Is Museum Park, 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 Park was a Seller's Market.
Housing Prices in Museum Park, TX
How much do homes in Museum Park, TX cost?
Median Sold Price
$547,500
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Museum Park 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 Park 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
Midtown | $345K | $380.3K | +10.2% |
Museum Park | $525K | $547.5K | +4.3% |
Museum District | $525K | $547.5K | +4.3% |
South Central Houston | $420.3K | $434.9K | +3.5% |
Macgregor | $374.9K | $382K | +1.9% |
Housing Supply in Museum Park, TX
How many homes are available in Museum Park, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 52 | +6.1% |
Summary: The Museum Park 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 Park 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
Summary: A total of 3 homes were sold or pending in Museum Park 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 Park, TX
How long does it take to sell a home in Museum Park, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 98 Days | +216.1% |
Summary: Homes in Museum Park 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
Summary: During April 2024, 3 homes were sold in Museum Park; 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.