Roger Martin Properties' Market Report

Houston, TX 77007

Single-Family Homes

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



Houston, TX 77007

Fri Jul 01 2022
This week the median list price for Houston, TX 77007 is $610,000 with the market action index hovering around 61. This is less than last month's market action index of 64. Inventory has increased to 109. 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.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Jul 01 2022
This week the median list price for Houston, TX 77007 is $610,000 with the market action index hovering around 61. This is less than last month's market action index of 64. Inventory has increased to 109. 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.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $610,000
Median Price of New Listings $525,000
Per Square Foot $260
Average Days on Market 57
Median Days on Market 21
Price Decreased 35%
Price Increased 1%
Relisted 13%
Inventory 109
Median Rent
Market Action 61
Strong Seller's Market

Despite the fact that prices in this zip code dipped a bit this week, the median price hasn’t moved much in the last few weeks and we remain 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
$1,699,999 3,834 8,000 - 10,000 sqft 4 3.5 16 1 4 49
$730,000 2,773 0 - 4,500 sqft 3 3.5 11 3 4 14
$550,000 2,485 0 - 4,500 sqft 3 3.5 10 9 10 14
$454,500 2,104 0 - 4,500 sqft 3 2.5 17 12 11 10