4 Key Medical Center Area Real Estate Trends
Medical Center Area homes for sale recorded a strong 37% increase from 2009 to 2014.
The Texas Medical Center is the largest medical complex in the world, spanning 1,345 acres a few minutes south of Downtown Houston. It houses over 100,000 employees and several institutions in various medical fields.
Highly accessible via three major Houston freeways, the Medical Center Area is adjacent to another key Houston hub, the Museum District.
The Medical Center Area features a wide range of housing options, though townhomes are the district’s main housing attraction. Some new developments are planned for the district, in response to the growing demand of homes in Houston and the Medical Center Area itself.
Property prices in the district tend to fluctuate, but a stable price per square foot attests to the steady footing of Medical Center Area real estate.
For questions, advice, Medical Center Area Houston real estate recommendations, or off-market MLS listings, contact Paige Martin, head of the Houston Properties Team and rated as the best Keller Williams Memorial realtor the last four years.
Medical Center Area Houston Resources:
- Medical Center Area Houston Neighborhood Guide
- All Medical Center Area Homes For Sale
- Medical Center Townhomes For Sale
- Best Neighborhoods Near Texas Medical Center
For an updated and customized Medical Center Houston real estate pricing or trend analysis, please contact Paige Martin at [email protected].
4 Interesting Medical Center Area Real Estate Market Trends
1. Medical Center Area homes for sale netted a 37% increase in five years.
Medical Center Area real estate appreciated by a more conservative 28% over the past decade. The rate of appreciation in the district is picking up speed, however, with the median sales price increasing from $230,000 in 2009 to $324,500 in 2014.
2. New development may push prices further.
Some new projects are planned for the Medical Center Area. This can spark another jump in median sales price. Medical Center Area real estate marked an 11% increase from 2013 to 2014 alone.
3. Property prices tend to fluctuate.
Prices in the Medical Center Area fluctuate, especially between 2005 to 2009. Recent trends, however, show a steadier increase.
This doesn’t indicate a weak market since older Medical Center Area homes for sale tend to sell for cheaper, while new construction sell for higher prices.
4. Average price per square foot is steadily rising.
Medical Center Area homes for sale have an average price per square foot of $161 in 2014, a 26% increase from $126 in 2009.
Medical Center Area Houston Realtor – Paige Martin
As featured on Fox News in the Morning, the Houston Business Journal, Houston Chronicle, and Houston Magazine, Paige Martin – a consistent Top Producing Broker-Associate and head of the Houston Properties Team – is ranked amongst the very top Keller Williams agents in the Houston area.
Paige is ranked as one of the top realtors in Medical Center Area Houston, and the state of Texas. Read more about the over 65 awards she’s won in the last few years.
Paige works with a tremendous number of buyers and sellers in Medical Center Area.
For a specific recommendation of neighborhoods, homes or properties based upon your personal style, goals & price point, please contact Paige Martin, head of the Houston Properties Team & Broker Associate at [email protected] or 713-384-5177.