Is Spring, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Spring has remained a Seller's Market.
Key Takeaway
Spring is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring, TX
How much do homes in Spring, TX cost?
Median Sold Price
$355,814
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Spring have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Spring was $355,814 in May 2024, down 1.5% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $154K | $177.5K | +15.3% |
| 2 Bedrooms | $215K | $243K | +13.0% |
| 3 Bedrooms | $281.4K | $279.5K | -0.7% |
| 4 Bedrooms | $398.2K | $401.6K | +0.9% |
| 5+ Bedrooms | $650K | $654.4K | +0.7% |
Summary: Spring housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.3%, 2 bedroom homes increased by 13%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Cities
| Shenandoah | $379K | $538K | +42.0% |
| Northwest Harris | $335.1K | $338.2K | +0.9% |
| Spring | $361.2K | $355.8K | -1.5% |
| Oak Ridge North | $370.5K | $362.5K | -2.2% |
| Southeast Montgomery | $364.8K | $355.2K | -2.6% |
Housing Supply in Spring, TX
How many homes are available in Spring, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,807 | 2,124 | +17.5% |
Summary: The Spring real estate market had 2,124 homes for sale in May 2024, a 17.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 61 | 68 | +11.5% |
| 3 Bedrooms | 591 | 695 | +17.6% |
| 4 Bedrooms | 843 | 992 | +17.7% |
| 5+ Bedrooms | 307 | 364 | +18.6% |
Summary: The Spring 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 increased by 11.5%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 18.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 481 | 445 | -7.5% |
Asking Price vs. Sold Price
249 Homes Were Sold
Under Asking
87 Homes Were Sold
At Asking
106 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 445 homes were sold or pending in Spring in May 2024, down by 7.5% month-over-month. Of the 442 sold homes, 56% were sold under asking, 20% were sold at asking, and 24% were sold over asking.
Days on Market for Spring, TX
How long does it take to sell a home in Spring, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 32 Days | +22.6% |
Summary: Homes in Spring had an average of 32 days on market in May 2024, up by 22.6% compared to last year.
Breakdown of Home Sale Times
300 Homes Were Sold
Under 30 Days
108 Homes Were Sold
In 30 - 90 Days
37 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spring are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 445 homes were sold in Spring; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”. 
©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the San Antonio Board of Realtors. Real estate listings held by brokerage firms are indicated by detailed information about them such as the name of the listing firms. © 2024 San Antonio Board of Realtors®. All Rights Reserved.