Roger Martin Properties' Market Report

Houston, TX 77008

Single-Family Homes

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



Houston, TX 77008

Sat Sep 21 2019
This week the median list price for Houston, TX 77008 is $499,000 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 314. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Houston, TX 77008

Sat Sep 21 2019
This week the median list price for Houston, TX 77008 is $499,000 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 314. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $499,000
Per Square Foot $217
Days on Market 117
Price Decreased 47%
Price Increased 3%
Relisted 23%
Inventory 314
Median House Rent $2,150
Most Expensive $2,700,000
Least Expensive $250,000
Market Action Index
Slight Seller's Advantage
36

Prices in this zip code seem to have settled around a 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
$849,750 3,159 4,500 - 6,500 sqft 4 3 5 7 2 121
$566,994 2,531 0 - 4,500 sqft 3 3 4 6 7 109
$449,000 2,130 0 - 4,500 sqft 3 3 5 5 7 130
$379,900 2,029 0 - 4,500 sqft 3 3 7 5 10 110