Roger Martin Properties' Market Report

Houston, TX 77005

Single-Family Homes

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



Houston, TX 77005

Thu Dec 08 2022
This week the median list price for Houston, TX 77005 is $1,649,750 with the market action index hovering around 36. This is less than last month's market action index of 40. Inventory has held steady at or around 54. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Thu Dec 08 2022
This week the median list price for Houston, TX 77005 is $1,649,750 with the market action index hovering around 36. This is less than last month's market action index of 40. Inventory has held steady at or around 54. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $1,649,750
Median Price of New Listings $1,500,000
Per Square Foot $473
Average Days on Market 115
Median Days on Market 70
Price Decreased 39%
Price Increased 0%
Relisted 24%
Inventory 54
Median Rent
Market Action 36
Slight Seller's Advantage

Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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
$3,245,000 5,838 8,000 - 10,000 sqft 4 5 22 1 0 84
$2,150,000 4,208 6,500 - 8,000 sqft 5 4.5 18 0 1 70
$1,469,950 3,313 4,500 - 6,500 sqft 4 3.5 27 4 1 7
$874,500 2,096 4,500 - 6,500 sqft 3 2.5 64 0 1 98