Is Spring Branch, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$548,785
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Spring Branch was $548,785 in May 2024, down 5.2% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $290K | +52.6% |
2 Bedrooms | $282.5K | $275K | -2.7% |
3 Bedrooms | $393.2K | $401.2K | +2.0% |
4 Bedrooms | $750K | $710K | -5.3% |
5+ Bedrooms | $901.7K | $996.9K | +10.6% |
Summary: Spring Branch housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.6%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Cities
Bulverde | $435.4K | $430.3K | -1.2% |
Fischer | $495K | $477.9K | -3.5% |
Spring Branch | $578.7K | $548.7K | -5.2% |
Canyon Lake | $481.4K | $455.6K | -5.4% |
Housing Supply in Spring Branch, TX
How many homes are available in Spring Branch, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
243 | 265 | +9.1% |
Summary: The Spring Branch real estate market had 265 homes for sale in May 2024, a 9.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 4 | -33.3% |
3 Bedrooms | 130 | 146 | +12.3% |
4 Bedrooms | 87 | 91 | +4.6% |
5+ Bedrooms | 19 | 23 | +21.1% |
Summary: The Spring Branch 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 decreased by 33.3%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 21.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 25 | -28.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Spring Branch in May 2024, down by 28.6% month-over-month. Of the 24 sold homes, 46% were sold under asking, 50% were sold at asking, and 4% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
73 Days | 64 Days | -12.6% |
Summary: Homes in Spring Branch had an average of 64 days on market in May 2024, down by 12.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 25 homes were sold in Spring Branch; 36% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.