Is Spring Branch West, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Spring Branch West is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Spring Branch West was a Seller's Market.

Key Takeaway

Spring Branch West 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 West, TX

How much do homes in Spring Branch West, TX cost?

Median Sold Price

$429,000

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$29,016(+7.3%)

Key Takeaway

Homes in Spring Branch West have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Spring Branch West was $429,000 in May 2024, up 7.3% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $85K$370K
+335.3%
2 $162K$164.5K
+1.5%
3 $389.9K$410K
+5.2%
4 $483.7K$516.5K
+6.8%
5+ $489.5K$675K
+37.9%

Summary: Spring Branch West housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 335.3%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 37.9%.

Median Sold Price Compared To Nearby Neighborhoods

Spring Branch North
+7.9%
Spring Branch West
+7.3%
Spring Branch Central
+5.2%
Northwest Houston
+5.0%

Housing Supply in Spring Branch West, TX

How many homes are available in Spring Branch West, TX?

Number of Homes For Sale

Apr 2024May 2024CHANGE
120132+10.0%

Summary: The Spring Branch West real estate market had 132 homes for sale in May 2024, a 10.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 2024
+20.0%
3 5761
+7.0%
4 3238
+18.8%
5+ 108
-20.0%

Summary: The Spring Branch West housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3021-30.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Spring Branch West, you may be able to get a good deal. 61.9% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Spring Branch West in May 2024, down by 30.0% month-over-month. Of the 21 sold homes, 62% were sold under asking, 24% were sold at asking, and 14% 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

May 2023May 2024CHANGE
40 Days13 Days-67.7%

Summary: Homes in Spring Branch West had an average of 13 days on market in May 2024, down by 67.7% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Spring Branch West are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 21 homes were sold in Spring Branch West; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Spring Branch West, TX

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