Is New Braunfels, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, New Braunfels was a Seller's Market.
Housing Prices in New Braunfels, TX
How much do homes in New Braunfels, TX cost?
Median Sold Price
$389,844
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in New Braunfels was $389,844 in February 2024, up 1.4% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $297K | $334.2K | +12.6% |
2 Bedrooms | $395K | $365K | -7.6% |
3 Bedrooms | $350K | $334.5K | -4.4% |
4 Bedrooms | $410.6K | $439.8K | +7.1% |
5+ Bedrooms | $420K | $526.7K | +25.4% |
Summary: New Braunfels housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 25.4%.
Median Sold Price Compared To Nearby Cities
New Braunfels | $384.2K | $389.8K | +1.4% |
Schertz-Cibolo | $355K | $340K | -4.2% |
Canyon Lake | $528.2K | $458.2K | -13.2% |
Housing Supply in New Braunfels, TX
How many homes are available in New Braunfels, TX?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1,010 | 1,072 | +6.1% |
Summary: The New Braunfels real estate market had 1,072 homes for sale in February 2024, a 6.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 41 | 50 | +22.0% |
3 Bedrooms | 427 | 452 | +5.9% |
4 Bedrooms | 456 | 478 | +4.8% |
5+ Bedrooms | 82 | 87 | +6.1% |
Summary: The New Braunfels housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 6.1%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
117 | 119 | +1.7% |
Asking Price vs. Sold Price
90 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 119 homes were sold or pending in New Braunfels in February 2024, up by 1.7% month-over-month. Of the 119 sold homes, 76% were sold under asking, 23% were sold at asking, and 2% were sold over asking.
Days on Market for New Braunfels, TX
How long does it take to sell a home in New Braunfels, TX?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
81 Days | 111 Days | +35.7% |
Summary: Homes in New Braunfels had an average of 111 days on market in Feb 2024, up by 35.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
65 Homes Were Sold
Over 90 Days
Summary: During February 2024, 119 homes were sold in New Braunfels; 16% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 55% of homes were sold over 90 days.