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 June 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
$1,850,000
$424/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in The Memorial Villages have sold for 16.2% more than they did a year ago.
Summary: The median home sold price in The Memorial Villages was $1,850,000 in June 2024, up 16.2% from last year, and the median price per square foot was $424.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $121.5K | $124.5K | +2.5% |
| 2 Bedrooms | $164.5K | $162.5K | -1.2% |
| 3 Bedrooms | $875K | $912.5K | +4.3% |
| 4 Bedrooms | $1.3M | $1.6M | +21.9% |
| 5+ Bedrooms | $2.5M | $2.5M | +0.7% |
Summary: The Memorial Villages housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Neighborhoods
| The Memorial Villages | $1.5M | $1.8M | +16.2% |
| Mid West | $276K | $312.5K | +13.2% |
| Close-In Memorial | $240K | $260K | +8.3% |
| Midwest | $293.1K | $306.2K | +4.5% |
| Greater Uptown | $356.4K | $353.4K | -0.8% |
Housing Supply in The Memorial Villages, TX
How many homes are available in The Memorial Villages, TX?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 113 | 115 | +1.8% |
Summary: The The Memorial Villages real estate market had 115 homes for sale in June 2024, a 1.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 29 | 28 | -3.4% |
| 5+ Bedrooms | 62 | 64 | +3.2% |
Summary: The The Memorial Villages housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 3.2%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 26 | 20 | -23.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
1 Home Was 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. 75% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in The Memorial Villages in June 2024, down by 23.1% month-over-month. Of the 20 sold homes, 75% were sold under asking, 5% were sold at asking, and 20% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 45 Days | 41 Days | -8.2% |
Summary: Homes in The Memorial Villages had an average of 41 days on market in Jun 2024, down by 8.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were 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 June 2024, 20 homes were sold in The Memorial Villages; 60% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 15% 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.