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. 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

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.

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. 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

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

Never miss important changes in the Houston market.
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