Roger Martin Properties' Market Report

Houston, TX 77008

Single-Family Homes

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



Houston, TX 77008

Mon Mar 01 2021
This week the median list price for Houston, TX 77008 is $525,000 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has held steady at or around 232. 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

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

Mon Mar 01 2021
This week the median list price for Houston, TX 77008 is $525,000 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has held steady at or around 232. 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

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 $525,000
Per Square Foot $252
Days on Market 91
Price Decreased 33%
Price Increased 3%
Relisted 19%
Inventory 232
Median Rent $2,500
Most Expensive $1,799,900
Least Expensive $298,000
Market Action 37
Slight Seller'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
$1,082,000 3,159 6,500 - 8,000 sqft 3 3 13 8 11 91
$599,999 2,516 0 - 4,500 sqft 3 2 10 3 9 73
$471,950 2,160 0 - 4,500 sqft 3 3 6 3 9 94
$384,950 1,976 0 - 4,500 sqft 3 3 13 8 6 84