Roger Martin Properties' Market Report

Houston, TX 77007

Single-Family Homes

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



Houston, TX 77007

Mon Jan 24 2022
This week the median list price for Houston, TX 77007 is $570,000 with the market action index hovering around 43. This is an increase over last month's market action index of 42. Inventory has decreased to 137. 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

Mon Jan 24 2022
This week the median list price for Houston, TX 77007 is $570,000 with the market action index hovering around 43. This is an increase over last month's market action index of 42. Inventory has decreased to 137. 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 $570,000
Median Price of New Listings $514,990
Per Square Foot $245
Average Days on Market 123
Median Days on Market 84
Price Decreased 28%
Price Increased 7%
Relisted 15%
Inventory 137
Median Rent $2,800
Market Action 43
Slight Seller's Advantage

We continue to see prices in this zip code bounce around this 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
$1,474,950 3,799 6,500 - 8,000 sqft 4 3.5 11 1 4 108
$647,450 2,507 0 - 4,500 sqft 3 3.5 3 3 6 112
$525,000 2,339 0 - 4,500 sqft 3 3.5 13 7 9 59
$415,000 2,292 0 - 4,500 sqft 3 3.5 17 3 7 84