Roger Martin Properties' Market Report

Houston, TX 77005

Single-Family Homes

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



Houston, TX 77005

Tue Mar 19 2024
This week the median list price for Houston, TX 77005 is $1,897,000 with the market action index hovering around 34. This is an increase over last month's market action index of 31. Inventory has increased to 56. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Houston, TX 77005

Tue Mar 19 2024
This week the median list price for Houston, TX 77005 is $1,897,000 with the market action index hovering around 34. This is an increase over last month's market action index of 31. Inventory has increased to 56. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $1,897,000
Median Price of New Listings $2,349,000
Per Square Foot $531
Average Days on Market 144
Median Days on Market 67
Price Decreased 29%
Price Increased 2%
Relisted 20%
Inventory 56
Median Rent
Market Action 34
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$3,474,500 5,820 0.25 - 0.5 acre 4 5.5 4 2 2 171
$2,312,500 3,916 4,500 - 6,500 sqft 4 4.5 16 6 1 45
$1,600,000 3,572 4,500 - 6,500 sqft 4 3.5 56 1 2 28
$769,500 1,791 4,500 - 6,500 sqft 3 2.3 77 1 3 87