Roger Martin Properties' Market Report

Houston, TX 77007

Single-Family Homes

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



Houston, TX 77007

Sat Dec 07 2019
This week the median list price for Houston, TX 77007 is $499,000 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 352. 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 Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Houston, TX 77007

Sat Dec 07 2019
This week the median list price for Houston, TX 77007 is $499,000 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 352. 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 Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $499,000
Per Square Foot $209
Days on Market 142
Price Decreased 44%
Price Increased 3%
Relisted 21%
Inventory 352
Median Rent $2,650
Most Expensive $5,390,000
Least Expensive $230,000
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
$857,499 3,354 0 - 4,500 sqft 3 3 9 5 4 206
$549,000 2,516 0 - 4,500 sqft 3 3 1 8 5 123
$464,900 2,422 0 - 4,500 sqft 3 3 5 4 5 117
$389,450 2,103 0 - 4,500 sqft 3 3 12 7 13 121