Roger Martin Properties' Market Report

Pearland, TX 77584

Single-Family Homes

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



Pearland, TX 77584

Thu Sep 20 2018
This week the median list price for Pearland, TX 77584 is $314,400 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has held steady at or around 306. Click here to stay informed with the Pearland market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Pearland, TX 77584

Thu Sep 20 2018
This week the median list price for Pearland, TX 77584 is $314,400 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has held steady at or around 306. Click here to stay informed with the Pearland market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 Pearland market.
Median List Price $314,400
Per Square Foot $110
Days on Market 89
Price Decreased 62%
Price Increased 5%
Relisted 15%
Inventory 306
Median House Rent $1,998
Most Expensive $1,750,000
Least Expensive $159,900
Market Action Index
Slight Seller's Advantage
38

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
$429,900 3,967 0.25 - 0.5 acre 4 3 5 2 3 121
$345,000 3,172 8,000 - 10,000 sqft 4 3 10 5 3 102
$289,900 2,711 6,500 - 8,000 sqft 4 2 10 4 7 88
$239,000 2,061 6,500 - 8,000 sqft 3 2 19 16 12 47