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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brenham is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Brenham, TX

How much do homes in Brenham, TX cost?

Median Sold Price

$299,441

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$14,558(-4.6%)

Key Takeaway

Homes in Brenham have sold for 4.6% less than they did a year ago.

Summary: The median home sold price in Brenham was $299,441 in November 2024, down 4.6% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $857.5K$182.5K
-78.7%
2 $221.5K$157.5K
-28.9%
3 $295K$294.9K
0%
4 $352.3K$352.9K
0.2%
5+ $448.3K$675K
+50.6%

Summary: Brenham housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 78.7%, 2 bedroom homes decreased by 28.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 50.6%.

Housing Supply in Brenham, TX

How many homes are available in Brenham, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
183181-1.1%

Summary: The Brenham real estate market had 181 homes for sale in November 2024, a 1.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 2124
+14.3%
3 10295
-6.9%
4 4847
-2.1%
5+ 1113
+18.2%

Summary: The Brenham housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 18.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3118-41.9%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brenham, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Brenham in November 2024, down by 41.9% month-over-month. Of the 18 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.

Days on Market for Brenham, TX

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

Average Sale Time

Nov 2023Nov 2024CHANGE
66 Days71 Days+6.8%

Summary: Homes in Brenham had an average of 71 days on market in Nov 2024, up by 6.8% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 18 homes were sold in Brenham; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 22% 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 21 Days Ago

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