Roger Martin Properties' Market Report
Houston, TX 77096
Single-Family Homes
www.rogermartinproperties.com | 713-661-2300 | roger@rogermartin.com
Houston, TX 77096
Tue Jan 14 2025
This week the median list price for Houston, TX 77096 is $505,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has decreased to 79.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $505,000 | |
| Median Price of New Listings | $410,000 | |
| Per Square Foot | $215 | |
| Average Days on Market | 133 | |
| Median Days on Market | 84 | |
| Price Decreased | 51% | |
| Price Increased | 3% | |
| Relisted | 23% | |
| Inventory | 79 | |
| Median Rent | ||
| Market Action | 33 | |
| Slight Seller's Advantage | ||
While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,149,000 | 3,860 | 0.25 - 0.5 acre | 4 | 4 | 41 | 1 | 2 | 84 |
| $560,000 | 2,294 | 8,000 - 10,000 sqft | 4 | 2.5 | 62 | 1 | 1 | 84 |
| $440,000 | 2,143 | 8,000 - 10,000 sqft | 3 | 2 | 63 | 2 | 4 | 87 |
| $357,500 | 1,877 | 8,000 - 10,000 sqft | 3 | 2 | 62 | 3 | 4 | 87 |