Is Brenham, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$318,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Brenham was $318,000 in May 2024, up 6% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.3M | $815K | -37.4% |
2 Bedrooms | $205K | $185.2K | -9.6% |
3 Bedrooms | $291.5K | $298.6K | +2.4% |
4 Bedrooms | $360.5K | $390.3K | +8.3% |
5+ Bedrooms | $376.9K | $549.9K | +45.9% |
Summary: Brenham housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.4%, 2 bedroom homes decreased by 9.6%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 45.9%.
Housing Supply in Brenham, TX
How many homes are available in Brenham, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
170 | 188 | +10.6% |
Summary: The Brenham real estate market had 188 homes for sale in May 2024, a 10.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 25 | 30 | +20.0% |
3 Bedrooms | 83 | 81 | -2.4% |
4 Bedrooms | 47 | 60 | +27.7% |
5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Brenham housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 27.7%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 17 | -41.4% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Brenham in May 2024, down by 41.4% month-over-month. Of the 17 sold homes, 71% were sold under asking, 12% were sold at asking, and 18% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 82 Days | +174.7% |
Summary: Homes in Brenham had an average of 82 days on market in May 2024, up by 174.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Brenham; 59% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.