Is The Woodlands, 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, The Woodlands has remained a Seller's Market.
Key Takeaway
The Woodlands is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in The Woodlands, TX
How much do homes in The Woodlands, TX cost?
Median Sold Price
$525,601
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in The Woodlands has remained the same since last year.
Summary: The median home sold price in The Woodlands was $525,601 in March 2024, up 0.3% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $154K | $165K | +7.1% |
| 2 Bedrooms | $328.5K | $294K | -10.5% |
| 3 Bedrooms | $381.3K | $386K | +1.2% |
| 4 Bedrooms | $564.1K | $585K | +3.7% |
| 5+ Bedrooms | $876K | $917.5K | +4.7% |
Summary: The Woodlands housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Pines | $460K | $472.5K | +2.7% |
| The Woodlands | $524K | $525.6K | 0.3% |
| Panther Creek | $415K | $405K | -2.4% |
Housing Supply in The Woodlands, TX
How many homes are available in The Woodlands, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 481 | 568 | +18.1% |
Summary: The The Woodlands real estate market had 568 homes for sale in March 2024, a 18.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 37 | 38 | +2.7% |
| 3 Bedrooms | 151 | 156 | +3.3% |
| 4 Bedrooms | 195 | 245 | +25.6% |
| 5+ Bedrooms | 95 | 125 | +31.6% |
Summary: The The Woodlands housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 25.6%, and 5+ bedroom homes increased by 31.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 128 | 148 | +15.6% |
Asking Price vs. Sold Price
87 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Woodlands, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 148 homes were sold or pending in The Woodlands in March 2024, up by 15.6% month-over-month. Of the 145 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for The Woodlands, TX
How long does it take to sell a home in The Woodlands, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 28 Days | -0.7% |
Summary: Homes in The Woodlands had an average of 28 days on market in Mar 2024, down by 0.7% compared to last year.
Breakdown of Home Sale Times
107 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in The Woodlands are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 148 homes were sold in The Woodlands; 72% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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