Is Splendora, 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, Splendora was a Seller's Market.
Housing Prices in Splendora, TX
How much do homes in Splendora, TX cost?
Median Sold Price
$274,990
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Splendora was $274,990 in March 2024, up 5.2% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $175K | $160K | -8.6% |
3 Bedrooms | $207.5K | $262.1K | +26.3% |
4 Bedrooms | $308.4K | $310K | 0.5% |
5+ Bedrooms | $371.4K | $296.9K | -20.0% |
Summary: Splendora housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 20%.
Median Sold Price Compared To Nearby Cities
Splendora | $261.5K | $274.9K | +5.2% |
Southeast Montgomery | $372.3K | $356K | -4.4% |
Housing Supply in Splendora, TX
How many homes are available in Splendora, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
66 | 85 | +28.8% |
Summary: The Splendora real estate market had 85 homes for sale in March 2024, a 28.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 30 | 39 | +30.0% |
4 Bedrooms | 23 | 29 | +26.1% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Splendora housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 13 | +85.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Splendora in March 2024, up by 85.7% month-over-month. Of the 13 sold homes, 85% were sold under asking, 8% were sold at asking, and 8% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
61 Days | 40 Days | -33.8% |
Summary: Homes in Splendora had an average of 40 days on market in Mar 2024, down by 33.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in Splendora; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.