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.
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
| 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 |