Houston Texas neighborhood aerial view, Nick Chambers, Broker Associate, Realty Of America (ROA) real estate
Houston Neighborhoods/Memorial City

Houston · Neighborhood Intelligence

Memorial City

Median Price

$970K

Avg DOM

19 days

Trend

Rising

Median Price

$970K

Avg DOM

19d

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Memorial City Market Report, August 2026

Refreshed twice monthly

Median Price

$970K

Avg DOM

19d

Active

276

Trend

Rising

As of August 2, 2026, the Memorial real estate market exhibits a rising price trend, with the median sale price reaching $970,000, reflecting strong year-over-year appreciation. Market velocity remains high with homes averaging just 19 days on market and 76 successful closings in the last 30 days. Despite a balanced inventory of 276 active listings, the high concentration of sales near or above list price underscores a competitive environment for single-family residences in this premier Houston corridor.

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Memorial City Guides & Listicles

Expert insights and local listicles featuring Nick Chambers, your go-to guide for Memorial City.

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Memorial City News & Developments

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MetroNational Advances Multi-Phase Renovations at Memorial City Place

Renovations at the 9821 Katy Freeway office building reached a major milestone in late May 2026 with the successful demolition of the skybridge. The ongoing project includes a full lobby remodel and the addition of new wellness rooms and collaborative spaces to modernize the corporate environment for existing and future tenants.

Real estate impact: Modernizing local office stock helps retain major corporate tenants, supporting the local economy and ensuring a steady pool of high-income buyers for the local housing market.

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Greenside Mixed-Use Project Moves Toward Late 2026 Opening

Construction on Greenside, a 35,000-square-foot adaptive reuse project, is progressing with landscaping and green space restoration scheduled for completion this summer. The project converts historic warehouse structures into a walkable community hub featuring restaurants and office space across from the Memorial City Mall.

Real estate impact: The addition of upscale lifestyle and wellness amenities directly improves resident quality of life, making the immediate neighborhood more competitive for younger professional buyers.

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Demolition and Site Prep Begin for $8.8M Memorial City Mall Overhaul

MetroNational has officially commenced the first phase of its Memorial City Mall redevelopment, which includes the demolition of over 400,000 square feet of interior and exterior space near the former Sears wing. The project focuses on improving parking flow and creating a new ground-floor lobby and relocated entrance, with initial site work slated for completion by early 2027.

Real estate impact: The transition of the mall into a modern mixed-use hub enhances local walkability and long-term land value, likely increasing demand for nearby single-family homes and luxury condos.

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Greenside Mixed-Use Complex Targets Late Summer 2026 Completion with Michelin-Recognized Tenants

The Greenside adaptive reuse project at 1085 Gessner is nearing completion, with the first wave of tenants including Michelin-recognized Pizzana and Hiatus Day Spa scheduled to open by late summer. The 35,000-square-foot development transforms former industrial warehouses into a pedestrian-friendly retail and wellness hub featuring a one-acre central lawn.

Real estate impact: The addition of high-profile, Michelin-recognized dining and luxury wellness services enhances the 'lifestyle' factor of the neighborhood, driving demand for nearby modern townhomes and high-rise residential units.

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City and TIRZ 17 Advance $75 Million Underground Detention Project Near Memorial Middle School

Construction is progressing on a 9.25-acre subsurface detention basin at the Memorial Middle School property designed to mitigate chronic street flooding along the Gessner Road corridor. The project, funded by FEMA and TIRZ 17, will provide approximately 95 acre-feet of stormwater storage to protect surrounding residential and commercial assets.

Real estate impact: Significant drainage improvements directly reduce flood insurance risks and improve the long-term desirability of homes in the Memorial Bend and Spring Branch areas, stabilizing real estate values against extreme weather events.

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Nick Chambers

Nick Chambers

Memorial City Specialist

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Memorial City At a Glance

Median Price$970K
Avg Days on Market19 days
Price TrendRising

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