Real Estate Market Update for 77388 (Spring, TX)

Video: Real Estate Community Tour for 77388 (Spring, TX)

See Real estate community tour for 77388 (Spring, TX)
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was down 3% from one year earlier, and down 9% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 240-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 13%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 200-thousand dollars. The number of units sold increased 15% year-over-year, and increased 20% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for 77388 (Spring, TX)
Area Information for 77388 (Spring, TX)
  • Population: 45,369
  • Median Age: 37.37 yr
  • Median Commute Time: 30 mins
  • Educational Climate*: 4
  • Sales Tax: 7%
  • Population Density: 3,263/sq mi
  • Population Change Since 2000: 61.86%
  • Closest Airport: George Bush Intercontinental/houston
  • Closest College: Itt Technical Institute-houston North
  • Closest Jr. College: Commonwealth Institute Of Funeral Srvc
  • Median Household Income: $81,347
  • Annual Residential Turnover: 10%
  • Median Home Sales Price: $182,232
  • Closest Major Sports Team: Houston Astros
  • Change Avg. Household Income Since 2000: 18.51%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 77388 (Spring, TX)
Median Age: 37.37 Married: 51% Number of Households: 15,377 Households with Children: 6,687
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 77388 (Spring, TX)

      School Name Distance Type Grades School Rating Parent Rating
      Haude Elementary School 0.4 mi Public PRESCHOOL-5 5 0
      Kreinhop Elementary School 0.8 mi Public PRESCHOOL-5 4 0
      Klein Collins High School 0.8 mi Public 9-12 4 3
      Schindewolf Intermediate School 0.9 mi Public 6-8 4 3
      Evolution Academy Houston 0.9 mi Public 9-12 0 0
      Progressive Montessori School 1.0 mi Private PRESCHOOL-K 0 0
      New Life Community Christian School 1.2 mi Private PRESCHOOL-K 0 0
      Roth Elementary 1.6 mi Public PRESCHOOL-5 4 0
      Primrose School Of Spring Klein 1.6 mi Private PRESCHOOL-K 0 0
      Lemm Elementary School 2.0 mi Public PRESCHOOL-5 4 0
      Northwoods Catholic School 2.8 mi Catholic PRESCHOOL-8 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2015. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 77388 (Spring, TX)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.