Roger Martin Properties' Market Report

Houston, TX 77096

Single-Family Homes

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



Houston, TX 77096

Sat Oct 16 2021
This week the median list price for Houston, TX 77096 is $439,900 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has decreased to 129. 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

Sat Oct 16 2021
This week the median list price for Houston, TX 77096 is $439,900 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has decreased to 129. 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 $439,900
Median Price of New Listings $450,000
Per Square Foot $184
Average Days on Market 90
Median Days on Market 70
Price Decreased 61%
Price Increased 2%
Relisted 23%
Inventory 129
Median Rent $2,600
Market Action 36
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
$649,000 3,428 0.25 - 0.5 acre 4 3 53 3 5 70
$488,000 2,462 8,000 - 10,000 sqft 4 2 59 6 2 28
$412,500 2,271 8,000 - 10,000 sqft 4 2 59 4 5 80
$349,900 2,116 8,000 - 10,000 sqft 3 2 58 2 6 49