Is Lake Conroe, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lake Conroe was a Seller's Market.
Key Takeaway
Lake Conroe is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lake Conroe, TX
How much do homes in Lake Conroe, TX cost?
Median Sold Price
$334,628
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lake Conroe have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Lake Conroe was $334,628 in April 2024, down 1.6% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137.5K | $172.5K | +25.5% |
| 2 Bedrooms | $200K | $215K | +7.5% |
| 3 Bedrooms | $324K | $317.1K | -2.1% |
| 4 Bedrooms | $428.7K | $404.5K | -5.7% |
| 5+ Bedrooms | $800K | $775.7K | -3.0% |
Summary: Lake Conroe housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.5%, 2 bedroom homes increased by 7.5%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 3%.
Housing Supply in Lake Conroe, TX
How many homes are available in Lake Conroe, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 733 | 903 | +23.2% |
Summary: The Lake Conroe real estate market had 903 homes for sale in April 2024, a 23.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 29 | +38.1% |
| 2 Bedrooms | 64 | 79 | +23.4% |
| 3 Bedrooms | 377 | 450 | +19.4% |
| 4 Bedrooms | 219 | 273 | +24.7% |
| 5+ Bedrooms | 52 | 72 | +38.5% |
Summary: The Lake Conroe housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 38.1%, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 24.7%, and 5+ bedroom homes increased by 38.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 108 | 127 | +17.6% |
Asking Price vs. Sold Price
80 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Conroe, you may be able to get a good deal. 63% of homes here sold below asking price last month.
Summary: A total of 127 homes were sold or pending in Lake Conroe in April 2024, up by 17.6% month-over-month. Of the 127 sold homes, 63% were sold under asking, 23% were sold at asking, and 14% were sold over asking.
Days on Market for Lake Conroe, TX
How long does it take to sell a home in Lake Conroe, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 40 Days | 50 Days | +24.3% |
Summary: Homes in Lake Conroe had an average of 50 days on market in Apr 2024, up by 24.3% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Conroe are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 127 homes were sold in Lake Conroe; 53% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.