Roger Martin Properties' Market Report

Houston, TX 77008

Single-Family Homes

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



Houston, TX 77008

Fri Nov 15 2019
This week the median list price for Houston, TX 77008 is $520,000 with the market action index hovering around 31. This is less than last month's market action index of 32. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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.

Houston, TX 77008

Fri Nov 15 2019
This week the median list price for Houston, TX 77008 is $520,000 with the market action index hovering around 31. This is less than last month's market action index of 32. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Never miss important changes in the Houston market.
Median List Price $520,000
Per Square Foot $213
Days on Market 128
Price Decreased 48%
Price Increased 3%
Relisted 18%
Inventory 353
Median Rent $2,075
Most Expensive $2,700,000
Least Expensive $250,000
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
$862,500 3,099 4,500 - 6,500 sqft 4 3 6 7 5 104
$577,250 2,613 0 - 4,500 sqft 3 3 3 4 3 144
$449,450 2,180 0 - 4,500 sqft 3 3 5 5 10 137
$373,000 2,029 0 - 4,500 sqft 3 3 5 3 5 125