Roger Martin Properties' Market Report

Houston, TX 77019

Single-Family Homes

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



Houston, TX 77019

Sat Jul 31 2021
This week the median list price for Houston, TX 77019 is $945,500 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has increased to 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 Seller's Advantage

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Houston, TX 77019

Sat Jul 31 2021
This week the median list price for Houston, TX 77019 is $945,500 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has increased to 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 Seller's Advantage

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $945,500
Median Price of New Listings $799,900
Per Square Foot $326
Average Days on Market 126
Median Days on Market 77
Price Decreased 30%
Price Increased 3%
Relisted 18%
Inventory 119
Median Rent $2,775
Market Action 30
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$3,850,000 7,231 0.25 - 0.5 acre 5 6 27 0 2 105
$1,649,500 4,182 4,500 - 6,500 sqft 4 3 15 3 2 101
$794,000 3,016 0 - 4,500 sqft 3 3 7 3 3 49
$577,500 2,301 0 - 4,500 sqft 3 2 10 4 1 56