Roger Martin Properties' Market Report

Houston, TX 77005

Single-Family Homes

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



Houston, TX 77005

Thu Mar 30 2023
This week the median list price for Houston, TX 77005 is $2,104,500 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has increased to 50. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Houston, TX 77005

Thu Mar 30 2023
This week the median list price for Houston, TX 77005 is $2,104,500 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has increased to 50. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $2,104,500
Median Price of New Listings $1,395,000
Per Square Foot $519
Average Days on Market 122
Median Days on Market 53
Price Decreased 28%
Price Increased 4%
Relisted 16%
Inventory 50
Median Rent
Market Action 35
Slight Seller's Advantage

You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$3,500,000 6,541 0.25 - 0.5 acre 5 5.5 19 0 1 63
$2,422,500 4,449 6,500 - 8,000 sqft 4 4.8 1 2 1 45
$1,884,000 3,935 4,500 - 6,500 sqft 4 4.5 8 1 4 49
$840,000 2,750 4,500 - 6,500 sqft 3 2.5 45 4 6 112