Roger Martin Properties' Market Report

Houston, TX 77005

Single-Family Homes

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



Houston, TX 77005

Wed May 27 2020
This week the median list price for Houston, TX 77005 is $1,585,000 with the market action index hovering around 26. This is less than last month's market action index of 27. Inventory has held steady at or around 153. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Houston, TX 77005

Wed May 27 2020
This week the median list price for Houston, TX 77005 is $1,585,000 with the market action index hovering around 26. This is less than last month's market action index of 27. Inventory has held steady at or around 153. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $1,585,000
Per Square Foot $398
Days on Market 151
Price Decreased 40%
Price Increased 1%
Relisted 17%
Inventory 153
Median Rent $3,550
Most Expensive $12,800,000
Least Expensive $470,000
Market Action 26
Slight Buyer's Advantage

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
$2,689,000 5,423 8,000 - 10,000 sqft 5 5 5 1 4 196
$1,695,000 4,403 6,500 - 8,000 sqft 4 4 13 7 3 158
$1,357,500 3,541 4,500 - 6,500 sqft 4 3 29 2 5 99
$935,000 2,678 4,500 - 6,500 sqft 3 2 43 4 6 148