Roger Martin Properties' Market Report

Houston, TX 77005

Single-Family Homes

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



Houston, TX 77005

Sat Oct 16 2021
This week the median list price for Houston, TX 77005 is $1,495,000 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has decreased to 89. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Houston, TX 77005

Sat Oct 16 2021
This week the median list price for Houston, TX 77005 is $1,495,000 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has decreased to 89. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $1,495,000
Median Price of New Listings $1,050,000
Per Square Foot $421
Average Days on Market 111
Median Days on Market 84
Price Decreased 51%
Price Increased 1%
Relisted 22%
Inventory 89
Median Rent $3,200
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
$2,747,500 5,385 8,000 - 10,000 sqft 4 5 15 1 1 101
$1,857,500 4,272 6,500 - 8,000 sqft 4 4 18 4 4 70
$1,150,000 3,526 4,500 - 6,500 sqft 4 3 33 3 4 77
$699,000 1,813 4,500 - 6,500 sqft 3 2 71 6 1 42