Is New Braunfels, 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, 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
$385,464
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in New Braunfels was $385,464 in March 2024, up 0.1% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $297K | $340K | +14.5% |
2 Bedrooms | $381.2K | $365K | -4.3% |
3 Bedrooms | $350K | $333.3K | -4.8% |
4 Bedrooms | $415.6K | $430.4K | +3.6% |
5+ Bedrooms | $420.2K | $510K | +21.4% |
Summary: New Braunfels housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.5%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 21.4%.
Median Sold Price Compared To Nearby Cities
New Braunfels | $385K | $385.4K | 0.1% |
Schertz-Cibolo | $354.7K | $340K | -4.2% |
Canyon Lake | $514.9K | $458.4K | -11.0% |
Housing Supply in New Braunfels, TX
How many homes are available in New Braunfels, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,069 | 1,151 | +7.7% |
Summary: The New Braunfels real estate market had 1,151 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 9 | +80.0% |
2 Bedrooms | 47 | 53 | +12.8% |
3 Bedrooms | 456 | 491 | +7.7% |
4 Bedrooms | 474 | 503 | +6.1% |
5+ Bedrooms | 87 | 95 | +9.2% |
Summary: The New Braunfels housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 80%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 9.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
143 | 152 | +6.3% |
Asking Price vs. Sold Price
102 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 152 homes were sold or pending in New Braunfels in March 2024, up by 6.3% month-over-month. Of the 152 sold homes, 67% were sold under asking, 24% were sold at asking, and 9% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
95 Days | 106 Days | +12.1% |
Summary: Homes in New Braunfels had an average of 106 days on market in Mar 2024, up by 12.1% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
48 Homes Were Sold
In 30 - 90 Days
78 Homes Were Sold
Over 90 Days
Summary: During March 2024, 152 homes were sold in New Braunfels; 17% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 51% of homes were sold over 90 days.