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 April 2023
At the same time last year, The Memorial Villages was a Seller's Market.
Key Takeaway
The Memorial Villages is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in The Memorial Villages, TX
How much do homes in The Memorial Villages, TX cost?
Median Sold Price
$1,715,666
$411/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in The Memorial Villages have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in The Memorial Villages was $1,715,666 in April 2024, up 6.7% from last year, and the median price per square foot was $411.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123K | $124.5K | +1.2% |
| 2 Bedrooms | $173K | $162.2K | -6.2% |
| 3 Bedrooms | $879K | $892.5K | +1.5% |
| 4 Bedrooms | $1.2M | $1.6M | +29.0% |
| 5+ Bedrooms | $2.5M | $2.4M | -7.6% |
Summary: The Memorial Villages housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 29%, and 5+ bedroom homes decreased by 7.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Close-In Memorial | $215K | $290K | +34.9% |
| Mid West | $269.1K | $300.5K | +11.6% |
| The Memorial Villages | $1.6M | $1.7M | +6.7% |
| Midwest | $292.2K | $304.4K | +4.2% |
| Greater Uptown | $364K | $347.9K | -4.4% |
Housing Supply in The Memorial Villages, TX
How many homes are available in The Memorial Villages, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 105 | 127 | +21.0% |
Summary: The The Memorial Villages real estate market had 127 homes for sale in April 2024, a 21.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 17 | 23 | +35.3% |
| 4 Bedrooms | 23 | 30 | +30.4% |
| 5+ Bedrooms | 61 | 72 | +18.0% |
Summary: The The Memorial Villages housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 35.3%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes increased by 18%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 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. 52.4% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in The Memorial Villages in April 2024, up by 10.5% month-over-month. Of the 21 sold homes, 52% were sold under asking, 29% were sold at asking, and 19% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 53 Days | 37 Days | -29.6% |
Summary: Homes in The Memorial Villages had an average of 37 days on market in Apr 2024, down by 29.6% compared to last year.
Breakdown of Home Sale Times
17 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 April 2024, 21 homes were sold in The Memorial Villages; 81% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.