Is New Braunfels, 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, 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
$384,194
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $325K | $325K | 0.0% |
2 Bedrooms | $374K | $382.5K | +2.3% |
3 Bedrooms | $350K | $338.7K | -3.2% |
4 Bedrooms | $455K | $421.4K | -7.4% |
5+ Bedrooms | $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 | $350K | $340K | -2.9% |
New Braunfels | $398.5K | $384.1K | -3.6% |
Canyon Lake | $481.4K | $455.6K | -5.4% |
Housing Supply in New Braunfels, TX
How many homes are available in New Braunfels, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,242 | 1,375 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 10 | -9.1% |
2 Bedrooms | 50 | 53 | +6.0% |
3 Bedrooms | 534 | 619 | +15.9% |
4 Bedrooms | 538 | 575 | +6.9% |
5+ Bedrooms | 109 | 118 | +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 2024 | May 2024 | CHANGE |
---|---|---|
179 | 180 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
85 Days | 110 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
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.