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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Springvale is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Springvale was a Neutral Market.

Key Takeaway

Springvale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Springvale, TX

How much do homes in Springvale, TX cost?

Median Sold Price

$186,984

$154/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$2,510(+1.4%)

Key Takeaway

Homes in Springvale have sold for 1.4% more than they did a month ago.

Summary: The median home sold price in Springvale was $186,984 in November 2024, up 1.4% from last month, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$100K
N/A
3 $184.4K$186.9K
+1.4%
4 -$237.9K
N/A
5+ --
N/A

Summary: Springvale housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Springvale, TX

How many homes are available in Springvale, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2423-4.2%

Summary: The Springvale real estate market had 23 homes for sale in November 2024, a 4.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1210
-16.7%
4 1011
+10.0%
5+ 00
0.0%

Summary: The Springvale housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Springvale, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Springvale in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.

Days on Market for Springvale, TX

How long does it take to sell a home in Springvale, TX?

Average Sale Time

Oct 2024Nov 2024CHANGE
47 Days32 Days-31.6%

Summary: Homes in Springvale had an average of 32 days on market in Nov 2024, down by 31.6% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Springvale are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 6 homes were sold in Springvale; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 Springvale, TX

Nearby Markets to Springvale, TX