Roger Martin Properties' Market Report

Houston, TX 77007

Single-Family Homes

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



Houston, TX 77007

Thu Nov 14 2019
This week the median list price for Houston, TX 77007 is $487,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 364. 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 Buyer'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

Thu Nov 14 2019
This week the median list price for Houston, TX 77007 is $487,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 364. 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 Buyer'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 $487,000
Per Square Foot $208
Days on Market 148
Price Decreased 49%
Price Increased 3%
Relisted 24%
Inventory 364
Median Rent $2,650
Most Expensive $5,390,000
Least Expensive $169,900
Market Action 29
Slight Buyer'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
$838,888 3,227 0 - 4,500 sqft 3 3 10 8 9 199
$539,900 2,468 0 - 4,500 sqft 3 3 2 13 7 141
$449,900 2,374 0 - 4,500 sqft 3 3 5 5 5 124
$379,990 2,104 0 - 4,500 sqft 3 3 13 5 11 125