Roger Martin Properties' Market Report

Houston, TX 77096

Single-Family Homes

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



Houston, TX 77096

Wed May 22 2024
This week the median list price for Houston, TX 77096 is $475,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has increased to 91. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Houston, TX 77096

Wed May 22 2024
This week the median list price for Houston, TX 77096 is $475,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has increased to 91. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $475,000
Median Price of New Listings $422,000
Per Square Foot $218
Average Days on Market 86
Median Days on Market 49
Price Decreased 47%
Price Increased 2%
Relisted 25%
Inventory 91
Median Rent
Market Action 38
Slight Seller's Advantage

We continue to see prices in this zip code bounce around this 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
$887,500 3,598 0.25 - 0.5 acre 4 3.5 59 3 1 52
$525,000 2,268 8,000 - 10,000 sqft 4 2 62 2 0 35
$430,000 2,136 8,000 - 10,000 sqft 3 2 62 4 1 28
$369,000 1,900 8,000 - 10,000 sqft 3 2 61 5 3 63