Roger Martin Properties' Market Report

Houston, TX 77008

Single-Family Homes

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



Houston, TX 77008

Wed Jan 22 2020
This week the median list price for Houston, TX 77008 is $519,900 with the market action index hovering around 31. This is an increase over last month's market action index of 29. Inventory has held steady at or around 277. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Houston, TX 77008

Wed Jan 22 2020
This week the median list price for Houston, TX 77008 is $519,900 with the market action index hovering around 31. This is an increase over last month's market action index of 29. Inventory has held steady at or around 277. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $519,900
Per Square Foot $218
Days on Market 143
Price Decreased 37%
Price Increased 5%
Relisted 17%
Inventory 277
Median Rent $2,600
Most Expensive $1,849,000
Least Expensive $224,900
Market Action 31
Slight Seller's Advantage

We continue to see prices in this zip code bounce around this 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
$899,000 3,049 4,500 - 6,500 sqft 4 3 7 10 6 115
$595,000 2,600 0 - 4,500 sqft 3 2 3 6 3 171
$458,500 2,213 0 - 4,500 sqft 3 3 5 13 9 138
$377,000 2,004 0 - 4,500 sqft 3 3 6 10 4 145