In-depth Real Estate Data: Major Markets

Memorial Research, Pricing, and Statistics

From May 25th, 2024 through November 21st, 2024

Units Sold:

1,483

Average Sold Price:

$614,089

Average Sold Discount:

3%

Average Price Reduction:

2%

Average DOM:

56

The Memorial market area in Houston offers a diverse range of homes, with prices ranging from $485,000 to $1,850,000. With an average list price of $1,090,981 and home sizes averaging 2,943 sq ft, buyers can find spacious options. Currently, there are 741 homes for sale, making it a vibrant market for both buyers and sellers.

Active Listings

741

Average List Price

$1,090,981

Typical List Price

$229k to $899k

Homes Listed per Price Range

A visual list price spectrum representation

$81kto$1.9M$1.9Mto$3.7M$3.7Mto$5.5M$5.5Mto$7.3M$7.3Mto$9.1M$9.1Mto$10.9M$10.9Mto$12.7M$12.7Mto$14.4M$14.4Mto$16.2M$16.2Mto$18.0M$18.0Mto$19.8M$19.8Mto$21.6M$21.6Mto$23.4M$23.4Mto$25.2M$25.2Mto$27.0M$27.0Mto$28.8M$28.8Mto$30.6M$30.6Mto$32.4M$32.4Mto$34.2M$34.2Mto$36.0M
202463662171271412

Sold Listings

1,483

Average Selling Price

$614,089

Typical Selling Price

$4k to $765k

Homes Sold per Price Range

A visual sold price spectrum representation

$1kto$751k$751kto$1.5M$1.5Mto$2.3M$2.3Mto$3.0M$3.0Mto$3.8M$3.8Mto$4.5M$4.5Mto$5.3M$5.3Mto$6.0M$6.0Mto$6.8M$6.8Mto$7.5M$7.5Mto$8.3M$8.3Mto$9.0M$9.0Mto$9.8M$9.8Mto$10.5M$10.5Mto$11.3M$11.3Mto$12.0M$12.0Mto$12.8M$12.8Mto$13.5M$13.5Mto$14.3M$14.3Mto$15.0M
20241,109223763416884222

Average Sold Price per Sq Ft

$263

Typical Sold Price per Sq Ft

$156 to $315

Number of Homes Sold by Sold Price per Square Foot

Breaking down the market by $/SF ranges

to$47$47to$95$95to$142$142to$189$189to$236$236to$283$283to$330$330to$377$377to$424$424to$472$472to$519$519to$566$566to$613$613to$660$660to$707$707to$754$754to$801$801to$849$849to$896$896to$910
2024461513223818211080825139252916821112

Average Days to Sell

56

Typical Days to Sell

7 to 66

Days on the Market Distribution

The number of homes sold in each DOM range

to5959to119119to178178to238238to297297to357357to416416to476476to535535to595595to654654to713713to773773to832832to892892to951951to1,0111,011to1,0701,070to1,1301,130to1,189
20241,08121976383415127213212

Average Price Reduction

2%

Typical Price Reduction

0% to 2%

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.)

-29%to-26%-26%to-23%-23%to-20%-20%to-17%-17%to-14%-14%to-11%-11%to-8%-8%to-5%-5%to-2%-2%to1%1%to4%4%to7%7%to10%10%to13%13%to16%16%to19%19%to22%22%to25%25%to28%28%to31%
202411311108162,1123132691277241309124

Average Discount from Original List

3%

Typical Sold Discount from Original List

0% to 6%

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-29%to-25%-25%to-22%-22%to-18%-18%to-14%-14%to-10%-10%to-6%-6%to-2%-2%to1%1%to5%5%to9%9%to13%13%to17%17%to21%21%to24%24%to28%28%to32%32%to36%36%to40%40%to44%44%to47%
2024323927468851733622210861371231112

Average Discount from Last List

2%

Typical Sold Discount from Last List

0% to 4%

Negotiated Disocunts from Final List Price

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

-29%to-26%-26%to-23%-23%to-20%-20%to-17%-17%to-14%-14%to-11%-11%to-9%-9%to-6%-6%to-3%-3%to0%0%to3%3%to6%6%to9%9%to12%12%to15%15%to18%18%to21%21%to24%24%to27%27%to30%
2024222161622427159629323211247189632

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.