Roger Martin Properties' Market Report

Houston, TX 77005

Single-Family Homes

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


Houston, TX 77005

Thu Apr 02 2020
This week the median list price for Houston, TX 77005 is $1,600,000 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has held steady at or around 150. 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

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Houston, TX 77005

Thu Apr 02 2020
This week the median list price for Houston, TX 77005 is $1,600,000 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has held steady at or around 150. 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

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $1,600,000
Per Square Foot $398
Days on Market 140
Price Decreased 40%
Price Increased 1%
Relisted 19%
Inventory 150
Median Rent $2,775
Most Expensive $12,800,000
Least Expensive $499,000
Market Action 28
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
$2,875,000 5,492 0.25 - 0.5 acre 5 5 6 4 3 178
$1,799,000 4,583 6,500 - 8,000 sqft 4 4 13 2 3 140
$1,397,000 3,623 4,500 - 6,500 sqft 4 3 27 5 0 121
$889,499 2,454 4,500 - 6,500 sqft 3 2 41 3 3 122