In-depth Real Estate Data: Local Markets

Memorial Research, Pricing, and Statistics

From August 9th, 2024 through February 5th, 2025

Units Sold:

519

Average Sold Price:

$687,949

Average Sold Discount:

4%

Average Price Reduction:

2%

Average DOM:

56

The Memorial local market in Houston offers a diverse range of homes, with 442 properties currently for sale. Prices range from $110,000 to $12,000,000, with an average list price of $1,051,459. Home sizes vary significantly, averaging 2,967 sq ft, making it an appealing area for buyers and sellers alike.

Active Listings

382

Average List Price

$998,816

Typical List Price

$225k to $953k

Homes Listed per Price Range

A visual list price spectrum representation

$107kto$702k$702kto$1.3M$1.3Mto$1.9M$1.9Mto$2.5M$2.5Mto$3.1M$3.1Mto$3.7M$3.7Mto$4.3M$4.3Mto$4.9M$4.9Mto$5.5M$5.5Mto$6.1M$6.1Mto$6.6M$6.6Mto$7.2M$7.2Mto$7.8M$7.8Mto$8.4M$8.4Mto$9.0M$9.0Mto$9.6M$9.6Mto$10.2M$10.2Mto$10.8M$10.8Mto$11.4M$11.4Mto$12.0M
202525746231991033112221112

Sold Listings

519

Average Selling Price

$687,949

Typical Selling Price

$8k to $908k

Homes Sold per Price Range

A visual sold price spectrum representation

$1kto$350k$350kto$699k$699kto$1.0M$1.0Mto$1.4M$1.4Mto$1.7M$1.7Mto$2.1M$2.1Mto$2.4M$2.4Mto$2.8M$2.8Mto$3.1M$3.1Mto$3.5M$3.5Mto$3.8M$3.8Mto$4.2M$4.2Mto$4.5M$4.5Mto$4.9M$4.9Mto$5.2M$5.2Mto$5.6M$5.6Mto$5.9M$5.9Mto$6.3M$6.3Mto$6.6M$6.6Mto$7.0M
20252528964402720435132121222

Average Sold Price per Sq Ft

$267

Typical Sold Price per Sq Ft

$159 to $346

Number of Homes Sold by Sold Price per Square Foot

Breaking down the market by $/SF ranges

to$72$72to$145$145to$217$217to$289$289to$361$361to$433$433to$505$505to$577$577to$649$649to$722$722to$754
2025132531257047402313513

Average Days to Sell

56

Typical Days to Sell

7 to 68

Days on the Market Distribution

The number of homes sold in each DOM range

to3838to7575to113113to151151to189189to226226to264264to302302to339339to377377to415415to452452to490490to528528to566566to603603to641641to679679to716716to754
202531286521920576611122

Average Price Reduction

2%

Typical Price Reduction

0% to 3%

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.)

-4%to-3%-3%to-1%-1%to1%1%to3%3%to4%4%to6%6%to8%8%to10%10%to11%11%to13%13%to15%15%to16%16%to18%18%to20%20%to22%22%to23%23%to25%25%to27%27%to29%29%to30%
202544379396446191345712212

Average Discount from Original List

4%

Typical Sold Discount from Original List

0% to 7%

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-19%to-17%-17%to-14%-14%to-12%-12%to-9%-9%to-7%-7%to-5%-5%to-2%-2%to0%0%to2%2%to5%5%to7%7%to10%10%to12%12%to14%14%to17%17%to19%19%to21%21%to24%24%to26%26%to29%
202511346152114148757547272110117232

Average Discount from Last List

2%

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

-19%to-17%-17%to-15%-15%to-13%-13%to-11%-11%to-9%-9%to-8%-8%to-6%-6%to-4%-4%to-2%-2%to0%0%to2%2%to4%4%to6%6%to8%8%to9%9%to11%11%to13%13%to15%15%to17%17%to19%
2025113269151817319377714725118314

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.