Is Kemah, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kemah is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Kemah has remained a Seller's Market.

Key Takeaway

Kemah is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Kemah, TX

How much do homes in Kemah, TX cost?

Median Sold Price

$347,685

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$47,315(-12.0%)

Key Takeaway

Homes in Kemah have sold for 12% less than they did a year ago.

Summary: The median home sold price in Kemah was $347,685 in October 2024, down 12% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $299.9K$154.5K
-48.5%
2 $250.5K$250K
-0.2%
3 $419K$343.7K
-18.0%
4 $467.5K$417.5K
-10.7%
5+ $1.0M$1.3M
+24.7%

Summary: Kemah housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.5%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes decreased by 18%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes increased by 24.7%.

Median Sold Price Compared To Nearby Cities

Bacliff
+7.3%
Texas City-League City
+4.4%
Seabrook
-1.1%
Kemah
-12.0%
Clear Lake Shores
-17.5%

Housing Supply in Kemah, TX

How many homes are available in Kemah, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6869+1.5%

Summary: The Kemah real estate market had 69 homes for sale in October 2024, a 1.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 31
-66.7%
2 1012
+20.0%
3 3331
-6.1%
4 1922
+15.8%
5+ 33
0.0%

Summary: The Kemah housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1214+16.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kemah, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Kemah in October 2024, up by 16.7% month-over-month. Of the 14 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% were sold over asking.

Days on Market for Kemah, TX

How long does it take to sell a home in Kemah, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
56 Days89 Days+57.6%

Summary: Homes in Kemah had an average of 89 days on market in Oct 2024, up by 57.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Kemah are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 14 homes were sold in Kemah; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Kemah, TX

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