Texas Medical Center Housing Market Update – Fall 2025

The Texas Medical Center (TMC) area in Houston continues to be a dynamic and evolving real estate market. With its proximity to the world’s largest medical complex, top-tier universities, and cultural institutions, the neighborhood remains a prime location for both homeowners and investors. Let’s dive into the latest trends based on data through September 2025.

view of TMC from Hermann Park

Sales Prices & Market Value Trends

• Median Sales Price (Sep 2025): $462,500
• Average Sold Price (Sep 2025): $629,951
• Median List Price (Sep 2025): $350,000
• Average List Price (Sep 2025): $493,422
• Price per Square Foot (Sep 2025): $244

The market has shown a strong rebound from the summer months, with both median and average sales prices climbing significantly. The price per square foot also increased, suggesting rising property values and buyer willingness to pay a premium for location and amenities.

Inventory & Activity Levels

• New Listings (Sep 2025): 135
• Inventory (Sep 2025): 402
• Properties Sold (Sep 2025): 50
• Expired or Cancelled Listings: 117
• Days on Market (DOM): 57
• Months Supply of Inventory (MSI): 8.04

The inventory remains high, with over 400 active listings and a months’ supply above 8, indicating a buyer’s market. Homes are spending nearly two months on the market, and the number of expired or cancelled listings suggests some sellers may be adjusting expectations.

Buyer Engagement & Offer Activity

• Accepted Offers (Sep 2025): 44
• Accepted Offers / New Listings Ratio: 32.6%
• Accepted Offers / Inventory Ratio: 10.9%
• Sales Price to List Price Ratio: 95%

While buyer activity is steady, the sales-to-list price ratio shows that buyers are negotiating successfully, often purchasing homes below asking price. The offer ratios also reflect a cautious but active buyer pool.

Quarterly Averages & Market Momentum

• 3-Month Average Sales Price: $550,211
• 3-Month Average List Price: $449,614
• 3-Month Price per Square Foot: $230.99
• 3-Month Sales/List Price Ratio: 95.38%

Compared to earlier in the year, the 3-month averages show a cooling trend from the summer peak, but still reflect a healthy market with solid value retention.

What This Means for Buyers and Sellers

For Buyers:
This is a favorable time to enter the market. With high inventory and longer Days on Market (DOM), buyers have more choices and negotiating power.

For Sellers:
Pricing competitively and preparing homes for market is key. While values are strong, buyers are selective, and overpriced listings are more likely to expire. Homes that are well-presented and priced right are still selling within a reasonable timeframe.

Let me know if there is anything I can help with in your home search or sale.  I am here to help our Houston community flourish!