Roger Martin Properties' Market Report
Houston, TX 77019
Single-Family Homes
www.rogermartinproperties.com | 713-661-2300 | roger@rogermartin.com
Houston, TX 77019
Sun Dec 22 2024
This week the median list price for Houston, TX 77019 is $2,199,900 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has decreased to 65.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.
Real-Time Market Profile
| Median List Price | $2,199,900 | |
| Median Price of New Listings | $675,000 | |
| Per Square Foot | $516 | |
| Average Days on Market | 170 | |
| Median Days on Market | 105 | |
| Price Decreased | 48% | |
| Price Increased | 0% | |
| Relisted | 35% | |
| Inventory | 65 | |
| Median Rent | ||
| Market Action | 29 | |
| Slight Buyer's Advantage | ||
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $7,835,000 | 8,879 | 1 - 2.5 acres | 5 | 6.3 | 34 | 0 | 0 | 203 |
| $3,645,000 | 5,788 | 0.25 - 0.5 acre | 4 | 5 | 23 | 0 | 0 | 122 |
| $1,350,000 | 3,564 | 4,500 - 6,500 sqft | 4 | 3.5 | 19 | 0 | 2 | 84 |
| $750,000 | 2,736 | 0 - 4,500 sqft | 3 | 3.5 | 17 | 1 | 0 | 77 |