Is Lake 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, Lake Conroe was a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $132.5K | $172.7K | +30.3% |
2 Bedrooms | $195K | $210K | +7.7% |
3 Bedrooms | $320K | $318.7K | -0.4% |
4 Bedrooms | $429.7K | $410.7K | -4.4% |
5+ Bedrooms | $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 2024 | Mar 2024 | CHANGE |
---|---|---|
657 | 815 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 26 | 30 | +15.4% |
2 Bedrooms | 63 | 74 | +17.5% |
3 Bedrooms | 323 | 416 | +28.8% |
4 Bedrooms | 202 | 237 | +17.3% |
5+ Bedrooms | 43 | 58 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
97 | 98 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 57 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
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.