Is Close-In Memorial, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Close-In Memorial was a Seller's Market.
Housing Prices in Close-In Memorial, TX
How much do homes in Close-In Memorial, TX cost?
Median Sold Price
$315,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Close-In Memorial was $315,000 in March 2024, up 46.5% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $132.7K | $136.2K | +2.6% |
2 Bedrooms | $210K | $220K | +4.8% |
3 Bedrooms | $480K | $562.5K | +17.2% |
4 Bedrooms | $1.6M | $1.7M | +2.1% |
5+ Bedrooms | $3.8M | $2.4M | -37.2% |
Summary: Close-In Memorial housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 37.2%.
Median Sold Price Compared To Nearby Neighborhoods
Close-In Memorial | $215K | $315K | +46.5% |
Greater Uptown | $345K | $356.8K | +3.4% |
Tanglewood | $2.5M | $2.3M | -6.1% |
Housing Supply in Close-In Memorial, TX
How many homes are available in Close-In Memorial, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 55 | +31.0% |
Summary: The Close-In Memorial real estate market had 55 homes for sale in March 2024, a 31.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 15 | 22 | +46.7% |
3 Bedrooms | 8 | 10 | +25.0% |
4 Bedrooms | 4 | 1 | -75.0% |
5+ Bedrooms | 9 | 15 | +66.7% |
Summary: The Close-In Memorial housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 46.7%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Close-In Memorial in March 2024, up by 14.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
20 Days | 24 Days | +19.0% |
Summary: Homes in Close-In Memorial had an average of 24 days on market in Mar 2024, up by 19% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Close-In Memorial; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.