Is Spring Branch North, 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, Spring Branch North was a Seller's Market.
Key Takeaway
Spring Branch North is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Spring Branch North, TX
How much do homes in Spring Branch North, TX cost?
Median Sold Price
$424,995
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Spring Branch North have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Spring Branch North was $424,995 in March 2024, up 8.5% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $322.2K | $237K | -26.5% |
| 3 Bedrooms | $354.9K | $359.2K | +1.2% |
| 4 Bedrooms | $445.5K | $465K | +4.4% |
| 5+ Bedrooms | $480K | $492.5K | +2.6% |
Summary: Spring Branch North 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 26.5%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Carverdale | $250K | $333.5K | +33.4% |
| Spring Branch North | $391.7K | $424.9K | +8.5% |
| Spring Branch West | $395K | $425K | +7.6% |
| Spring Branch Central | $378.1K | $389.6K | +3.1% |
Housing Supply in Spring Branch North, TX
How many homes are available in Spring Branch North, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 59 | 62 | +5.1% |
Summary: The Spring Branch North real estate market had 62 homes for sale in March 2024, a 5.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 30 | 33 | +10.0% |
| 4 Bedrooms | 24 | 21 | -12.5% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Spring Branch North 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 100%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 10 | -33.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Branch North, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Spring Branch North in March 2024, down by 33.3% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.
Days on Market for Spring Branch North, TX
How long does it take to sell a home in Spring Branch North, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 20 Days | -56.4% |
Summary: Homes in Spring Branch North had an average of 20 days on market in Mar 2024, down by 56.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spring Branch North are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Spring Branch North; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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