Roger Martin Properties' Market Report

Houston, TX 77008

Single-Family Homes

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



Houston, TX 77008

Sat Jul 31 2021
This week the median list price for Houston, TX 77008 is $566,000 with the market action index hovering around 45. This is less than last month's market action index of 48. Inventory has increased to 250. 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.

Strong Seller's Market

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

Sat Jul 31 2021
This week the median list price for Houston, TX 77008 is $566,000 with the market action index hovering around 45. This is less than last month's market action index of 48. Inventory has increased to 250. 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.

Strong Seller's Market

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 $566,000
Median Price of New Listings $497,000
Per Square Foot $265
Average Days on Market 96
Median Days on Market 35
Price Decreased 42%
Price Increased 6%
Relisted 17%
Inventory 250
Median Rent $2,700
Market Action 45
Strong Seller's Market

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
$1,087,500 3,080 6,500 - 8,000 sqft 4 3 17 5 5 35
$638,450 2,442 0 - 4,500 sqft 3 2 14 3 3 42
$499,000 2,160 0 - 4,500 sqft 3 2 14 10 9 35
$410,000 2,056 0 - 4,500 sqft 3 3 11 8 9 35