Is Museum District, 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, Museum District was a Seller's Market.
Key Takeaway
Museum District is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Museum District, TX
How much do homes in Museum District, TX cost?
Median Sold Price
$547,500
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Museum District have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Museum District was $547,500 in April 2024, up 4.3% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210.1K | $255K | +21.4% |
| 2 Bedrooms | $305K | $701.5K | +130.0% |
| 3 Bedrooms | $530K | $525K | -0.9% |
| 4 Bedrooms | $792.5K | $735K | -7.3% |
| 5+ Bedrooms | $657K | $750K | +14.2% |
Summary: Museum District housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.4%, 2 bedroom homes increased by 130%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes increased by 14.2%.
Median Sold Price Compared To Nearby Neighborhoods
| University Place | $800K | $880.3K | +10.0% |
| Museum District | $525K | $547.5K | +4.3% |
| Museum Park | $525K | $547.5K | +4.3% |
| South Central Houston | $420.3K | $434.9K | +3.5% |
| Medical Center Area | $507.5K | $495K | -2.5% |
Housing Supply in Museum District, TX
How many homes are available in Museum District, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 52 | +6.1% |
Summary: The Museum District real estate market had 52 homes for sale in April 2024, a 6.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 27 | 30 | +11.1% |
| 4 Bedrooms | 2 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Museum District housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Museum District, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Museum District in April 2024, down by 57.1% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Museum District, TX
How long does it take to sell a home in Museum District, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 98 Days | +216.1% |
Summary: Homes in Museum District had an average of 98 days on market in Apr 2024, up by 216.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Museum District are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 3 homes were sold in Museum District; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.