Roger Martin Properties' Market Report

Houston, TX 77019

Single-Family Homes

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



Houston, TX 77019

Fri Sep 20 2019
This week the median list price for Houston, TX 77019 is $1,595,000 with the market action index hovering around 29. This is an increase over last month's market action index of 27. Inventory has held steady at or around 119. 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

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Houston, TX 77019

Fri Sep 20 2019
This week the median list price for Houston, TX 77019 is $1,595,000 with the market action index hovering around 29. This is an increase over last month's market action index of 27. Inventory has held steady at or around 119. 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

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $1,595,000
Per Square Foot $377
Days on Market 125
Price Decreased 41%
Price Increased 1%
Relisted 22%
Inventory 119
Median House Rent $2,500
Most Expensive $9,950,000
Least Expensive $239,000
Market Action Index
Slight Buyer's Advantage
29

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
$4,599,000 7,389 0.25 - 0.5 acre 5 6 26 1 10 130
$1,840,000 4,471 6,500 - 8,000 sqft 4 4 11 3 7 148
$949,499 3,475 4,500 - 6,500 sqft 4 3 5 1 5 130
$563,950 2,477 0 - 4,500 sqft 3 3 14 1 6 93