Is Conroe, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Conroe has remained a Seller's Market.
Housing Prices in Conroe, TX
How much do homes in Conroe, TX cost?
Median Sold Price
$335,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Conroe was $335,000 in June 2024, up 1.5% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $128.7K | +12.0% |
2 Bedrooms | $222.5K | $253.9K | +14.1% |
3 Bedrooms | $292.4K | $289.9K | -0.8% |
4 Bedrooms | $369.9K | $375K | +1.4% |
5+ Bedrooms | $456.3K | $496.5K | +8.8% |
Summary: Conroe housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 14.1%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Cities
Panorama Village | $268.7K | $305K | +13.5% |
Conroe | $329.9K | $335K | +1.5% |
Southeast Montgomery | $361.3K | $359.6K | -0.5% |
Housing Supply in Conroe, TX
How many homes are available in Conroe, TX?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,592 | 1,743 | +9.5% |
Summary: The Conroe real estate market had 1,743 homes for sale in June 2024, a 9.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 11 | +22.2% |
2 Bedrooms | 44 | 45 | +2.3% |
3 Bedrooms | 673 | 720 | +7.0% |
4 Bedrooms | 756 | 827 | +9.4% |
5+ Bedrooms | 110 | 140 | +27.3% |
Summary: The Conroe housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
316 | 311 | -1.6% |
Asking Price vs. Sold Price
165 Homes Were Sold
Under Asking
98 Homes Were Sold
At Asking
48 Homes Were Sold
Over Asking
Summary: A total of 311 homes were sold or pending in Conroe in June 2024, down by 1.6% month-over-month. Of the 311 sold homes, 53% were sold under asking, 32% were sold at asking, and 15% were sold over asking.
Days on Market for Conroe, TX
How long does it take to sell a home in Conroe, TX?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
49 Days | 44 Days | -9.7% |
Summary: Homes in Conroe had an average of 44 days on market in Jun 2024, down by 9.7% compared to last year.
Breakdown of Home Sale Times
165 Homes Were Sold
Under 30 Days
96 Homes Were Sold
In 30 - 90 Days
50 Homes Were Sold
Over 90 Days
Summary: During June 2024, 311 homes were sold in Conroe; 53% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.