$10,000 Closing Credit*
$1,650,000
2,433 SqFt
4 Beds
•2 Full Baths, 1 Partial
Chan Youn, Listing Office: Gulfland Real Estate Company
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 November 2023
Since last year, The Memorial Villages has remained a Seller's 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
$1,842,250
$435/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$155,850(+9.2%)
Key Takeaway
Homes in The Memorial Villages have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in The Memorial Villages was $1,842,250 in November 2024, up 9.2% from last year, and the median price per square foot was $435.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123K | $126.5K | +2.8% |
| 2 Bedrooms | $162.5K | $797.5K | +390.8% |
| 3 Bedrooms | $889K | $880.2K | -1.0% |
| 4 Bedrooms | $1.5M | $1.6M | +5.8% |
| 5+ Bedrooms | $2.4M | $2.6M | +8.6% |
Summary: The Memorial Villages housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 390.8%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Mid West | $307.7K | $364K | +18.3% |
| The Memorial Villages | $1.6M | $1.8M | +9.2% |
| Midwest | $305.2K | $319.7K | +4.8% |
| Greater Uptown | $356.2K | $359K | +0.8% |
| Close-In Memorial | $252.1K | $239K | -5.2% |
Housing Supply in The Memorial Villages, TX
How many homes are available in The Memorial Villages, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 76 | 81 | +6.6% |
Summary: The The Memorial Villages real estate market had 81 homes for sale in November 2024, a 6.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 21 | 19 | -9.5% |
| 5+ Bedrooms | 33 | 41 | +24.2% |
Summary: The The Memorial Villages housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 24.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 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 November 2024, the same as the previous month. Of the 18 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 47 Days | +37.0% |
Summary: Homes in The Memorial Villages had an average of 47 days on market in Nov 2024, up by 37% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 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 November 2024, 18 homes were sold in The Memorial Villages; 61% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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