Roger Martin Properties' Market Report

Houston, TX 77096

Single-Family Homes

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



Houston, TX 77096

Sun Jun 24 2018
This week the median list price for Houston, TX 77096 is $380,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has held steady at or around 233. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes it’s 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 77096

Sun Jun 24 2018
This week the median list price for Houston, TX 77096 is $380,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has held steady at or around 233. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes it’s 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 $380,000
Per Square Foot $169
Days on Market 104
Price Decreased 53%
Price Increased 3%
Relisted 13%
Inventory 233
Median House Rent $2,300
Most Expensive $1,498,000
Least Expensive $210,000
Market Action Index
Slight Seller's Advantage
31

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$637,000 3,435 8,000 - 10,000 sqft 4 3 55 8 4 112
$419,450 2,293 8,000 - 10,000 sqft 4 2 57 6 5 85
$349,894 2,267 8,000 - 10,000 sqft 4 2 56 6 3 107
$298,500 2,100 8,000 - 10,000 sqft 3 2 57 2 7 112