Is Boerne, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boerne is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Boerne was a Seller's Market.

Key Takeaway

Boerne is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Boerne, TX

How much do homes in Boerne, TX cost?

Median Sold Price

$583,254

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$86,321(+17.4%)

Key Takeaway

Homes in Boerne have sold for 17.4% more than they did a year ago.

Summary: The median home sold price in Boerne was $583,254 in February 2024, up 17.4% from last year, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $308.7K$377.5K
+22.3%
2 $300K$380K
+26.7%
3 $430K$497.5K
+15.7%
4 $649.4K$624K
-3.9%
5+ $750.7K$789.9K
+5.2%

Summary: Boerne housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.3%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 15.7%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 5.2%.

Housing Supply in Boerne, TX

How many homes are available in Boerne, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
421458+8.8%

Summary: The Boerne real estate market had 458 homes for sale in February 2024, a 8.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 43
-25.0%
2 1017
+70.0%
3 132140
+6.1%
4 216242
+12.0%
5+ 5956
-5.1%

Summary: The Boerne housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 70%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 5.1%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
5057+14.0%

Asking Price vs. Sold Price

45 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boerne, you may be able to get a good deal. 78.9% of homes here sold below asking price last month.

Summary: A total of 57 homes were sold or pending in Boerne in February 2024, up by 14.0% month-over-month. Of the 57 sold homes, 79% were sold under asking, 7% were sold at asking, and 14% were sold over asking.

Days on Market for Boerne, TX

How long does it take to sell a home in Boerne, TX?

Average Sale Time

Feb 2023Feb 2024CHANGE
86 Days89 Days+3.7%

Summary: Homes in Boerne had an average of 89 days on market in Feb 2024, up by 3.7% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

24 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Boerne are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 57 homes were sold in Boerne; 30% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Boerne, TX

Nearby Markets to Boerne, TX