Roger Martin Properties' Market Report

Houston, TX 77008

Single-Family Homes

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



Houston, TX 77008

Tue May 26 2020
This week the median list price for Houston, TX 77008 is $534,855 with the market action index hovering around 31. This is less than last month's market action index of 32. 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 Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 77008

Tue May 26 2020
This week the median list price for Houston, TX 77008 is $534,855 with the market action index hovering around 31. This is less than last month's market action index of 32. 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 Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $534,855
Per Square Foot $225
Days on Market 120
Price Decreased 37%
Price Increased 4%
Relisted 17%
Inventory 352
Median Rent $2,470
Most Expensive $2,570,000
Least Expensive $275,000
Market Action 31
Slight Seller's Advantage

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
$852,495 3,118 4,500 - 6,500 sqft 4 3 7 5 2 106
$599,900 2,677 0 - 4,500 sqft 3 2 4 8 8 169
$475,000 2,390 0 - 4,500 sqft 3 3 5 8 11 117
$392,450 2,079 0 - 4,500 sqft 3 3 7 10 14 87