Is Close-In Memorial, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Close-In Memorial is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Close-In Memorial has remained a Seller's Market.

Key Takeaway

Close-In Memorial is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Close-In Memorial, TX

How much do homes in Close-In Memorial, TX cost?

Median Sold Price

$260,000

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$20,000(+8.3%)

Key Takeaway

Homes in Close-In Memorial have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in Close-In Memorial was $260,000 in June 2024, up 8.3% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $133.3K$136K
+2.0%
2 $215K$218K
+1.4%
3 $456K$597.5K
+31.0%
4 $1.7M$1.7M
-1.0%
5+ $2.6M$2.3M
-13.7%

Summary: Close-In Memorial housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 31%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 13.7%.

Median Sold Price Compared To Nearby Neighborhoods

Close-In Memorial
+8.3%
Greater Uptown
-0.8%

Housing Supply in Close-In Memorial, TX

How many homes are available in Close-In Memorial, TX?

Number of Homes For Sale

May 2024Jun 2024CHANGE
5355+3.8%

Summary: The Close-In Memorial real estate market had 55 homes for sale in June 2024, a 3.8% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 67
+16.7%
2 2324
+4.3%
3 1111
0.0%
4 23
+50.0%
5+ 1110
-9.1%

Summary: The Close-In Memorial housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 4.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

May 2024Jun 2024CHANGE
513+160.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Close-In Memorial, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Close-In Memorial in June 2024, up by 160.0% month-over-month. Of the 13 sold homes, 69% were sold under asking, 0% were sold at asking, and 31% were sold over asking.

Days on Market for Close-In Memorial, TX

How long does it take to sell a home in Close-In Memorial, TX?

Average Sale Time

Jun 2023Jun 2024CHANGE
12 Days39 Days+225.3%

Summary: Homes in Close-In Memorial had an average of 39 days on market in Jun 2024, up by 225.3% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Close-In Memorial are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 13 homes were sold in Close-In Memorial; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% 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 22 Days Ago

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