Is Spring, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Spring is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Spring has remained a Seller's Market.

Key Takeaway

Spring is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Spring, TX cost?

Median Sold Price

$358,760

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$42,632(+13.5%)

Key Takeaway

Homes in Spring have sold for 13.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $114.2K$125K
+9.4%
2 $199K$215K
+8.0%
3 $240.3K$277.4K
+15.4%
4 $344.9K$394.4K
+14.3%
5+ $539K$622.1K
+15.4%

Median Sold Price Compared To Nearby Cities

Oak Ridge North
+31.4%
Shenandoah
+28.7%
Northwest Harris
+16.0%
Southeast Montgomery
+14.0%
Spring
+13.5%

How many homes are available in Spring, TX?

Number of Homes For Sale

Aug 2022Sep 2022%
1,7721,789+1.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 33
0.0%
2 4343
0.0%
3 618645
+4.4%
4 834827
-0.8%
5+ 274271
-1.1%

Number of Homes Sold

Aug 2022Sep 2022%
566468-17.3%

Asking Price vs. Sold Price

243 Homes Were Sold
Under Asking

100 Homes Were Sold
At Asking

122 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Spring, you may be able to get a good deal. 52.3% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
16 Days20 Days+25.5%

Breakdown of Home Sale Times

355 Homes Were Sold
Under 30 Days

99 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Spring, TX

Homes for sale in Spring, TX have reached 1,789. The number of listings in Spring, TX increased by 1% between August 2022 and September 2022. Listings spent 20 days on the market in September 2022, and had a median list price of $358,760 during the same period. Listing prices have changed in this real estate market between August 2022 and September 2022: 1 bedroom properties became 9.4% more expensive, prices of 2 bedrooms properties increased by 8%, prices of 3 bedrooms properties increased by 15.4%, the cost of 4 bedrooms properties went up by 14.3%, prices of 5 bedrooms properties increased by 15.4%. This housing market inventory have changed: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory did not change, volume of 3 bedrooms homes went up by 4.4%, 4 bedrooms homes inventory decreased by 0.8%, volume of 5 bedrooms homes went down by 1.1%. Over 122 listings were sold over their listed price in September 2022 in Spring, TX. In the same period over 243 listings were sold below the listed price and 100 listings were sold for the listed price.

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