Is Bandera County, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bandera County is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Bandera County was a Neutral Market.

Key Takeaway

Bandera County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Bandera County, TX

How much do homes in Bandera County, TX cost?

Median Sold Price

$407,000

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,000(+3.0%)

Key Takeaway

Homes in Bandera County have sold for 3% more than they did a year ago.

Summary: The median home sold price in Bandera County was $407,000 in October 2024, up 3% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $161.5K$135K
-16.4%
2 $240.7K$235K
-2.4%
3 $422.5K$406K
-3.9%
4 $460K$530K
+15.2%
5+ $699.9K$645K
-7.9%

Summary: Bandera County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.4%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes decreased by 7.9%.

Median Sold Price Compared To Nearby Counties

Bandera County
+3.0%
Bexar County
-0.9%
Kerr County
-2.6%
Kendall County
-3.1%
Medina County
-4.5%

Housing Supply in Bandera County, TX

How many homes are available in Bandera County, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
187205+9.6%

Summary: The Bandera County real estate market had 205 homes for sale in October 2024, a 9.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1418
+28.6%
2 3238
+18.8%
3 9898
0.0%
4 3238
+18.8%
5+ 1113
+18.2%

Summary: The Bandera County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 18.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 18.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
913+44.4%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bandera County, you may be able to get a good deal. 84.6% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Bandera County in October 2024, up by 44.4% month-over-month. Of the 13 sold homes, 85% were sold under asking, 8% were sold at asking, and 8% were sold over asking.

Days on Market for Bandera County, TX

How long does it take to sell a home in Bandera County, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
95 Days113 Days+19.1%

Summary: Homes in Bandera County had an average of 113 days on market in Oct 2024, up by 19.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Bandera County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 13 homes were sold in Bandera County; 31% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 46% 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 20 Days Ago

Newest Listings in Bandera County, TX

Nearby Markets to Bandera County, TX

What housing markets are near Bandera County, TX?