$5,878 Closing Credit*
$495,000
2,982 SqFt
3 Beds
•2 Full Baths, 1 Partial
Melinda Gordon, Listing Office: Bernstein Realty
Is Museum District, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$510,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$55,000(-9.7%)
Key Takeaway
Homes in Museum District have sold for 9.7% less than they did a year ago.
Summary: The median home sold price in Museum District was $510,000 in December 2024, down 9.7% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $262.6K | +22.1% |
| 2 Bedrooms | $693K | $449.5K | -35.1% |
| 3 Bedrooms | $532.5K | $522.5K | -1.9% |
| 4 Bedrooms | $753.4K | $693.5K | -8.0% |
| 5+ Bedrooms | $688K | $535K | -22.2% |
Summary: Museum District housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.1%, 2 bedroom homes decreased by 35.1%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 22.2%.
Median Sold Price Compared To Nearby Neighborhoods
| University Place | $894.5K | $917.5K | +2.6% |
| South Central Houston | $434.7K | $438.9K | +1.0% |
| Museum District | $565K | $510K | -9.7% |
| Museum Park | $565K | $510K | -9.7% |
Housing Supply in Museum District, TX
How many homes are available in Museum District, TX?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 54 | 61 | +13.0% |
Summary: The Museum District real estate market had 61 homes for sale in December 2024, a 13.0% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 11 | +10.0% |
| 2 Bedrooms | 14 | 18 | +28.6% |
| 3 Bedrooms | 26 | 29 | +11.5% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Museum District housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was 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. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Museum District in December 2024, down by 14.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 44 Days | 29 Days | -33.3% |
Summary: Homes in Museum District had an average of 29 days on market in Dec 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Museum District are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 6 homes were sold in Museum District; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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”.