Roger Martin Properties' Market Report

Houston, TX 77019

Single-Family Homes

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



Houston, TX 77019

Fri Jul 10 2020
This week the median list price for Houston, TX 77019 is $1,547,450 with the market action index hovering around 25. This is an increase over last month's market action index of 23. Inventory has held steady at or around 134. 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 Buyer's Advantage

The market shows signs of warming up, with sales demand recently increasing faster than inventory. Prices have not yet responded as the market is still working through excess inventory. It’s unlikely that we’ll see prices level off or move higher until the MAI sustains its upward trend and maybe not until the inventory is depleted enough to create a Seller’s market.

Houston, TX 77019

Fri Jul 10 2020
This week the median list price for Houston, TX 77019 is $1,547,450 with the market action index hovering around 25. This is an increase over last month's market action index of 23. Inventory has held steady at or around 134. 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 Buyer's Advantage

The market shows signs of warming up, with sales demand recently increasing faster than inventory. Prices have not yet responded as the market is still working through excess inventory. It’s unlikely that we’ll see prices level off or move higher until the MAI sustains its upward trend and maybe not until the inventory is depleted enough to create a Seller’s market.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $1,547,450
Per Square Foot $377
Days on Market 172
Price Decreased 38%
Price Increased 0%
Relisted 24%
Inventory 134
Median Rent $2,650
Most Expensive $9,500,000
Least Expensive $275,000
Market Action 25
Slight Buyer's Advantage

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$5,495,000 7,278 0.25 - 0.5 acre 5 7 30 1 1 248
$2,495,000 5,042 8,000 - 10,000 sqft 4 4 20 4 2 188
$1,012,000 3,264 0 - 4,500 sqft 3 3 6 0 3 140
$564,950 2,474 0 - 4,500 sqft 3 3 7 3 4 114