Is Washington Avenue Coalition / Memorial Park, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Washington Avenue Coalition / Memorial Park has remained a Seller's Market.
Key Takeaway
Washington Avenue Coalition / Memorial Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Washington Avenue Coalition / Memorial Park, TX
How much do homes in Washington Avenue Coalition / Memorial Park, TX cost?
Median Sold Price
$522,500
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Washington Avenue Coalition / Memorial Park have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Washington Avenue Coalition / Memorial Park was $522,500 in April 2024, up 4.2% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $214.9K | $211K | -1.9% |
| 2 Bedrooms | $378.5K | $389.9K | +3.0% |
| 3 Bedrooms | $510.3K | $520.8K | +2.1% |
| 4 Bedrooms | $875K | $790.7K | -9.6% |
| 5+ Bedrooms | $2.1M | $880K | -59.1% |
Summary: Washington Avenue Coalition / Memorial Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes decreased by 59.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Central Houston | $525.1K | $550.1K | +4.8% |
| Washington Avenue Coalition / Memorial Park | $501.6K | $522.5K | +4.2% |
| Rice Military | $535K | $552.5K | +3.3% |
| West End | $486K | $485K | -0.2% |
| Magnolia Grove | $515K | $501K | -2.7% |
Housing Supply in Washington Avenue Coalition / Memorial Park, TX
How many homes are available in Washington Avenue Coalition / Memorial Park, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 286 | 337 | +17.8% |
Summary: The Washington Avenue Coalition / Memorial Park real estate market had 337 homes for sale in April 2024, a 17.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 50 | 54 | +8.0% |
| 3 Bedrooms | 186 | 222 | +19.4% |
| 4 Bedrooms | 41 | 51 | +24.4% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Washington Avenue Coalition / Memorial Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 24.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 70 | 72 | +2.9% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washington Avenue Coalition / Memorial Park, you may be able to get a good deal. 52.8% of homes here sold below asking price last month.
Summary: A total of 72 homes were sold or pending in Washington Avenue Coalition / Memorial Park in April 2024, up by 2.9% month-over-month. Of the 72 sold homes, 53% were sold under asking, 24% were sold at asking, and 24% were sold over asking.
Days on Market for Washington Avenue Coalition / Memorial Park, TX
How long does it take to sell a home in Washington Avenue Coalition / Memorial Park, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 35 Days | +14.8% |
Summary: Homes in Washington Avenue Coalition / Memorial Park had an average of 35 days on market in Apr 2024, up by 14.8% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Washington Avenue Coalition / Memorial Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 72 homes were sold in Washington Avenue Coalition / Memorial Park; 74% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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