Roger Martin Properties' Market Report

Houston, TX 77005

Single-Family Homes

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



Houston, TX 77005

Fri Mar 05 2021
This week the median list price for Houston, TX 77005 is $1,300,000 with the market action index hovering around 36. This is an increase over last month's market action index of 34. Inventory has held steady at or around 69. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Houston, TX 77005

Fri Mar 05 2021
This week the median list price for Houston, TX 77005 is $1,300,000 with the market action index hovering around 36. This is an increase over last month's market action index of 34. Inventory has held steady at or around 69. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $1,300,000
Per Square Foot $424
Days on Market 98
Price Decreased 36%
Price Increased 0%
Relisted 20%
Inventory 69
Median Rent $3,195
Most Expensive $10,900,000
Least Expensive $440,000
Market Action 36
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
$2,795,000 5,419 8,000 - 10,000 sqft 5 5 2 0 0 259
$1,850,000 4,081 6,500 - 8,000 sqft 4 4 10 1 6 126
$1,225,000 3,613 4,500 - 6,500 sqft 4 3 31 1 3 161
$808,750 2,327 4,500 - 6,500 sqft 3 2 75 2 3 31