Thu Apr 02 2020
This week the median list price for Houston, TX 77005 is $1,600,000 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has held steady at or around 150.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$1,600,000|
|Per Square Foot||$398|
|Days on Market||140|
|Slight Buyer's Advantage|
Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$2,875,000||5,492||0.25 - 0.5 acre||5||5||6||4||3||178|
|$1,799,000||4,583||6,500 - 8,000 sqft||4||4||13||2||3||140|
|$1,397,000||3,623||4,500 - 6,500 sqft||4||3||27||5||0||121|
|$889,499||2,454||4,500 - 6,500 sqft||3||2||41||3||3||122|