Roger Martin Properties' Market Report
Houston, TX 77005
Single-Family Homes
www.rogermartinproperties.com | 713-661-2300 | roger@rogermartin.com
Houston, TX 77005
Sat Jul 11 2020
This week the median list price for Houston, TX 77005 is $1,592,000 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has held steady at or around 146.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.
Real-Time Market Profile
| Median List Price | $1,592,000 | |
| Per Square Foot | $399 | |
| Days on Market | 130 | |
| Price Decreased | 48% | |
| Price Increased | 0% | |
| Relisted | 16% | |
| Inventory | 146 | |
| Median Rent | $3,750 | |
| Most Expensive | $5,499,000 | |
| Least Expensive | $456,000 | |
| Market Action | 29 | |
| Slight Buyer's Advantage | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $2,750,000 | 5,422 | 8,000 - 10,000 sqft | 5 | 5 | 5 | 1 | 2 | 135 |
| $1,742,500 | 4,293 | 4,500 - 6,500 sqft | 4 | 4 | 3 | 1 | 0 | 151 |
| $1,370,000 | 3,800 | 4,500 - 6,500 sqft | 4 | 3 | 22 | 4 | 3 | 115 |
| $895,000 | 2,614 | 4,500 - 6,500 sqft | 3 | 2 | 43 | 4 | 4 | 119 |