Is Kemah, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Kemah was a Seller's Market.
Housing Prices in Kemah, TX
How much do homes in Kemah, TX cost?
Median Sold Price
$380,750
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Kemah was $380,750 in May 2024, down 4.8% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $299.9K | $165K | -45.0% |
2 Bedrooms | $387K | $253.7K | -34.4% |
3 Bedrooms | $410K | $381.5K | -7.0% |
4 Bedrooms | $470K | $397.5K | -15.4% |
5+ Bedrooms | - | $1.1M | N/A |
Summary: Kemah housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45%, 2 bedroom homes decreased by 34.4%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Seabrook | $347K | $385K | +11.0% |
Texas City-League City | $323.2K | $329.9K | +2.1% |
Bacliff | $240K | $239.6K | -0.1% |
Kemah | $400K | $380.7K | -4.8% |
Clear Lake Shores | $435K | $411K | -5.5% |
Housing Supply in Kemah, TX
How many homes are available in Kemah, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
61 | 68 | +11.5% |
Summary: The Kemah real estate market had 68 homes for sale in May 2024, a 11.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 16 | 16 | 0.0% |
3 Bedrooms | 20 | 24 | +20.0% |
4 Bedrooms | 19 | 21 | +10.5% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Kemah housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Kemah in May 2024, the same as the previous month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.
Days on Market for Kemah, TX
How long does it take to sell a home in Kemah, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
48 Days | 87 Days | +81.1% |
Summary: Homes in Kemah had an average of 87 days on market in May 2024, up by 81.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Kemah; 33% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.