Is Lake Conroe, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake Conroe is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Lake Conroe was a Seller's Market.

Key Takeaway

Lake Conroe is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Lake Conroe, TX

How much do homes in Lake Conroe, TX cost?

Median Sold Price

$333,203

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$3,538(-1.1%)

Key Takeaway

Homes in Lake Conroe have sold for 1.1% less than they did a year ago.

Summary: The median home sold price in Lake Conroe was $333,203 in March 2024, down 1.1% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $132.5K$172.7K
+30.3%
2 $195K$210K
+7.7%
3 $320K$318.7K
-0.4%
4 $429.7K$410.7K
-4.4%
5+ $791K$727.5K
-8.0%

Summary: Lake Conroe housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.3%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 8%.

Housing Supply in Lake Conroe, TX

How many homes are available in Lake Conroe, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
657815+24.0%

Summary: The Lake Conroe real estate market had 815 homes for sale in March 2024, a 24.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 2630
+15.4%
2 6374
+17.5%
3 323416
+28.8%
4 202237
+17.3%
5+ 4358
+34.9%

Summary: The Lake Conroe housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 28.8%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 34.9%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
9798+1.0%

Asking Price vs. Sold Price

68 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake Conroe, you may be able to get a good deal. 69.4% of homes here sold below asking price last month.

Summary: A total of 98 homes were sold or pending in Lake Conroe in March 2024, up by 1.0% month-over-month. Of the 98 sold homes, 69% were sold under asking, 22% were sold at asking, and 8% were sold over asking.

Days on Market for Lake Conroe, TX

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

Average Sale Time

Mar 2023Mar 2024CHANGE
58 Days57 Days-2.2%

Summary: Homes in Lake Conroe had an average of 57 days on market in Mar 2024, down by 2.2% compared to last year.

Breakdown of Home Sale Times

45 Homes Were Sold
Under 30 Days

31 Homes Were Sold
In 30 - 90 Days

22 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 98 homes were sold in Lake Conroe; 46% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 22% 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 28 Days Ago

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