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 November 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

$580,000

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$5,428(-0.9%)

Key Takeaway

Homes in Boerne have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in Boerne was $580,000 in November 2024, down 0.9% from last year, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $365K$381.9K
+4.6%
2 $359.9K$370K
+2.8%
3 $499.9K$484K
-3.2%
4 $630.9K$630K
-0.2%
5+ $800K$794K
-0.8%

Summary: Boerne housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 2.8%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 0.8%.

Housing Supply in Boerne, TX

How many homes are available in Boerne, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
541529-2.2%

Summary: The Boerne real estate market had 529 homes for sale in November 2024, a 2.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 23
+50.0%
2 2625
-3.8%
3 175173
-1.1%
4 268253
-5.6%
5+ 7075
+7.1%

Summary: The Boerne housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 7.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6460-6.3%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

9 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. 70% of homes here sold below asking price last month.

Summary: A total of 60 homes were sold or pending in Boerne in November 2024, down by 6.3% month-over-month. Of the 60 sold homes, 70% were sold under asking, 15% were sold at asking, and 15% 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

Nov 2023Nov 2024CHANGE
88 Days97 Days+9.9%

Summary: Homes in Boerne had an average of 97 days on market in Nov 2024, up by 9.9% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

26 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 60 homes were sold in Boerne; 30% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 43% 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 17 Days Ago

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