Four Astonishing Museum District Houston Real Estate Trends By Paige Martin

Four Key Museum District Real Estate Trends

Conveniently located at the junction of Southwest Freeway 59 and 288, Museum District is becoming one of the most sought after real estate options in Houston.

Roughly bordered by Texas Medical Center, the Neartown area, and Rice University, Museum District is the area located within the 1.5 mile radius of the Mecom Fountain located in Hermann Park.

Museum District homes for sale are becoming one of the most competitively priced in the area, with its median sales price posting a 69% increase in the past decade alone. In 2005, homes for sale have a market value of $438, 075. It enjoyed a continuous increase with its market value amounting to $739,756 in 2014.

Home prices will continue to increase because of the decreasing number of properties sold in the past year.

4 Interesting Museum District Real Estate Market Trends

1. Property values have a strong 10-year rise.

Museum District homes netted a 69% increase in its median sales price from $438,075 in 2005 to $739,756 in 2014. Despite slight fluctuations, property values in the neighborhood remain strong.

2. Median sales price up surged by 11% in the past year.

From $668,000 in 2013, Museum District median sales price increased to $739,756 in 2014. This shows the real estate market's overall strength.

3. Museum District homes for sale show slight fluctuation.

Since Museum District has a wide range of homes for sale that vary in size, types, and prices, property values tend to fluctuate. Older homes sold at lower prices pull the prices down while newly constructed and more expensive properties pull the prices up.

Despite these slight fluctuations, property values continue to appreciate.

4. Price per square foot is at an all time high.

In the past decade, price per square foot in the Museum District has increased from $208 in 2005 to $298 in 2014.

Source: Museum District Houston

About Paige Martin: Houston Realtor And Owner Of HoustonProperties.Com

A Houston-area native, Paige is an experienced, successful partner in any residential real estate transaction. Armed with a local perspective of the city & a deep knowledge of Houston real estate market, her skills have marked her as one of the most sought-after agents in Houston.

Paige has received over 40 awards for her production levels, including the #1 individual agent in the Keller Williams Memorial office (over 200 agents) for three consecutive years and inclusion as a Houston Five Star Professional Real Estate Agent (top few Realtors in the country).

Furthermore, more than 75 of her prior clients have publicly endorsed and recommended her via LinkedIn, YouTube Videos and HAR. Read testimonials, recommendations and connections here.

"I am a first time buyer (now ecstatic condo owner) who would recommend Paige Martin to anyone seeking to buy or sell a home, condo or townhome.

I have lived here for over a decade, and considered myself to be very familiar with Houston. Paige introduced me to facts, neighborhoods and historical information, and I fell in love with the city all over again! She has the knowledge, patience and dedication it takes to educate a novice entering the housing market.

She not only guided and informed, but she took the time to listen and actually understand my taste and specific needs. Buying property is one of the most stressful experiences, but I must say that Paige has helped take the stress level out of the process. I am so grateful to her, and when it comes time to either sell my condo or buy another property, there is no other realtor I would call. Paige Martin is the top Houston realtor on my list! Thanks Paige!