Is Bandera, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Bandera has remained a Buyer's Market.
Housing Prices in Bandera, TX
How much do homes in Bandera, TX cost?
Median Sold Price
$409,000
$217/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Bandera was $409,000 in March 2024, down 5.4% from last month, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $302.5K | $184.9K | -38.9% |
3 Bedrooms | $419.5K | $430.5K | +2.6% |
4 Bedrooms | $445K | $361.7K | -18.7% |
5+ Bedrooms | $780K | - | N/A |
Summary: Bandera housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 38.9%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 18.7%, and 5+ bedroom homes did not change.
Housing Supply in Bandera, TX
How many homes are available in Bandera, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
80 | 82 | +2.5% |
Summary: The Bandera real estate market had 82 homes for sale in March 2024, a 2.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 10 | +11.1% |
2 Bedrooms | 12 | 14 | +16.7% |
3 Bedrooms | 39 | 38 | -2.6% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Bandera housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Bandera in March 2024, down by 12.5% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for Bandera, TX
How long does it take to sell a home in Bandera, TX?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
177 Days | 41 Days | -76.6% |
Summary: Homes in Bandera had an average of 41 days on market in Mar 2024, down by 76.6% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Bandera; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.