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 March 2023
Since last year, Spring Branch West has remained a Seller's Market.
Housing Prices in Spring Branch West, TX
How much do homes in Spring Branch West, TX cost?
Median Sold Price
$425,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Spring Branch West was $425,000 in March 2024, up 7.6% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $370K | +335.3% |
2 Bedrooms | $166.5K | $160K | -3.9% |
3 Bedrooms | $388K | $412.5K | +6.3% |
4 Bedrooms | $463K | $509K | +9.9% |
5+ Bedrooms | $479K | $675K | +40.9% |
Summary: Spring Branch West housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 335.3%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 40.9%.
Median Sold Price Compared To Nearby Neighborhoods
Spring Branch North | $391.7K | $424.9K | +8.5% |
Spring Branch West | $395K | $425K | +7.6% |
Northwest Houston | $389.2K | $410K | +5.3% |
Spring Branch Central | $378.1K | $389.6K | +3.1% |
Housing Supply in Spring Branch West, TX
How many homes are available in Spring Branch West, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
106 | 115 | +8.5% |
Summary: The Spring Branch West real estate market had 115 homes for sale in March 2024, a 8.5% 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 | 17 | 18 | +5.9% |
3 Bedrooms | 56 | 58 | +3.6% |
4 Bedrooms | 30 | 31 | +3.3% |
5+ Bedrooms | 3 | 8 | +166.7% |
Summary: The Spring Branch West 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 5.9%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 166.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 25 | -21.9% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Spring Branch West in March 2024, down by 21.9% month-over-month. Of the 25 sold homes, 56% were sold under asking, 24% were sold at asking, and 20% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 24 Days | -27.0% |
Summary: Homes in Spring Branch West had an average of 24 days on market in Mar 2024, down by 27% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in Spring Branch West; 76% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.