Monica Foster Team of eXp Realty

Houston, TX 77059

Single-Family Homes

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Houston, TX 77059

Fri Oct 15 2021
This week the median list price for Houston, TX 77059 is $465,750 with the market action index hovering around 61. This is less than last month's market action index of 68. Inventory has increased to 38. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 77059

Fri Oct 15 2021
This week the median list price for Houston, TX 77059 is $465,750 with the market action index hovering around 61. This is less than last month's market action index of 68. Inventory has increased to 38. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $465,750
Median Price of New Listings $312,450
Per Square Foot $134
Average Days on Market 51
Median Days on Market 32
Price Decreased 47%
Price Increased 3%
Relisted 11%
Inventory 38
Median Rent $2,400
Market Action 61
Strong Seller's Market

We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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
$695,000 4,680 0.25 - 0.5 acre 4 3 25 0 0 49
$547,500 3,543 8,000 - 10,000 sqft 4 3 25 0 0 28
$428,950 3,315 8,000 - 10,000 sqft 5 3 25 1 1 35
$314,750 2,430 6,500 - 8,000 sqft 4 2 44 7 5 7