,514 0 - 4,500 sqft 3 3 7 8 6 35
$490,000 2,294 0 - 4,500 sqft 3 3 7 9 5 35
$405,000 2,036 0 - 4,500 sqft 3 3 14 14 6 42