Is Spring Branch, 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, Spring Branch was a Seller's Market.
Housing Prices in Spring Branch, TX
How much do homes in Spring Branch, TX cost?
Median Sold Price
$560,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Spring Branch was $560,000 in April 2024, down 4.3% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $290K | +52.6% |
2 Bedrooms | $275K | $285K | +3.6% |
3 Bedrooms | $403.3K | $403.9K | 0.2% |
4 Bedrooms | $729K | $735K | +0.8% |
5+ Bedrooms | $940K | $950K | +1.1% |
Summary: Spring Branch housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.6%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
Bulverde | $446.9K | $434.9K | -2.7% |
Spring Branch | $585K | $560K | -4.3% |
Canyon Lake | $513.7K | $453.8K | -11.7% |
Housing Supply in Spring Branch, TX
How many homes are available in Spring Branch, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
239 | 256 | +7.1% |
Summary: The Spring Branch real estate market had 256 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 5 | -44.4% |
3 Bedrooms | 122 | 140 | +14.8% |
4 Bedrooms | 86 | 89 | +3.5% |
5+ Bedrooms | 21 | 21 | 0.0% |
Summary: The Spring Branch housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 44.4%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 28 | -24.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Spring Branch in April 2024, down by 24.3% month-over-month. Of the 26 sold homes, 65% were sold under asking, 27% were sold at asking, and 8% were sold over asking.
Days on Market for Spring Branch, TX
How long does it take to sell a home in Spring Branch, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
87 Days | 129 Days | +47.2% |
Summary: Homes in Spring Branch had an average of 129 days on market in Apr 2024, up by 47.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in Spring Branch; 18% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 46% of homes were sold over 90 days.