Roger Martin Properties' Market Report

Houston, TX 77008

Single-Family Homes

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



Houston, TX 77008

Tue Mar 28 2023
This week the median list price for Houston, TX 77008 is $669,900 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has held steady at or around 130. 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

Tue Mar 28 2023
This week the median list price for Houston, TX 77008 is $669,900 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has held steady at or around 130. 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 $669,900
Median Price of New Listings $749,000
Per Square Foot $283
Average Days on Market 97
Median Days on Market 56
Price Decreased 29%
Price Increased 5%
Relisted 15%
Inventory 130
Median Rent
Market Action 43
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
$1,297,000 3,286 4,500 - 6,500 sqft 4 4 7 6 4 77
$782,450 2,593 0 - 4,500 sqft 3 2.5 10 7 6 56
$607,900 2,400 0 - 4,500 sqft 3 2.5 1 4 3 63
$481,700 2,050 0 - 4,500 sqft 3 3.5 9 4 10 49