Roger Martin Properties' Market Report

Houston, TX 77096

Single-Family Homes

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



Houston, TX 77096

Fri Jul 01 2022
This week the median list price for Houston, TX 77096 is $479,000 with the market action index hovering around 52. This is less than last month's market action index of 53. 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.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since 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

Fri Jul 01 2022
This week the median list price for Houston, TX 77096 is $479,000 with the market action index hovering around 52. This is less than last month's market action index of 53. 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.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since 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 $479,000
Median Price of New Listings $499,950
Per Square Foot $202
Average Days on Market 65
Median Days on Market 42
Price Decreased 48%
Price Increased 4%
Relisted 21%
Inventory 91
Median Rent
Market Action 52
Strong Seller's Market

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
$724,000 3,251 0.25 - 0.5 acre 4 3.5 58 5 4 21
$515,000 2,388 8,000 - 10,000 sqft 4 2.5 62 3 3 56
$451,000 2,281 8,000 - 10,000 sqft 4 2 62 4 2 42
$376,000 2,075 8,000 - 10,000 sqft 3 2 60 2 5 70