Is Conroe, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Conroe was a Seller's Market.
Key Takeaway
Conroe is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Conroe, TX
How much do homes in Conroe, TX cost?
Median Sold Price
$333,741
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Conroe have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Conroe was $333,741 in May 2024, up 1.1% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $127.5K | -20.3% |
| 2 Bedrooms | $225K | $250K | +11.1% |
| 3 Bedrooms | $292.1K | $290.2K | -0.7% |
| 4 Bedrooms | $370K | $370.7K | 0.2% |
| 5+ Bedrooms | $457K | $508.5K | +11.3% |
Summary: Conroe housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.3%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 11.3%.
Median Sold Price Compared To Nearby Cities
| Panorama Village | $273.2K | $299K | +9.4% |
| Conroe | $330K | $333.7K | +1.1% |
| Southeast Montgomery | $364.8K | $355.2K | -2.6% |
Housing Supply in Conroe, TX
How many homes are available in Conroe, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,404 | 1,714 | +22.1% |
Summary: The Conroe real estate market had 1,714 homes for sale in May 2024, a 22.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 10 | 0.0% |
| 2 Bedrooms | 46 | 45 | -2.2% |
| 3 Bedrooms | 581 | 728 | +25.3% |
| 4 Bedrooms | 666 | 807 | +21.2% |
| 5+ Bedrooms | 101 | 124 | +22.8% |
Summary: The Conroe housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 25.3%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 22.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 254 | 278 | +9.4% |
Asking Price vs. Sold Price
163 Homes Were Sold
Under Asking
74 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Conroe, you may be able to get a good deal. 58.6% of homes here sold below asking price last month.
Summary: A total of 278 homes were sold or pending in Conroe in May 2024, up by 9.4% month-over-month. Of the 278 sold homes, 59% were sold under asking, 27% were sold at asking, and 15% were sold over asking.
Days on Market for Conroe, TX
How long does it take to sell a home in Conroe, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 48 Days | 50 Days | +4.6% |
Summary: Homes in Conroe had an average of 50 days on market in May 2024, up by 4.6% compared to last year.
Breakdown of Home Sale Times
139 Homes Were Sold
Under 30 Days
92 Homes Were Sold
In 30 - 90 Days
47 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Conroe are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 278 homes were sold in Conroe; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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