It's all up to you man, a house is a very good investment because it doesnt depreciate instead it just goes up in value usually, land is very important now, the more land you have the richer you technically are so you could take it to the moon and be the man that took btc to another level.
But I guess that is not smart. If you do that you need a lot of Bitcoins I think. May you should now wait indeed for a good value. I think the price rise will come very soon, we all hope for it. It all depends on you.
If you need a house and the real estate market in your area isn't already pumped to the sky, then why not? You can also choose to buy just started companies if you think they have a very high potential of succeeding.
For that price right now I don't think you can use your fund if bitcoin's price still remains volatile. Waiting is a very common ideas that investors will choose to do now, bitcoin price will have to gain it's better value before we can dump our holding for important expenses like of property buying. Even if other people had negative expectations about it, but it's not the end of everything and bitcoin existence will still prevail.