Roger Martin Properties' Market Report

Houston, TX 77005

Single-Family Homes

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



Houston, TX 77005

Wed Mar 20 2019
This week the median list price for Houston, TX 77005 is $1,697,000 with the market action index hovering around 30. This is an increase over last month's market action index of 29. Inventory has held steady at or around 118. Click here to stay informed with the Houston market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller'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

Wed Mar 20 2019
This week the median list price for Houston, TX 77005 is $1,697,000 with the market action index hovering around 30. This is an increase over last month's market action index of 29. Inventory has held steady at or around 118. Click here to stay informed with the Houston market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller'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 $1,697,000
Per Square Foot $420
Days on Market 153
Price Decreased 29%
Price Increased 0%
Relisted 14%
Inventory 118
Median House Rent $2,245
Most Expensive $15,000,000
Least Expensive $495,000
Market Action Index
Slight Seller's Advantage
30

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$2,799,000 5,790 0.25 - 0.5 acre 5 5 5 1 0 286
$2,099,000 4,813 6,500 - 8,000 sqft 4 4 11 5 1 121
$1,392,475 3,590 4,500 - 6,500 sqft 4 3 26 4 3 114
$882,000 2,564 4,500 - 6,500 sqft 3 2 68 5 2 97