In-depth Real Estate Data: Local Markets

Medical Center Research, Pricing, and Statistics

From May 12th, 2024 through November 8th, 2024

Units Sold:

228

Average Sold Price:

$289,778

Average Sold Discount:

5%

Average Price Reduction:

2%

Average DOM:

66

The Medical Center local market in Houston offers a diverse range of homes, with 288 properties currently for sale. Prices range from $59,999 to $1,300,000, with an average list price of $316,108. Homes vary in size from 420 to 4,528 sq ft, making it an appealing area for buyers and sellers alike.

Active Listings

289

Average List Price

$315,343

Typical List Price

$133k to $445k

Homes Listed per Price Range

A visual list price spectrum representation

$59kto$156k$156kto$253k$253kto$349k$349kto$446k$446kto$543k$543kto$640k$640kto$737k$737kto$833k$833kto$930k$930kto$1.0M$1.0Mto$1.1M$1.1Mto$1.2M$1.2Mto$1.3M$1.3Mto$1.4M$1.4Mto$1.5M$1.5Mto$1.6M$1.6Mto$1.7M$1.7Mto$1.8M$1.8Mto$1.9M$1.9Mto$2.0M
2024103633318331011261131113

Sold Listings

228

Average Selling Price

$289,778

Typical Selling Price

$150k to $406k

Homes Sold per Price Range

A visual sold price spectrum representation

$12kto$95k$95kto$179k$179kto$262k$262kto$346k$346kto$430k$430kto$513k$513kto$597k$597kto$681k$681kto$764k$764kto$848k$848kto$932k$932kto$1.0M$1.0Mto$1.1M$1.1Mto$1.2M$1.2Mto$1.2M
202420633144183384112112

Average Sold Price per Sq Ft

$213

Typical Sold Price per Sq Ft

$144 to $241

Number of Homes Sold by Sold Price per Square Foot

Breaking down the market by $/SF ranges

$59to$88$88to$117$117to$147$147to$176$176to$205$205to$234$234to$263$263to$292$292to$322$322to$351$351to$380$380to$409$409to$438$438to$467$467to$497$497to$500
20248113641313816959537112

Average Days to Sell

66

Typical Days to Sell

8 to 97

Days on the Market Distribution

The number of homes sold in each DOM range

to2929to5858to8888to117117to146146to175175to205205to234234to263263to292292to321321to351351to380380to409409to438438to467467to497497to526526to555555to568
202411732171613937443112

Average Price Reduction

2%

Typical Price Reduction

0% to 1%

Price Reduction Distribution

Shows the number of homes within each price reduction bracket. If you were clothes shopping, this would be like counting how many shirts were on each of the various clearance racks (5%, 10%, etc.)

-27%to-23%-23%to-19%-19%to-16%-16%to-12%-12%to-8%-8%to-4%-4%to0%0%to4%4%to7%7%to11%11%to15%15%to19%19%to23%23%to26%26%to30%30%to34%34%to38%38%to42%42%to46%46%to49%
2024214552054294963112

Average Discount from Original List

5%

Typical Sold Discount from Original List

0% to 8%

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-33%to-29%-29%to-26%-26%to-22%-22%to-18%-18%to-14%-14%to-10%-10%to-6%-6%to-3%-3%to1%1%to5%5%to9%9%to13%13%to17%17%to20%20%to24%24%to28%28%to32%32%to36%36%to40%40%to43%
202422661744515954212

Average Discount from Last List

4%

Typical Sold Discount from Last List

0% to 5%

Negotiated Disocunts from Final List Price

The percentage difference between final list price and closed price, distributed

-8%to-7%-7%to-5%-5%to-3%-3%to-1%-1%to1%1%to2%2%to4%4%to6%6%to8%8%to9%9%to11%11%to13%13%to15%15%to17%17%to18%18%to20%20%to22%22%to24%24%to25%
2024232134738403119137324122

About Our Data

All analysis, rankings, ratings, and throughout this site are generated by us here at Icon Real Estate. All raw data comes from the Houston Association of Realtors (HAR, HRIS) – but you're not viewing raw data. We track, categorize, analyze, and rank everything from zip codes to school zones based on geographic (boundary) data that is either (a) provided by local jurisdictions, (b) purchased from third-party sources, or (c) hand-drawn by our team.

Builder statistics rely heavily on our local knowledge and familiarity with the marketing (listing) practices of major local builders. It's not an exact science, but we're pretty accurate in assigning listings to the correct builder. We leverage a bit of AI in that process as well.

It's all good stuff, and we're pretty confident you'll find it useful. But just FYI - no warranties or guarantees. Let us know if you're looking for something you don't see here.