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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|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|
|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.
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|