Is Midtown, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Midtown was a Seller's Market.
Housing Prices in Midtown, TX
How much do homes in Midtown, TX cost?
Median Sold Price
$380,350
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Midtown was $380,350 in April 2024, up 10.2% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $246.9K | $243.7K | -1.3% |
2 Bedrooms | $310K | $332K | +7.1% |
3 Bedrooms | $453.5K | $460K | +1.4% |
4 Bedrooms | $379K | $545K | +43.8% |
5+ Bedrooms | - | $750K | N/A |
Summary: Midtown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 43.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Midtown | $345K | $380.3K | +10.2% |
Fourth Ward | $375K | $403.5K | +7.6% |
Museum Park | $525K | $547.5K | +4.3% |
South Central Houston | $420.3K | $434.9K | +3.5% |
Montrose | $612.9K | $611.2K | -0.3% |
Housing Supply in Midtown, TX
How many homes are available in Midtown, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
68 | 90 | +32.4% |
Summary: The Midtown real estate market had 90 homes for sale in April 2024, a 32.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 17 | +54.5% |
2 Bedrooms | 24 | 26 | +8.3% |
3 Bedrooms | 30 | 44 | +46.7% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Midtown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 54.5%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 46.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 15 | +15.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Midtown in April 2024, up by 15.4% month-over-month. Of the 15 sold homes, 67% were sold under asking, 27% were sold at asking, and 7% were sold over asking.
Days on Market for Midtown, TX
How long does it take to sell a home in Midtown, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 30 Days | +83.4% |
Summary: Homes in Midtown had an average of 30 days on market in Apr 2024, up by 83.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Midtown; 60% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.