Is Spring Branch East, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Spring Branch East was a Seller's Market.
Housing Prices in Spring Branch East, TX
How much do homes in Spring Branch East, TX cost?
Median Sold Price
$610,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Spring Branch East was $610,000 in April 2024, up 3.7% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $97.7K | $93.5K | -4.3% |
2 Bedrooms | $181.5K | $300K | +65.3% |
3 Bedrooms | $519.9K | $460K | -11.5% |
4 Bedrooms | $915K | $900K | -1.6% |
5+ Bedrooms | $1.3M | $1.4M | +12.7% |
Summary: Spring Branch East housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 65.3%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 12.7%.
Median Sold Price Compared To Nearby Neighborhoods
The Memorial Villages | $1.6M | $1.7M | +6.7% |
Central Northwest | $480K | $502.8K | +4.8% |
Spring Branch East | $588.5K | $610K | +3.7% |
Lazybrook / Timbergrove | $556.3K | $519.7K | -6.6% |
Langwood | $227.5K | $211.5K | -7.0% |
Housing Supply in Spring Branch East, TX
How many homes are available in Spring Branch East, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
130 | 149 | +14.6% |
Summary: The Spring Branch East real estate market had 149 homes for sale in April 2024, a 14.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 64 | 79 | +23.4% |
4 Bedrooms | 34 | 38 | +11.8% |
5+ Bedrooms | 20 | 16 | -20.0% |
Summary: The Spring Branch East housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 23.4%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 24 | -22.6% |
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 East in April 2024, down by 22.6% 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 East, TX
How long does it take to sell a home in Spring Branch East, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 34 Days | -16.4% |
Summary: Homes in Spring Branch East had an average of 34 days on market in Apr 2024, down by 16.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Spring Branch East; 58% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.