Roger Martin Properties' Market Report

Houston, TX 77005

Single-Family Homes

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



Houston, TX 77005

Sat Feb 04 2023
This week the median list price for Houston, TX 77005 is $1,825,000 with the market action index hovering around 34. This is less than last month's market action index of 38. Inventory has increased to 47. 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 Feb 04 2023
This week the median list price for Houston, TX 77005 is $1,825,000 with the market action index hovering around 34. This is less than last month's market action index of 38. Inventory has increased to 47. 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 $1,825,000
Median Price of New Listings $1,799,000
Per Square Foot $519
Average Days on Market 130
Median Days on Market 70
Price Decreased 34%
Price Increased 2%
Relisted 23%
Inventory 47
Median Rent
Market Action 34
Slight Seller's Advantage

In the last few weeks we’ve seen prices in this zip code bouncing around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.

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
$3,245,000 5,598 8,000 - 10,000 sqft 4 5 13 0 0 84
$2,250,000 3,893 4,500 - 6,500 sqft 4 4.3 0 2 1 21
$1,606,000 3,458 6,500 - 8,000 sqft 4 3.8 29 2 1 59
$839,950 2,245 4,500 - 6,500 sqft 3 2.5 50 1 0 136