Is Conroe, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Conroe was a Seller's Market.
Housing Prices in Conroe, TX
How much do homes in Conroe, TX cost?
Median Sold Price
$337,483
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Conroe was $337,483 in March 2024, up 6.7% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $130K | -18.8% |
2 Bedrooms | $230.5K | $243.5K | +5.6% |
3 Bedrooms | $285K | $295K | +3.5% |
4 Bedrooms | $359K | $377.1K | +5.0% |
5+ Bedrooms | $520.8K | $494.8K | -5.0% |
Summary: Conroe housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.8%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 5%.
Median Sold Price Compared To Nearby Cities
Conroe | $316.2K | $337.4K | +6.7% |
Panorama Village | $280K | $294.5K | +5.2% |
Southeast Montgomery | $372.3K | $356K | -4.4% |
Housing Supply in Conroe, TX
How many homes are available in Conroe, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,083 | 1,249 | +15.3% |
Summary: The Conroe real estate market had 1,249 homes for sale in March 2024, a 15.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 9 | +28.6% |
2 Bedrooms | 33 | 33 | 0.0% |
3 Bedrooms | 427 | 521 | +22.0% |
4 Bedrooms | 526 | 578 | +9.9% |
5+ Bedrooms | 90 | 108 | +20.0% |
Summary: The Conroe housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes remained the same, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
209 | 202 | -3.3% |
Asking Price vs. Sold Price
127 Homes Were Sold
Under Asking
54 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 202 homes were sold or pending in Conroe in March 2024, down by 3.3% month-over-month. Of the 202 sold homes, 63% were sold under asking, 27% were sold at asking, and 10% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
76 Days | 58 Days | -22.8% |
Summary: Homes in Conroe had an average of 58 days on market in Mar 2024, down by 22.8% compared to last year.
Breakdown of Home Sale Times
91 Homes Were Sold
Under 30 Days
58 Homes Were Sold
In 30 - 90 Days
53 Homes Were Sold
Over 90 Days
Summary: During March 2024, 202 homes were sold in Conroe; 45% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.