In-depth Real Estate Data: Local Markets

Memorial Research, Pricing, and Statistics

From June 16th, 2024 through December 13th, 2024

Units Sold:

566

Average Sold Price:

$933,828

Average Sold Discount:

3%

Average Price Reduction:

1%

Average DOM:

64

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

442

Average List Price

$1,051,459

Typical List Price

$240k to $1,098k

Homes Listed per Price Range

A visual list price spectrum representation

$110kto$705k$705kto$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
20242816930171111541522122

Sold Listings

566

Average Selling Price

$933,828

Typical Selling Price

$328k to $1,194k

Homes Sold per Price Range

A visual sold price spectrum representation

$93kto$436k$436kto$779k$779kto$1.1M$1.1Mto$1.5M$1.5Mto$1.8M$1.8Mto$2.2M$2.2Mto$2.5M$2.5Mto$2.8M$2.8Mto$3.2M$3.2Mto$3.5M$3.5Mto$3.9M$3.9Mto$4.2M$4.2Mto$4.6M$4.6Mto$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
2024197132766134189131053121122

Average Sold Price per Sq Ft

$269

Typical Sold Price per Sq Ft

$161 to $332

Number of Homes Sold by Sold Price per Square Foot

Breaking down the market by $/SF ranges

$62to$107$107to$152$152to$197$197to$242$242to$287$287to$332$332to$378$378to$423$423to$468$468to$513$513to$558$558to$603$603to$648$648to$693$693to$706
2024778124924147543526211510312

Average Days to Sell

64

Typical Days to Sell

5 to 73

Days on the Market Distribution

The number of homes sold in each DOM range

to5959to119119to178178to238238to297297to357357to416416to476476to535535to595595to654654to713713to773773to832832to892892to951951to1,0111,011to1,0701,070to1,1301,130to1,189
2024407643820111014511212

Average Price Reduction

1%

Typical Price Reduction

0% to 1%

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%to21%21%to24%24%to27%27%to30%
20241111139631351074428195212

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

-27%to-23%-23%to-19%-19%to-16%-16%to-12%-12%to-8%-8%to-5%-5%to-1%-1%to3%3%to7%7%to10%10%to14%14%to18%18%to21%21%to25%25%to29%29%to33%33%to36%36%to40%40%to44%44%to47%
20242191226721801267129211052

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

-27%to-24%-24%to-21%-21%to-18%-18%to-16%-16%to-13%-13%to-10%-10%to-7%-7%to-4%-4%to-1%-1%to2%2%to4%4%to7%7%to10%10%to13%13%to16%16%to19%19%to21%21%to24%24%to27%27%to30%
202411116914205916214083451353112

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.