Roger Martin Properties' Market Report

Houston, TX 77008

Single-Family Homes

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



Houston, TX 77008

Sun May 29 2022
This week the median list price for Houston, TX 77008 is $649,000 with the market action index hovering around 73. This is an increase over last month's market action index of 70. Inventory has increased to 87. 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

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 77008

Sun May 29 2022
This week the median list price for Houston, TX 77008 is $649,000 with the market action index hovering around 73. This is an increase over last month's market action index of 70. Inventory has increased to 87. 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

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 $649,000
Median Price of New Listings $649,000
Per Square Foot $320
Average Days on Market 59
Median Days on Market 7
Price Decreased 29%
Price Increased 1%
Relisted 13%
Inventory 87
Median Rent
Market Action 73
Strong Seller's Market

While the median price in this zip code hasn’t moved much in the last few weeks, we are 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
$1,399,000 3,533 6,500 - 8,000 sqft 4 3.5 14 10 7 14
$725,000 2,389 4,500 - 6,500 sqft 3 2.8 16 7 5 10
$577,000 2,025 4,500 - 6,500 sqft 3 2 62 10 4 7
$475,000 1,938 0 - 4,500 sqft 3 2.5 19 8 5 10