In February 2024, the median home price in Memorial increased by 25.0% from the previous year, reaching $627K. Homes in Memorial typically sold after 33 days on the market, an improvement from 78 days last year. However, the number of homes sold decreased slightly, with 110 homes sold this February compared to 118 in the same month last year.
The real estate market in Memorial is moderately competitive. On average, properties are sold in 22.5 days. Several homes receive multiple bids, indicating strong buyer interest. Typically, homes sell for approximately 2% under the listed price and tend to go under contract within 23 days. More sought-after or "hot" homes may sell for roughly 1% above the asking price and typically go pending in about 5 days, suggesting that especially desirable properties move quickly in this market. This behavior highlights a dynamic market where well-priced or attractive homes can prompt immediate buyer action.
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