What Are the Current Trends in Home Prices in Conroe, TX?

City: Conroe, TX

By Shane Bean: Shane Bean, your local Conroe, TX agent, to Begin your Journey with Confidence. To learn more about me, click here or visit my Facebook page to message me directly!

The Conroe housing market has been experiencing varied trends, with some areas showing stability and others seeing slight declines. Here’s an overview of the latest data:

Median Home Prices

  • Orchard: The median home price over the last 30 days was $310,218, down 4.2% compared to the same period last year.
  • Rocket Homes: In November 2024, the median sold price was $329,938, a 0.2% increase from last year.
  • Redfin: Last month’s median sale price was $300,000, down 5.4% from last year.
  • Zillow: The average home value stands at $330,690, showing a slight decrease of 0.3% over the past year.

Price per Square Foot

  • Orchard: The median price per square foot increased to $156.18, up 1.4% year-over-year.
  • Redfin: Reports a median price per square foot of $154, down 1.3% from last year.
  • Rocket Homes: Remains stable at $161 per square foot compared to last year.

Housing Supply

The number of homes for sale has increased significantly:

  • Orchard: Reports 1,990 homes available, a 19.4% increase from last year. Additionally, 493 new listings appeared in the last 30 days, up 21.1% year-over-year.
  • Months of supply have risen to 7.56 months, up from 3.64 months last year, suggesting a shift toward a buyer’s market.

Days on Market

Homes are taking longer to sell:

  • Orchard: Median days on market increased to 42.75 days, up from 30.8 days last year.
  • Redfin: Homes now sell in around 63 days, compared to 51 days last year.

Sale-to-List Price Ratio

  • The median sale-to-list price ratio is 95.72%, up 1.1% from last year.
  • Only 5.73% of homes sold above the list price, a 4.2% decrease from last year.

Price Trends by Bedroom Count

According to Rocket Homes:

  • 1-bedroom homes: Decreased by 12% to $132,000.
  • 2-bedroom homes: Increased by 13.3% to $254,900.
  • 3-bedroom homes: Decreased by 3.1% to $280,000.
  • 4-bedroom homes: Increased by 0.6% to $368,400.
  • 5+ bedroom homes: Increased by 6.6% to $485,000.

Lake Conroe Market Trends

For the Lake Conroe area, prices are showing more positive growth:

  • The median home price in November 2024 was $349,903, up 4.7% from last year.
  • Price trends by bedroom count:
    • 1-bedroom homes: Decreased by 5.6% to $149,600.
    • 2-bedroom homes: Increased by 19.4% to $254,000.
    • 3-bedroom homes: Increased by 0.5% to $320,300.
    • 4-bedroom homes: Increased by 8.5% to $428,200.
    • 5+ bedroom homes: Increased by 9.5% to $829,700.

Summary

The Conroe housing market is showing mixed signals, with stable to slightly declining prices, an increase in housing supply, and longer days on market. These trends suggest a shift toward a more balanced or buyer-friendly market.If you’re interested in buying or selling your home in Conroe, TX, make sure to contact me, 

Shane Bean with FirstWalk Realty, your local Conroe, TX agent, to Begin your Journey with Confidence. To learn more about me, click here or visit my Facebook page to message me directly!