$2,696 Closing Credit*
$227,000
1,810 SqFt
3 Beds
•2 Full Baths
Fariah Qureshi, Listing Office: HomeSmart
Is Spring, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$372,061
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,085(+6.3%)
Key Takeaway
Homes in Spring have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Spring was $372,061 in October 2024, up 6.3% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $145K | -12.1% |
| 2 Bedrooms | $227K | $230.2K | +1.4% |
| 3 Bedrooms | $274.9K | $287K | +4.4% |
| 4 Bedrooms | $391K | $415.8K | +6.3% |
| 5+ Bedrooms | $650.8K | $685.7K | +5.4% |
Summary: Spring housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.1%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Cities
| Shenandoah | $446.5K | $490.2K | +9.8% |
| Spring | $349.9K | $372K | +6.3% |
| Northwest Harris | $330.8K | $347.5K | +5.1% |
| Southeast Montgomery | $355.8K | $357K | 0.3% |
| Oak Ridge North | $358.7K | $359K | 0.1% |
Housing Supply in Spring, TX
How many homes are available in Spring, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,859 | 2,103 | +13.1% |
Summary: The Spring real estate market had 2,103 homes for sale in October 2024, a 13.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 56 | 70 | +25.0% |
| 3 Bedrooms | 661 | 759 | +14.8% |
| 4 Bedrooms | 828 | 926 | +11.8% |
| 5+ Bedrooms | 306 | 339 | +10.8% |
Summary: The Spring housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 10.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 388 | 399 | +2.8% |
Asking Price vs. Sold Price
253 Homes Were Sold
Under Asking
87 Homes Were Sold
At Asking
56 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring, you may be able to get a good deal. 63.9% of homes here sold below asking price last month.
Summary: A total of 399 homes were sold or pending in Spring in October 2024, up by 2.8% month-over-month. Of the 396 sold homes, 64% were sold under asking, 22% were sold at asking, and 14% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 35 Days | +7.5% |
Summary: Homes in Spring had an average of 35 days on market in Oct 2024, up by 7.5% compared to last year.
Breakdown of Home Sale Times
247 Homes Were Sold
Under 30 Days
117 Homes Were Sold
In 30 - 90 Days
32 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 October 2024, 399 homes were sold in Spring; 62% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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