Roger Martin Properties' Market Report

Houston, TX 77008

Single-Family Homes

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



Houston, TX 77008

Mon Apr 06 2020
This week the median list price for Houston, TX 77008 is $534,900 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 333. 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 started cooling and prices have been flat for several weeks. Since 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

Mon Apr 06 2020
This week the median list price for Houston, TX 77008 is $534,900 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 333. 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 started cooling and prices have been flat for several weeks. Since 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 $534,900
Per Square Foot $222
Days on Market 122
Price Decreased 36%
Price Increased 2%
Relisted 13%
Inventory 333
Median Rent $2,125
Most Expensive $1,849,000
Least Expensive $275,000
Market Action 32
Slight Seller's Advantage

We continue to see prices in this zip code hover around their high point. Look for a persistent 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
$825,000 3,118 4,500 - 6,500 sqft 4 3 5 3 6 123
$597,500 2,589 0 - 4,500 sqft 3 2 5 6 6 163
$479,000 2,280 0 - 4,500 sqft 3 3 7 6 4 118
$379,000 2,091 0 - 4,500 sqft 3 3 8 9 10 82