Monica Foster Team of eXp Realty

Kemah, TX 77565

Single-Family Homes

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Kemah, TX 77565

Thu Dec 08 2022
This week the median list price for Kemah, TX 77565 is $570,000 with the market action index hovering around 24. This is less than last month's market action index of 32. Inventory has increased to 39. Click here to stay informed with the Kemah market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Kemah, TX 77565

Thu Dec 08 2022
This week the median list price for Kemah, TX 77565 is $570,000 with the market action index hovering around 24. This is less than last month's market action index of 32. Inventory has increased to 39. Click here to stay informed with the Kemah market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Real-Time Market Profile

Never miss important changes in the Kemah market.
Median List Price $570,000
Median Price of New Listings $265,000
Per Square Foot $257
Average Days on Market 86
Median Days on Market 63
Price Decreased 46%
Price Increased 0%
Relisted 10%
Inventory 39
Median Rent
Market Action 24
Slight Buyer's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,495,000 3,940 0.25 - 0.5 acre 4 3.5 25 0 0 119
$850,000 2,994 6,500 - 8,000 sqft 3 3 7 0 2 28
$421,750 2,367 6,500 - 8,000 sqft 3 2.8 32 0 1 52
$284,200 1,692 4,500 - 6,500 sqft 3 2 28 1 0 63