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 31 2021
This week the median list price for Houston, TX 77005 is $1,512,500 with the market action index hovering around 39. This is less than last month's market action index of 43. Inventory has increased to 98. 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Houston, TX 77005

Sat Jul 31 2021
This week the median list price for Houston, TX 77005 is $1,512,500 with the market action index hovering around 39. This is less than last month's market action index of 43. Inventory has increased to 98. 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $1,512,500
Median Price of New Listings $1,400,000
Per Square Foot $436
Average Days on Market 88
Median Days on Market 49
Price Decreased 48%
Price Increased 3%
Relisted 20%
Inventory 98
Median Rent $3,750
Market Action 39
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. 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
$2,860,000 5,581 8,000 - 10,000 sqft 5 5 14 0 0 52
$1,874,500 4,178 4,500 - 6,500 sqft 4 4 7 1 6 63
$1,275,000 3,523 4,500 - 6,500 sqft 4 3 29 2 6 21
$749,998 1,958 4,500 - 6,500 sqft 3 2 71 0 3 49