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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Springvale is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Springvale was a Seller's Market.

Key Takeaway

Springvale 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 Springvale, TX

How much do homes in Springvale, TX cost?

Median Sold Price

$211,999

$187/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$20,749(+10.8%)

Key Takeaway

Homes in Springvale have sold for 10.8% more than they did a month ago.

Summary: The median home sold price in Springvale was $211,999 in October 2024, up 10.8% from last month, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $200.4K$211.9K
+5.7%
4 $87K-
N/A
5+ --
N/A

Summary: Springvale housing prices by bedroom type for October 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 5.7%, 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

Sep 2024Oct 2024CHANGE
2024+20.0%

Summary: The Springvale real estate market had 24 homes for sale in October 2024, a 20.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1413
-7.1%
4 59
+80.0%
5+ 00
0.0%

Summary: The Springvale housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 80%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
440.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Springvale, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Springvale in October 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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

Sep 2024Oct 2024CHANGE
18 Days40 Days+121.9%

Summary: Homes in Springvale had an average of 40 days on market in Oct 2024, up by 121.9% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were 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 October 2024, 4 homes were sold in Springvale; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 21 Days Ago

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