Roger Martin Properties' Market Report

Houston, TX 77096

Single-Family Homes

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



Houston, TX 77096

Sun Jul 21 2019
This week the median list price for Houston, TX 77096 is $399,900 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has held steady at or around 259. Click here to stay informed with the Houston market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Houston, TX 77096

Sun Jul 21 2019
This week the median list price for Houston, TX 77096 is $399,900 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has held steady at or around 259. Click here to stay informed with the Houston market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $399,900
Per Square Foot $170
Days on Market 145
Price Decreased 55%
Price Increased 3%
Relisted 26%
Inventory 259
Median House Rent $2,750
Most Expensive $1,499,000
Least Expensive $189,000
Market Action Index
Slight Buyer's Advantage
28

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
$648,000 3,427 0.25 - 0.5 acre 4 3 55 7 3 189
$450,000 2,333 8,000 - 10,000 sqft 4 2 58 2 0 98
$370,000 2,245 8,000 - 10,000 sqft 4 2 56 3 3 151
$299,700 2,190 8,000 - 10,000 sqft 3 2 58 9 4 143