Roger Martin Properties' Market Report

Houston, TX 77007

Single-Family Homes

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



Houston, TX 77007

Fri May 25 2018
This week the median list price for Houston, TX 77007 is $499,900 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 343. Click here to stay informed with the Houston market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Houston, TX 77007

Fri May 25 2018
This week the median list price for Houston, TX 77007 is $499,900 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 343. Click here to stay informed with the Houston market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $499,900
Per Square Foot $212
Days on Market 117
Price Decreased 39%
Price Increased 3%
Relisted 12%
Inventory 343
Median House Rent $2,775
Most Expensive $4,350,000
Least Expensive $175,000
Market Action Index
Slight Seller's Advantage
30

We continue to see prices in this zip code hover around their high point. Look for a persistent 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
$979,800 3,668 0 - 4,500 sqft 3 3 10 7 5 110
$575,000 2,557 0 - 4,500 sqft 3 3 5 4 5 120
$459,450 2,340 0 - 4,500 sqft 3 3 5 3 11 105
$374,950 2,108 0 - 4,500 sqft 3 2 12 8 11 131