4 Key Museum District Real Estate Trends

4 Interesting Museum District Real Estate Trends

Museum District Houston map

One of the hottest Inner Loop Houston neighborhoods, Museum District real estate have been steadily appreciating the last 10 years.

Museum District homes netted a 69% increase in median sales price. Average price per square foot increased by 43% over the same period.

One of Houston’s cultural centers, the Houston Museum District enjoys a central location within the Inner Loop. Job centers like Downtown Houston and the Texas Medical Center are minutes away, while entertainment and retail hotspots are equally as accessible.

Museum District homes come in a wide variety of types and styles. Beautifully maintained estates, elegant townhomes, European-inspired condos, and patio homes complement the neighborhood’s tree-lined streets.

New construction is a common sight in the area, and these are usually for luxury townhomes and upscale condos.

Here are 4 key Museum District real estate trends that will help in understanding this neighborhood’s market.

For questions, advice, Museum District 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.

Museum District Houston Resources:

 

For an updated and customized Museum District real estate pricing or trend analysis, please contact Paige Martin at Paige@HoustonProperties.com.

 

Museum District Real Estate Appreciation Trends

 

4 Key Houston Museum District Real Estate Market Trends

1. Museum District homes have appreciated by 69% in the past decade.

In 2005, the median sales price for single-family homes was at $438,075. By 2014, this has surged up to $739,756. This rate of appreciation is one of the most remarkable among Inner Loop neighborhoods.

2. More recent price changes show promise of more growth.

The median sales price of Museum District homes for sale marked a 5-year appreciation of 23%. From 2013 to 2014, the median surged from $668,000 to $739,756.

3. Average price per square foot has also increased.

Over the past 10 years, the average price per square foot has also increased by 43%. Increasing demand, along with new construction in the area, are driving factors in this upwards trend.

4. Despite a slight dip in home sales, Museum District real estate remain strong.

There was a slight dip in home sales from 2013 to 2014 (from 427 to 346). However, the Museum District real estate market remains stable as evidenced by its appreciation rates as well as properties’ median days on market (21).

 

Museum District 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 Museum District 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 Museum District.

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 Paige@HoustonProperties.com or 713-384-5177.

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