Roger Martin Properties' Market Report

Houston, TX 77096

Single-Family Homes

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



Houston, TX 77096

Mon Nov 23 2020
This week the median list price for Houston, TX 77096 is $399,000 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 167. 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

Mon Nov 23 2020
This week the median list price for Houston, TX 77096 is $399,000 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 167. 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 $399,000
Per Square Foot $177
Days on Market 140
Price Decreased 52%
Price Increased 3%
Relisted 16%
Inventory 167
Median Rent $2,450
Most Expensive $2,500,000
Least Expensive $259,500
Market Action 32
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$720,000 3,300 8,000 - 10,000 sqft 4 3 58 4 2 120
$449,000 2,395 8,000 - 10,000 sqft 4 2 59 2 4 140
$375,000 2,280 8,000 - 10,000 sqft 3 2 58 5 2 121
$315,000 2,139 8,000 - 10,000 sqft 3 2 57 2 4 176