Museum Park Market Update – April 2011

Norhill Realty May 5, 2011

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

Homes Sold

11 homes sold in Museum Park in the month of April, 3 of which were detached homes and 8 that were either condos or townhomes.  Overall, this is slightly down from the 12 total homes that were sold in April of 2010.

Active Listings

There are 120 properties currently on the market, 37 detached homes and 83 townhomes/condos.  In April, 24 of the 120 listings were new listings and 14 sellers reduced their price.

Home Prices

The current median home price in Museum Park is $270,000, down from $277,500 during the same period last year.  Median home prices for townhomes/condos took the biggest hit, falling 16% from this time last year.  Detached homes actually rose 21% from April 2010 to April 2011.

Museum Park Houston is one of Houston’s most culturally rich communities in the city.  Home to 13 Museums, Hermann Park, and Rice University, this neighborhood offers walk-ability to many of Houston’s most prized treasures. Uniquely situated between Downtown Houston and the Texas Medical Center, two of the largest business districts in the state of Texas.  Both of these districts are connected to Museum Park by Houston’s light rail system. Museum Park has many recently constructed luxury single family homes, townhomes, and high rise condominiums.  The neighborhood is also home to the highest concentration of modern residential development in all of Houston.  Norhill Realty is proud to call this vibrant neighborhood our home.

SELLING A HOME IN MUSEUM PARK

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