Roger Martin Properties' Market Report
Houston, TX 77005
Single-Family Homes
www.rogermartinproperties.com | 713-661-2300 | roger@rogermartin.com
Houston, TX 77005
Sat Dec 07 2019
This week the median list price for Houston, TX 77005 is $1,650,000 with the market action index hovering around 28. This is an increase over last month's market action index of 27. Inventory has held steady at or around 129.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Real-Time Market Profile
| Median List Price | $1,650,000 | |
| Per Square Foot | $397 | |
| Days on Market | 164 | |
| Price Decreased | 55% | |
| Price Increased | 0% | |
| Relisted | 20% | |
| Inventory | 129 | |
| Median Rent | $3,000 | |
| Most Expensive | $5,299,000 | |
| Least Expensive | $422,500 | |
| Market Action | 28 | |
| 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.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,896,500 | 5,508 | 8,000 - 10,000 sqft | 5 | 5 | 2 | 2 | 1 | 192 |
| $1,824,999 | 4,612 | 6,500 - 8,000 sqft | 4 | 5 | 7 | 0 | 2 | 211 |
| $1,449,250 | 3,700 | 4,500 - 6,500 sqft | 4 | 3 | 20 | 0 | 4 | 107 |
| $899,999 | 2,630 | 4,500 - 6,500 sqft | 3 | 3 | 36 | 2 | 4 | 145 |