Is Brenham, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Brenham was a Seller's Market.
Housing Prices in Brenham, TX
How much do homes in Brenham, TX cost?
Median Sold Price
$315,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Brenham was $315,000 in March 2024, up 8.6% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $815K | N/A |
2 Bedrooms | $170.5K | $210K | +23.2% |
3 Bedrooms | $292.5K | $294.8K | +0.8% |
4 Bedrooms | $354.6K | $375K | +5.7% |
5+ Bedrooms | $448.3K | $477.5K | +6.5% |
Summary: Brenham housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.2%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 6.5%.
Housing Supply in Brenham, TX
How many homes are available in Brenham, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
122 | 155 | +27.0% |
Summary: The Brenham real estate market had 155 homes for sale in March 2024, a 27.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 11 | 19 | +72.7% |
3 Bedrooms | 75 | 87 | +16.0% |
4 Bedrooms | 29 | 39 | +34.5% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Brenham housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 72.7%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 34.5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 25 | +150.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Brenham in March 2024, up by 150.0% month-over-month. Of the 25 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Brenham, TX
How long does it take to sell a home in Brenham, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
75 Days | 74 Days | -2.3% |
Summary: Homes in Brenham had an average of 74 days on market in Mar 2024, down by 2.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in Brenham; 40% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.