Is Spring Branch Central, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Spring Branch Central has remained a Seller's Market.
Housing Prices in Spring Branch Central, TX
How much do homes in Spring Branch Central, TX cost?
Median Sold Price
$390,500
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Spring Branch Central was $390,500 in April 2024, up 2.2% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $125K | +4.2% |
2 Bedrooms | $341K | $345K | +1.2% |
3 Bedrooms | $377.5K | $373.5K | -1.1% |
4 Bedrooms | $555K | $673.7K | +21.4% |
5+ Bedrooms | $1.0M | $963K | -7.4% |
Summary: Spring Branch Central housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 1.2%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 7.4%.
Median Sold Price Compared To Nearby Neighborhoods
The Memorial Villages | $1.6M | $1.7M | +6.7% |
Spring Branch East | $588.5K | $610K | +3.7% |
Spring Branch Central | $382.2K | $390.5K | +2.2% |
Langwood | $227.5K | $211.5K | -7.0% |
Fairbanks / Northwest Crossing | $293K | $264.5K | -9.7% |
Housing Supply in Spring Branch Central, TX
How many homes are available in Spring Branch Central, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
84 | 118 | +40.5% |
Summary: The Spring Branch Central real estate market had 118 homes for sale in April 2024, a 40.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 60 | 90 | +50.0% |
4 Bedrooms | 20 | 21 | +5.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Spring Branch Central housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 24 | +9.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Spring Branch Central in April 2024, up by 9.1% month-over-month. Of the 24 sold homes, 58% were sold under asking, 29% were sold at asking, and 13% were sold over asking.
Days on Market for Spring Branch Central, TX
How long does it take to sell a home in Spring Branch Central, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 60 Days | +269.3% |
Summary: Homes in Spring Branch Central had an average of 60 days on market in Apr 2024, up by 269.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Spring Branch Central; 42% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.