Is New Braunfels, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Braunfels is a buyer's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in New Braunfels, TX

How much do homes in New Braunfels, TX cost?

Median Sold Price

$384,194

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$14,390(-3.6%)

Key Takeaway

Homes in New Braunfels have sold for 3.6% less than they did a year ago.

Summary: The median home sold price in New Braunfels was $384,194 in May 2024, down 3.6% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $325K$325K
0.0%
2 $374K$382.5K
+2.3%
3 $350K$338.7K
-3.2%
4 $455K$421.4K
-7.4%
5+ $458.2K$500K
+9.1%

Summary: New Braunfels housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.3%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 9.1%.

Median Sold Price Compared To Nearby Cities

Schertz-Cibolo
-2.9%
New Braunfels
-3.6%
Canyon Lake
-5.4%

Housing Supply in New Braunfels, TX

How many homes are available in New Braunfels, TX?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1,2421,375+10.7%

Summary: The New Braunfels real estate market had 1,375 homes for sale in May 2024, a 10.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1110
-9.1%
2 5053
+6.0%
3 534619
+15.9%
4 538575
+6.9%
5+ 109118
+8.3%

Summary: The New Braunfels housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
179180+0.6%

Asking Price vs. Sold Price

111 Homes Were Sold
Under Asking

44 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Braunfels, you may be able to get a good deal. 61.7% of homes here sold below asking price last month.

Summary: A total of 180 homes were sold or pending in New Braunfels in May 2024, up by 0.6% month-over-month. Of the 180 sold homes, 62% were sold under asking, 24% were sold at asking, and 14% 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

May 2023May 2024CHANGE
85 Days110 Days+29.4%

Summary: Homes in New Braunfels had an average of 110 days on market in May 2024, up by 29.4% compared to last year.

Breakdown of Home Sale Times

51 Homes Were Sold
Under 30 Days

53 Homes Were Sold
In 30 - 90 Days

76 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 180 homes were sold in New Braunfels; 28% of homes were sold within 30 days, 29% 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 17 Days Ago

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