Roger Martin Properties' Market Report

Houston, TX 77005

Single-Family Homes

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



Houston, TX 77005

Tue May 18 2021
This week the median list price for Houston, TX 77005 is $1,675,000 with the market action index hovering around 46. This is an increase over last month's market action index of 43. Inventory has decreased to 69. 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.

Strong Seller's Market

The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Houston, TX 77005

Tue May 18 2021
This week the median list price for Houston, TX 77005 is $1,675,000 with the market action index hovering around 46. This is an increase over last month's market action index of 43. Inventory has decreased to 69. 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.

Strong Seller's Market

The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $1,675,000
Median Price of New Listings $1,387,000
Per Square Foot $420
Average Days on Market 110
Median Days on Market 35
Price Decreased 28%
Price Increased 3%
Relisted 12%
Inventory 69
Median Rent $3,750
Market Action 46
Strong Seller's Market

The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.

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
$2,845,000 5,558 8,000 - 10,000 sqft 5 5 13 4 3 84
$1,995,000 4,525 6,500 - 8,000 sqft 4 4 9 1 1 35
$1,325,000 3,477 4,500 - 6,500 sqft 4 3 31 9 6 7
$774,000 2,173 4,500 - 6,500 sqft 3 2 69 0 6 49