Is Conroe, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Conroe is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Conroe was a Seller's Market.

Key Takeaway

Conroe is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Conroe, TX

How much do homes in Conroe, TX cost?

Median Sold Price

$330,016

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$17(0%)

Key Takeaway

The sold price of homes in Conroe has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $160K$130K
-18.8%
2 $225K$253K
+12.4%
3 $294.5K$281.1K
-4.5%
4 $375.1K$367.1K
-2.1%
5+ $465K$500K
+7.5%

Summary: Conroe housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.8%, 2 bedroom homes increased by 12.4%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 7.5%.

Median Sold Price Compared To Nearby Cities

Southeast Montgomery
0.3%
Conroe
0%
Panorama Village
-1.5%

Housing Supply in Conroe, TX

How many homes are available in Conroe, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1,4141,551+9.7%

Summary: The Conroe real estate market had 1,551 homes for sale in October 2024, a 9.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 74
-42.9%
2 4141
0.0%
3 603669
+10.9%
4 651698
+7.2%
5+ 112139
+24.1%

Summary: The Conroe housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 24.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
275204-25.8%

Asking Price vs. Sold Price

136 Homes Were Sold
Under Asking

50 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Conroe, you may be able to get a good deal. 67% of homes here sold below asking price last month.

Summary: A total of 204 homes were sold or pending in Conroe in October 2024, down by 25.8% month-over-month. Of the 203 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% 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

Oct 2023Oct 2024CHANGE
46 Days50 Days+8.3%

Summary: Homes in Conroe had an average of 50 days on market in Oct 2024, up by 8.3% compared to last year.

Breakdown of Home Sale Times

83 Homes Were Sold
Under 30 Days

84 Homes Were Sold
In 30 - 90 Days

36 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Conroe has remained consistent over time.

Summary: During October 2024, 204 homes were sold in Conroe; 41% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Conroe, TX

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