Roger Martin Properties' Market Report

Houston, TX 77008

Single-Family Homes

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



Houston, TX 77008

Sat Sep 19 2020
This week the median list price for Houston, TX 77008 is $559,500 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has held steady at or around 353. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Houston, TX 77008

Sat Sep 19 2020
This week the median list price for Houston, TX 77008 is $559,500 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has held steady at or around 353. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $559,500
Per Square Foot $239
Days on Market 124
Price Decreased 42%
Price Increased 3%
Relisted 24%
Inventory 353
Median Rent $2,490
Most Expensive $2,570,000
Least Expensive $250,000
Market Action 34
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
$1,012,614 3,313 4,500 - 6,500 sqft 4 3 12 10 8 113
$649,450 2,734 0 - 4,500 sqft 3 2 6 5 6 147
$499,250 2,406 0 - 4,500 sqft 3 2 6 7 8 137
$407,990 2,127 0 - 4,500 sqft 3 3 7 10 17 99