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 April 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

$386,915

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$1,836(-0.5%)

Key Takeaway

The sold price of homes in New Braunfels has remained the same since last year.

Summary: The median home sold price in New Braunfels was $386,915 in April 2024, down 0.5% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $297K$325K
+9.4%
2 $381.2K$382.5K
0.3%
3 $344.4K$338.6K
-1.7%
4 $433.7K$430.1K
-0.8%
5+ $430K$500K
+16.3%

Summary: New Braunfels housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes increased by 0.3%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 16.3%.

Median Sold Price Compared To Nearby Cities

New Braunfels
-0.5%
Schertz-Cibolo
-2.8%
Canyon Lake
-11.7%

Housing Supply in New Braunfels, TX

How many homes are available in New Braunfels, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1,1211,269+13.2%

Summary: The New Braunfels real estate market had 1,269 homes for sale in April 2024, a 13.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 910
+11.1%
2 5156
+9.8%
3 475546
+14.9%
4 502546
+8.8%
5+ 84111
+32.1%

Summary: The New Braunfels housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 32.1%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
170164-3.5%

Asking Price vs. Sold Price

89 Homes Were Sold
Under Asking

50 Homes Were Sold
At Asking

24 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. 54.6% of homes here sold below asking price last month.

Summary: A total of 164 homes were sold or pending in New Braunfels in April 2024, down by 3.5% month-over-month. Of the 163 sold homes, 55% were sold under asking, 31% were sold at asking, and 15% 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

Apr 2023Apr 2024CHANGE
80 Days92 Days+15.3%

Summary: Homes in New Braunfels had an average of 92 days on market in Apr 2024, up by 15.3% compared to last year.

Breakdown of Home Sale Times

49 Homes Were Sold
Under 30 Days

48 Homes Were Sold
In 30 - 90 Days

67 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 April 2024, 164 homes were sold in New Braunfels; 30% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 41% 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 4 Days Ago

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