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 October 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

$575,000

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$15,560(-2.6%)

Key Takeaway

Homes in Boerne have sold for 2.6% less than they did a year ago.

Summary: The median home sold price in Boerne was $575,000 in October 2024, down 2.6% from last year, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $332.5K$385.9K
+16.1%
2 $369.9K$363K
-1.9%
3 $499.2K$490K
-1.9%
4 $635K$621.5K
-2.1%
5+ $820K$765K
-6.7%

Summary: Boerne housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.1%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 6.7%.

Housing Supply in Boerne, TX

How many homes are available in Boerne, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5675670.0%

Summary: The Boerne real estate market had 567 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 2728
+3.7%
3 187186
-0.5%
4 279282
+1.1%
5+ 7269
-4.2%

Summary: The Boerne housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.7%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 4.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
7752-32.5%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 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. 80.8% of homes here sold below asking price last month.

Summary: A total of 52 homes were sold or pending in Boerne in October 2024, down by 32.5% month-over-month. Of the 52 sold homes, 81% were sold under asking, 10% were sold at asking, and 10% 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

Oct 2023Oct 2024CHANGE
72 Days70 Days-3.6%

Summary: Homes in Boerne had an average of 70 days on market in Oct 2024, down by 3.6% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Boerne has remained consistent over time.

Summary: During October 2024, 52 homes were sold in Boerne; 23% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 31% 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 16 Days Ago

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