Is Spring Valley Village, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Spring Valley Village has remained a Seller's Market.
Housing Prices in Spring Valley Village, TX
How much do homes in Spring Valley Village, TX cost?
Median Sold Price
$1,222,500
$391/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Spring Valley Village was $1,222,500 in April 2024, up 6.9% from last year, and the median price per square foot was $391.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $818.7K | $925K | +13.0% |
4 Bedrooms | $1.2M | $1.5M | +27.5% |
5+ Bedrooms | $1.5M | $2.0M | +30.9% |
Summary: Spring Valley Village housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 27.5%, and 5+ bedroom homes increased by 30.9%.
Median Sold Price Compared To Nearby Cities
Spring Valley Village | $1.1M | $1.2M | +6.9% |
Houston | $325.4K | $315.1K | -3.2% |
Housing Supply in Spring Valley Village, TX
How many homes are available in Spring Valley Village, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 32 | +33.3% |
Summary: The Spring Valley Village real estate market had 32 homes for sale in April 2024, a 33.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 9 | 12 | +33.3% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Spring Valley Village 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Spring Valley Village in April 2024, up by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Spring Valley Village, TX
How long does it take to sell a home in Spring Valley Village, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 37 Days | +4.5% |
Summary: Homes in Spring Valley Village had an average of 37 days on market in Apr 2024, up by 4.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Spring Valley Village; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.