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 11 2020
This week the median list price for Houston, TX 77096 is $389,500 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 189. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Houston, TX 77096

Sat Jul 11 2020
This week the median list price for Houston, TX 77096 is $389,500 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 189. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $389,500
Per Square Foot $175
Days on Market 147
Price Decreased 48%
Price Increased 2%
Relisted 15%
Inventory 189
Median Rent $2,250
Most Expensive $2,500,000
Least Expensive $199,900
Market Action 31
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
$575,000 3,384 8,000 - 10,000 sqft 4 3 51 7 4 116
$440,000 2,361 8,000 - 10,000 sqft 4 2 59 2 2 130
$365,000 2,197 8,000 - 10,000 sqft 3 2 58 1 3 175
$299,900 2,011 8,000 - 10,000 sqft 3 2 59 3 6 163