Roger Martin Properties' Market Report

Houston, TX 77005

Single-Family Homes

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



Houston, TX 77005

Sun Jun 24 2018
This week the median list price for Houston, TX 77005 is $1,437,000 with the market action index hovering around 32. This is less than last month's market action index of 34. Inventory has held steady at or around 128. Click here to stay informed with the Houston 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 started cooling and prices have been flat for several weeks. Since 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.

Houston, TX 77005

Sun Jun 24 2018
This week the median list price for Houston, TX 77005 is $1,437,000 with the market action index hovering around 32. This is less than last month's market action index of 34. Inventory has held steady at or around 128. Click here to stay informed with the Houston 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 started cooling and prices have been flat for several weeks. Since 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 Houston market.
Median List Price $1,437,000
Per Square Foot $388
Days on Market 129
Price Decreased 46%
Price Increased 5%
Relisted 15%
Inventory 128
Median House Rent $4,400
Most Expensive $16,500,000
Least Expensive $449,000
Market Action Index
Slight Seller's Advantage
32

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
$2,524,500 5,166 8,000 - 10,000 sqft 4 5 11 3 1 152
$1,675,000 4,534 6,500 - 8,000 sqft 4 4 16 3 3 138
$1,224,250 3,568 4,500 - 6,500 sqft 4 3 27 7 3 89
$789,500 2,334 4,500 - 6,500 sqft 3 2 48 8 4 138