Is Braeswood, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Braeswood is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Braeswood was a Seller's Market.

Key Takeaway

Braeswood is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Braeswood, TX

How much do homes in Braeswood, TX cost?

Median Sold Price

$606,000

$265/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$58,000(+10.6%)

Key Takeaway

Homes in Braeswood have sold for 10.6% more than they did a year ago.

Summary: The median home sold price in Braeswood was $606,000 in October 2024, up 10.6% from last year, and the median price per square foot was $265.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $94.5K$95K
0.5%
2 $235.5K$306.5K
+30.1%
3 $457.7K$557.6K
+21.8%
4 $1.0M$1.0M
+3.6%
5+ $1.4M$1.5M
+10.6%

Summary: Braeswood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes increased by 30.1%, 3 bedroom homes increased by 21.8%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 10.6%.

Median Sold Price Compared To Nearby Neighborhoods

South Main
+13.9%
Braeswood
+10.6%
Braeswood Place
+10.6%
University Place
+4.8%
Old Braeswood
-16.5%

Housing Supply in Braeswood, TX

How many homes are available in Braeswood, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
87107+23.0%

Summary: The Braeswood real estate market had 107 homes for sale in October 2024, a 23.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 77
0.0%
2 1617
+6.3%
3 2839
+39.3%
4 1928
+47.4%
5+ 1716
-5.9%

Summary: The Braeswood 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 6.3%, 3 bedroom homes increased by 39.3%, 4 bedroom homes increased by 47.4%, and 5+ bedroom homes decreased by 5.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1317+30.8%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Braeswood, you may be able to get a good deal. 76.5% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Braeswood in October 2024, up by 30.8% month-over-month. Of the 17 sold homes, 76% were sold under asking, 6% were sold at asking, and 18% were sold over asking.

Days on Market for Braeswood, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
41 Days40 Days-3.9%

Summary: Homes in Braeswood had an average of 40 days on market in Oct 2024, down by 3.9% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Braeswood are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 17 homes were sold in Braeswood; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 12% 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 13 Days Ago

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