Roger Martin Properties' Market Report

Houston, TX 77008

Single-Family Homes

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



Houston, TX 77008

Fri Jul 10 2020
This week the median list price for Houston, TX 77008 is $534,990 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has held steady at or around 343. 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

Fri Jul 10 2020
This week the median list price for Houston, TX 77008 is $534,990 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has held steady at or around 343. 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 $534,990
Per Square Foot $227
Days on Market 126
Price Decreased 42%
Price Increased 3%
Relisted 20%
Inventory 343
Median Rent $2,500
Most Expensive $2,570,000
Least Expensive $299,000
Market Action 33
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
$1,125,000 3,377 4,500 - 6,500 sqft 4 3 12 10 5 104
$634,500 2,889 0 - 4,500 sqft 3 2 5 8 12 164
$482,500 2,318 0 - 4,500 sqft 3 3 5 10 5 124
$399,250 2,029 0 - 4,500 sqft 3 3 7 5 7 112