Is Midtown, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$372,900
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Midtown was $372,900 in May 2024, up 6.7% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $246K | -5.4% |
2 Bedrooms | $308K | $328.5K | +6.7% |
3 Bedrooms | $450K | $460K | +2.2% |
4 Bedrooms | $379K | $545K | +43.8% |
5+ Bedrooms | - | $750K | N/A |
Summary: Midtown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.4%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 43.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Midtown | $349.5K | $372.9K | +6.7% |
Fourth Ward | $375K | $400K | +6.7% |
Museum Park | $515K | $540K | +4.9% |
South Central Houston | $423.2K | $438.6K | +3.6% |
Montrose | $625K | $620K | -0.8% |
Housing Supply in Midtown, TX
How many homes are available in Midtown, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
83 | 93 | +12.0% |
Summary: The Midtown real estate market had 93 homes for sale in May 2024, a 12.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 19 | +26.7% |
2 Bedrooms | 26 | 33 | +26.9% |
3 Bedrooms | 39 | 40 | +2.6% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Midtown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 26.7%, 2 bedroom homes increased by 26.9%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 13 | -18.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Midtown in May 2024, down by 18.8% month-over-month. Of the 13 sold homes, 69% were sold under asking, 23% were sold at asking, and 8% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 24 Days | +5.1% |
Summary: Homes in Midtown had an average of 24 days on market in May 2024, up by 5.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Midtown; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.