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 May 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

$581,495

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$4,060(-0.7%)

Key Takeaway

Homes in Boerne have sold for 0.7% less than they did a year ago.

Summary: The median home sold price in Boerne was $581,495 in May 2024, down 0.7% from last year, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $308.7K$381.9K
+23.7%
2 $346.7K$363K
+4.7%
3 $490K$499.2K
+1.9%
4 $640.6K$624.9K
-2.5%
5+ $800K$775K
-3.1%

Summary: Boerne housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.7%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 3.1%.

Housing Supply in Boerne, TX

How many homes are available in Boerne, TX?

Number of Homes For Sale

Apr 2024May 2024CHANGE
558629+12.7%

Summary: The Boerne real estate market had 629 homes for sale in May 2024, a 12.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 64
-33.3%
2 2829
+3.6%
3 161179
+11.2%
4 279332
+19.0%
5+ 8485
+1.2%

Summary: The Boerne housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 1.2%.

Number of Homes Sold

Apr 2024May 2024CHANGE
8485+1.2%

Asking Price vs. Sold Price

57 Homes Were Sold
Under Asking

20 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. 67.1% of homes here sold below asking price last month.

Summary: A total of 85 homes were sold or pending in Boerne in May 2024, up by 1.2% month-over-month. Of the 85 sold homes, 67% were sold under asking, 24% were sold at asking, and 9% 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

May 2023May 2024CHANGE
70 Days89 Days+25.9%

Summary: Homes in Boerne had an average of 89 days on market in May 2024, up by 25.9% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

28 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Boerne are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 85 homes were sold in Boerne; 34% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 1 Day Ago

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