Roger Martin Properties' Market Report

Houston, TX 77005

Single-Family Homes

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



Houston, TX 77005

Mon Oct 03 2022
This week the median list price for Houston, TX 77005 is $1,400,000 with the market action index hovering around 36. This is less than last month's market action index of 38. Inventory has increased to 67. 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Houston, TX 77005

Mon Oct 03 2022
This week the median list price for Houston, TX 77005 is $1,400,000 with the market action index hovering around 36. This is less than last month's market action index of 38. Inventory has increased to 67. 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $1,400,000
Median Price of New Listings $1,685,000
Per Square Foot $471
Average Days on Market 112
Median Days on Market 70
Price Decreased 45%
Price Increased 1%
Relisted 25%
Inventory 67
Median Rent
Market Action 36
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$3,192,500 5,241 0.25 - 0.5 acre 4 5 19 2 2 80
$1,950,000 4,511 4,500 - 6,500 sqft 4 4.5 20 1 1 63
$1,195,000 2,750 4,500 - 6,500 sqft 4 3 45 0 0 77
$850,000 1,870 4,500 - 6,500 sqft 3 2 77 2 0 28