Is Splendora, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Splendora has remained a Seller's Market.
Housing Prices in Splendora, TX
How much do homes in Splendora, TX cost?
Median Sold Price
$265,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Splendora was $265,000 in May 2024, down 1.8% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $153.2K | $185K | +20.7% |
3 Bedrooms | $220.9K | $256.5K | +16.1% |
4 Bedrooms | $350K | $274.9K | -21.4% |
5+ Bedrooms | $371.4K | $340K | -8.5% |
Summary: Splendora housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 16.1%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 8.5%.
Median Sold Price Compared To Nearby Cities
Splendora | $269.9K | $265K | -1.8% |
Southeast Montgomery | $364.8K | $355.2K | -2.6% |
Housing Supply in Splendora, TX
How many homes are available in Splendora, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
124 | 125 | +0.8% |
Summary: The Splendora real estate market had 125 homes for sale in May 2024, a 0.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 9 | +50.0% |
3 Bedrooms | 52 | 53 | +1.9% |
4 Bedrooms | 59 | 57 | -3.4% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Splendora housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 22 | +10.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Splendora in May 2024, up by 10.0% month-over-month. Of the 22 sold homes, 50% were sold under asking, 41% were sold at asking, and 9% were sold over asking.
Days on Market for Splendora, TX
How long does it take to sell a home in Splendora, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
69 Days | 36 Days | -48.0% |
Summary: Homes in Splendora had an average of 36 days on market in May 2024, down by 48% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in Splendora; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.