Real estate market data for Conroe, Texas provided by Ruth Smith of Keller Williams Realty Conroe.
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Conroe Home Prices
We have seen a month of selling price increases in home prices in Conroe and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a house in Conroe. Working with a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price, often they sell for more. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Conroe home on which you are making an offer.
If you are interested in how much current inventory is on the market in Conroe you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently, in this area of Conroe, homes have a median time of 80 days on the market before they sell. This would suggest that buyers are in a great position to make an aggressive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Conroe has multiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.
The median list price in August for single family homes in Conroe (77304) is $306,710. The list prices decreased from the previous month.
The number of active listings in Conroe (77304) decreased by 0.5% from the previous month.
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Thank you for reading about home prices in Conroe TX for August 2017.