Roger Martin Properties' Market Report

Houston, TX 77096

Single-Family Homes

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



Houston, TX 77096

Tue May 18 2021
This week the median list price for Houston, TX 77096 is $424,950 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has increased to 124. 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

Tue May 18 2021
This week the median list price for Houston, TX 77096 is $424,950 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has increased to 124. 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 $424,950
Median Price of New Listings $423,000
Per Square Foot $188
Average Days on Market 119
Median Days on Market 60
Price Decreased 45%
Price Increased 6%
Relisted 20%
Inventory 124
Median Rent $2,400
Market Action 42
Slight Seller's Advantage

Prices in this zip code seem to have settled around a 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
$625,000 3,168 0.25 - 0.5 acre 4 3 56 5 3 42
$456,000 2,301 8,000 - 10,000 sqft 4 2 60 2 3 56
$389,900 2,219 8,000 - 10,000 sqft 4 2 61 3 6 70
$339,000 2,005 8,000 - 10,000 sqft 3 2 61 4 4 84