$4,928 Closing Credit*
$415,000
2,651 SqFt
4 Beds
•3 Full Baths
Kevin Schamel, Listing Office: Coldwell Banker Realty - The Woodlands
Is Spring, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Spring was a Seller's Market.
Key Takeaway
Spring 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 Spring, TX
How much do homes in Spring, TX cost?
Median Sold Price
$369,854
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,051(+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 $369,854 in November 2024, up 6.3% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162K | $145K | -10.5% |
| 2 Bedrooms | $225K | $230.2K | +2.3% |
| 3 Bedrooms | $272K | $285K | +4.7% |
| 4 Bedrooms | $389.5K | $415.8K | +6.8% |
| 5+ Bedrooms | $649.9K | $691.9K | +6.5% |
Summary: Spring housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Cities
| Spring | $347.8K | $369.8K | +6.3% |
| Southeast Montgomery | $339.5K | $354.7K | +4.5% |
| Northwest Harris | $339.8K | $350.1K | +3.0% |
| Oak Ridge North | $355K | $361.5K | +1.8% |
Housing Supply in Spring, TX
How many homes are available in Spring, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,905 | 1,982 | +4.0% |
Summary: The Spring real estate market had 1,982 homes for sale in November 2024, a 4.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 7 | -30.0% |
| 2 Bedrooms | 66 | 69 | +4.5% |
| 3 Bedrooms | 693 | 699 | +0.9% |
| 4 Bedrooms | 819 | 880 | +7.4% |
| 5+ Bedrooms | 317 | 327 | +3.2% |
Summary: The Spring housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 3.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 429 | 313 | -27.0% |
Asking Price vs. Sold Price
197 Homes Were Sold
Under Asking
68 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring, you may be able to get a good deal. 63.5% of homes here sold below asking price last month.
Summary: A total of 313 homes were sold or pending in Spring in November 2024, down by 27.0% month-over-month. Of the 310 sold homes, 64% were sold under asking, 22% were sold at asking, and 15% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 40 Days | +23.3% |
Summary: Homes in Spring had an average of 40 days on market in Nov 2024, up by 23.3% compared to last year.
Breakdown of Home Sale Times
166 Homes Were Sold
Under 30 Days
102 Homes Were Sold
In 30 - 90 Days
42 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 November 2024, 313 homes were sold in Spring; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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