Builder Community Research

Empire Communities Reserve in Memorial

From May 19th, 2024 through November 15th, 2024

Units Sold:

149

Average Sold Price:

$380,801

Average Sold Discount:

4%

Average Price Reduction:

2%

Average DOM:

79

Empire Communities is a Houston home builder offering new homes in several communities, including those with the most active listings. Their homes typically average 2,237 sq ft and are priced from $265,000 to $895,000. With a variety of styles and sizes, there's something for everyone in their vibrant neighborhoods.

Active Listings

7

Average List Price

$806,857

Typical List Price

$799k to $850k

Homes Listed per Price Range

A visual list price spectrum representation

$625kto$715k$715kto$805k$805kto$895k
2024125

Sold Listings

4

Average Selling Price

$842,500

Typical Selling Price

$761k to $909k

Homes Sold per Price Range

A visual sold price spectrum representation

$750kto$858k$858kto$965k
202423

Average Sold Price per Sq Ft

$315

Typical Sold Price per Sq Ft

$277 to $360

Number of Homes Sold by Sold Price per Square Foot

Breaking down the market by $/SF ranges

$232to$253$253to$275
202414

Average Days to Sell

96

Typical Days to Sell

22 to 118

Days on the Market Distribution

The number of homes sold in each DOM range

14to149149to284
202432

Average Price Reduction

3%

Typical Price Reduction

0% to 7%

Price Reduction Distribution

Shows the number of homes within each price reduction bracket. If you were clothes shopping, this would be like counting how many shirts were on each of the various clearance racks (5%, 10%, etc.)

-3%to1%1%to5%5%to10%10%to14%14%to18%
202491122

Average Discount from Original List

6%

Typical Sold Discount from Original List

2% to 9%

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-3%to8%8%to18%
202432

Average Discount from Last List

3%

Typical Sold Discount from Last List

0% to 5%

Negotiated Disocunts from Final List Price

The percentage difference between final list price and closed price, distributed

0%to3%3%to6%
202423

About Our Data

All analysis, rankings, ratings, and throughout this site are generated by us here at Icon Real Estate. All raw data comes from the Houston Association of Realtors (HAR, HRIS) – but you're not viewing raw data. We track, categorize, analyze, and rank everything from zip codes to school zones based on geographic (boundary) data that is either (a) provided by local jurisdictions, (b) purchased from third-party sources, or (c) hand-drawn by our team.

Builder statistics rely heavily on our local knowledge and familiarity with the marketing (listing) practices of major local builders. It's not an exact science, but we're pretty accurate in assigning listings to the correct builder. We leverage a bit of AI in that process as well.

It's all good stuff, and we're pretty confident you'll find it useful. But just FYI - no warranties or guarantees. Let us know if you're looking for something you don't see here.