Midtown Houston Market Update – February 2011

Norhill Realty March 2, 2011

Below you will find the most recent data on home sales and prices for the Midtown section of Houston, Texas.  If you are interested in receiving monthly Houston and Midtown real estate news updates, then sign up for our RSS feed to receive instant updates. For more information about Midtown and to view past market updates, click here.  Or email use at [email protected].

Homes Sold

8 homes sold in Midtown Houston in the month of February, 1 detached homes and 7 townhomes/condos.  This is down from last February, which saw 14 total sales.

Active Listings

There are 157 properties currently on the market, 36 detached homes and 121 townhomes/condos.  In February, 8 of the 157 listings are new listings and 5 of the sellers have reduced their price.

Home Prices

The median home price in Midtown over the past 12 months is $227,500, down 4% from the same period last year. Detached homes rose 6%, while townhomes/condos fell 6%.

Midtown Houston is one of Houston’s most walkable communities. Uniquely situated between Downtown Houston and The Texas Medical Center, two of the largest business districts in the state of Texas.  Midtown Houston is home to many recently constructed townhomes and high rise condominium options.  It contains some of Houston’s best known restaurants and bars and it is home to 3 stops along Houston’s only light rail line.  Midtown Houston exemplifies urban living in Houston.

MIDTOWN HOUSTON REAL ESTATE

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