Is Conroe, 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, Conroe has remained a Seller's Market.
Key Takeaway
Conroe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Conroe, TX
How much do homes in Conroe, TX cost?
Median Sold Price
$335,383
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Conroe have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Conroe was $335,383 in April 2024, up 4.8% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $127.5K | -20.3% |
| 2 Bedrooms | $227.5K | $245.9K | +8.1% |
| 3 Bedrooms | $286K | $295.5K | +3.3% |
| 4 Bedrooms | $365K | $375.2K | +2.8% |
| 5+ Bedrooms | $475K | $500K | +5.3% |
Summary: Conroe housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.3%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
| Panorama Village | $269.5K | $294.5K | +9.3% |
| Conroe | $320.1K | $335.3K | +4.8% |
| Southeast Montgomery | $371.4K | $356.6K | -4.0% |
Housing Supply in Conroe, TX
How many homes are available in Conroe, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,181 | 1,385 | +17.3% |
Summary: The Conroe real estate market had 1,385 homes for sale in April 2024, a 17.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 33 | 47 | +42.4% |
| 3 Bedrooms | 480 | 581 | +21.0% |
| 4 Bedrooms | 559 | 647 | +15.7% |
| 5+ Bedrooms | 101 | 102 | +1.0% |
Summary: The Conroe 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 increased by 42.4%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 227 | 236 | +4.0% |
Asking Price vs. Sold Price
149 Homes Were Sold
Under Asking
60 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Conroe, you may be able to get a good deal. 63.1% of homes here sold below asking price last month.
Summary: A total of 236 homes were sold or pending in Conroe in April 2024, up by 4.0% month-over-month. Of the 236 sold homes, 63% were sold under asking, 25% were sold at asking, and 11% were sold over asking.
Days on Market for Conroe, TX
How long does it take to sell a home in Conroe, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 67 Days | 48 Days | -27.4% |
Summary: Homes in Conroe had an average of 48 days on market in Apr 2024, down by 27.4% compared to last year.
Breakdown of Home Sale Times
125 Homes Were Sold
Under 30 Days
64 Homes Were Sold
In 30 - 90 Days
47 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Conroe are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 236 homes were sold in Conroe; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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