Roger Martin Properties' Market Report

Houston, TX 77096

Single-Family Homes

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



Houston, TX 77096

Sat Jul 31 2021
This week the median list price for Houston, TX 77096 is $449,900 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has held steady at or around 131. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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

Sat Jul 31 2021
This week the median list price for Houston, TX 77096 is $449,900 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has held steady at or around 131. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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 $449,900
Median Price of New Listings $438,950
Per Square Foot $192
Average Days on Market 98
Median Days on Market 42
Price Decreased 47%
Price Increased 3%
Relisted 21%
Inventory 131
Median Rent $2,450
Market Action 41
Slight Seller's Advantage

In the last few weeks we’ve seen prices in this zip code bouncing 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
$799,000 3,614 0.25 - 0.5 acre 4 3 24 3 1 56
$495,000 2,499 8,000 - 10,000 sqft 4 2 60 7 5 42
$419,900 2,250 8,000 - 10,000 sqft 4 2 59 7 6 49
$349,000 2,149 8,000 - 10,000 sqft 3 2 57 7 3 49