Roger Martin Properties' Market Report

Houston, TX 77096

Single-Family Homes

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



Houston, TX 77096

Thu Dec 03 2020
This week the median list price for Houston, TX 77096 is $398,440 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 166. 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 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 its 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

Thu Dec 03 2020
This week the median list price for Houston, TX 77096 is $398,440 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 166. 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 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 its 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 $398,440
Per Square Foot $174
Days on Market 134
Price Decreased 54%
Price Increased 2%
Relisted 13%
Inventory 166
Median Rent $2,450
Most Expensive $2,300,000
Least Expensive $229,990
Market Action 32
Slight Seller's Advantage

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
$615,000 3,239 8,000 - 10,000 sqft 4 3 58 3 4 119
$436,000 2,456 8,000 - 10,000 sqft 4 2 58 2 5 173
$368,500 2,276 8,000 - 10,000 sqft 3 2 58 1 1 92
$299,949 2,028 8,000 - 10,000 sqft 3 2 57 7 4 149