The Texas Medical Center housing market is not very competitive. The median sale price of a home in Texas Medical Center was $500K last month, down 9.09% since last year. The median sale price per square foot in Texas Medical Center is $208, up 11.5% since last year.
What is the housing market like in Texas Medical Center today?
In March 2024, Texas Medical Center home prices were down 9.09% compared to last year, selling for a median price of $500K. On average, homes in Texas Medical Center sell after 112 days on the market compared to 22 days last year. There were 7 homes sold in March this year, up from 3 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$500,000
-9.09% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Texas Medical Center, TX
$500,000
-9.09%
United States
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How hot is the Texas Medical Center housing market?
Texas Medical Center is not very competitive. Homes sell in 74 days.
0
100
17
Not Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Multiple offers are rare.
The average homes sell for about 3% below list price and go pending in around 74 days.
Hot homes
can sell for around list price and go pending in around 22 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
No elementary schools in this region.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Texas Medical Center housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Texas Medical Center.
Risk Factor
Flood Factor - Severe
99% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Texas Medical Center has a severe risk of flooding. 204 properties in Texas Medical Center are likely to be
severely affected
by flooding over the next 30 years. This represents 99% of all properties in Texas Medical Center. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Texas Medical Center has a minor risk of wildfire. There are 2 properties in Texas Medical Center that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Texas Medical Center.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Texas Medical Center has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Texas Medical Center is most at risk from hurricanes. 343 properties in Texas Medical Center have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 141 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 147 mph.
100% of properties are at extreme
risk of heat over the next 30 years
Heat Factor
Texas Medical Center has an extreme risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Texas Medical Center have an Extreme Heat Factor®.
Texas Medical Center is expected to see a 228% increase in the number of days over 109ºF over the next 30 years. Texas Medical Center is expected to experience 6