$10,000 Closing Credit*
$1,795,000
2,369 SqFt
3 Beds
•3 Full Baths
Douglas Rodriguez, Listing Office: HomeSmart
Is The Memorial Villages, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, The Memorial Villages was a Neutral Market.
Key Takeaway
The Memorial Villages is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in The Memorial Villages, TX
How much do homes in The Memorial Villages, TX cost?
Median Sold Price
$1,897,500
$434/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$240,833(+14.5%)
Key Takeaway
Homes in The Memorial Villages have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in The Memorial Villages was $1,897,500 in October 2024, up 14.5% from last year, and the median price per square foot was $434.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123K | $125K | +1.6% |
| 2 Bedrooms | $162.5K | $200K | +23.1% |
| 3 Bedrooms | $900K | $910.5K | +1.2% |
| 4 Bedrooms | $1.5M | $1.6M | +7.1% |
| 5+ Bedrooms | $2.5M | $2.6M | +3.0% |
Summary: The Memorial Villages housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Neighborhoods
| Mid West | $278K | $341.6K | +22.9% |
| The Memorial Villages | $1.6M | $1.8M | +14.5% |
| Close-In Memorial | $245K | $261K | +6.5% |
| Greater Uptown | $355.7K | $373.8K | +5.1% |
| Midwest | $300.7K | $313.8K | +4.4% |
Housing Supply in The Memorial Villages, TX
How many homes are available in The Memorial Villages, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 83 | 84 | +1.2% |
Summary: The The Memorial Villages real estate market had 84 homes for sale in October 2024, a 1.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 18 | 21 | +16.7% |
| 5+ Bedrooms | 44 | 40 | -9.1% |
Summary: The The Memorial Villages housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 18 | -21.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Memorial Villages, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in The Memorial Villages in October 2024, down by 21.7% month-over-month. Of the 18 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for The Memorial Villages, TX
How long does it take to sell a home in The Memorial Villages, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 78 Days | 48 Days | -37.6% |
Summary: Homes in The Memorial Villages had an average of 48 days on market in Oct 2024, down by 37.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in The Memorial Villages are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in The Memorial Villages; 78% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.