The Memorial Parkway housing market is very competitive. The median sale price of a home in Memorial Parkway was $277K last month, down 2.6% since last year. The median sale price per square foot in Memorial Parkway is $131, down 0.38% since last year.
What is the housing market like in Memorial Parkway today?
In March 2024, Memorial Parkway home prices were down 2.6% compared to last year, selling for a median price of $277K. On average, homes in Memorial Parkway sell after 62 days on the market compared to 16 days last year. There were 10 homes sold in March this year, down from 22 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$276,500
-2.6% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Memorial Parkway, TX
$276,500
-2.6%
United States
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How hot is the Memorial Parkway housing market?
Memorial Parkway is very competitive. Homes sell in 13 days.
0
100
79
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 13 days.
Hot homes
can sell for about 1% above list price and go pending in around 6 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Memorial Parkway housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Memorial Parkway.
Risk Factor
Flood Factor - Moderate
47% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Memorial Parkway has a moderate risk of flooding. 472 properties in Memorial Parkway are likely to be
severely affected
by flooding over the next 30 years. This represents 47% of all properties in Memorial Parkway. Flood risk is increasing slower than the national average.
7% of properties are at risk of wildfire over the next 30 years
Fire Factor
Memorial Parkway has a moderate risk of wildfire. There are 178 properties in Memorial Parkway that have some risk of being affected by wildfire over the next 30 years. This represents 7% of all properties in Memorial Parkway.
99% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Memorial Parkway has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Memorial Parkway is most at risk from hurricanes. 2,433 properties in Memorial Parkway have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 133 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 145 mph.
99% of properties are at extreme
risk of heat over the next 30 years
Heat Factor
Memorial Parkway has an extreme risk from heat. This is due to
"feels like" temperatures
increasing, and because 99% of homes in Memorial Parkway have an Extreme Heat Factor®.
Memorial Parkway is expected to see a 228% increase in the number of days over 110ºF over the next 30 years. Memorial Parkway is expected to experience 8