Is Spring Branch West, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Spring Branch West was a Seller's Market.
Housing Prices in Spring Branch West, TX
How much do homes in Spring Branch West, TX cost?
Median Sold Price
$429,600
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Spring Branch West was $429,600 in June 2024, up 6.1% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $370K | +335.3% |
2 Bedrooms | $161K | $164.5K | +2.2% |
3 Bedrooms | $389.9K | $410K | +5.2% |
4 Bedrooms | $490.3K | $539K | +9.9% |
5+ Bedrooms | $510K | $675K | +32.4% |
Summary: Spring Branch West housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 335.3%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 32.4%.
Median Sold Price Compared To Nearby Neighborhoods
Westbranch | $250K | $286.5K | +14.6% |
Spring Branch Central | $380K | $409.5K | +7.8% |
Spring Branch West | $405K | $429.6K | +6.1% |
Spring Branch North | $400K | $422K | +5.5% |
Northwest Houston | $388.4K | $405K | +4.3% |
Housing Supply in Spring Branch West, TX
How many homes are available in Spring Branch West, TX?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
111 | 137 | +23.4% |
Summary: The Spring Branch West real estate market had 137 homes for sale in June 2024, a 23.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 21 | 28 | +33.3% |
3 Bedrooms | 52 | 60 | +15.4% |
4 Bedrooms | 31 | 38 | +22.6% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Spring Branch West housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
22 | 20 | -9.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Spring Branch West in June 2024, down by 9.1% month-over-month. Of the 20 sold homes, 80% were sold under asking, 5% were sold at asking, and 15% were sold over asking.
Days on Market for Spring Branch West, TX
How long does it take to sell a home in Spring Branch West, TX?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
32 Days | 26 Days | -18.2% |
Summary: Homes in Spring Branch West had an average of 26 days on market in Jun 2024, down by 18.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 20 homes were sold in Spring Branch West; 85% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.