Is New Braunfels, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Braunfels is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in New Braunfels, TX

How much do homes in New Braunfels, TX cost?

Median Sold Price

$369,736

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$26,308(-6.6%)

Key Takeaway

Homes in New Braunfels have sold for 6.6% less than they did a year ago.

Summary: The median home sold price in New Braunfels was $369,736 in October 2024, down 6.6% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $271.5K$377.5K
+39.0%
2 $395K$315K
-20.3%
3 $339.9K$325K
-4.4%
4 $456.9K$408.5K
-10.6%
5+ $485K$445K
-8.2%

Summary: New Braunfels housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39%, 2 bedroom homes decreased by 20.3%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes decreased by 8.2%.

Median Sold Price Compared To Nearby Cities

Canyon Lake
+1.7%
Schertz-Cibolo
-5.7%
New Braunfels
-6.6%

Housing Supply in New Braunfels, TX

How many homes are available in New Braunfels, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1,2641,343+6.3%

Summary: The New Braunfels real estate market had 1,343 homes for sale in October 2024, a 6.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 69
+50.0%
2 4659
+28.3%
3 566601
+6.2%
4 551565
+2.5%
5+ 95109
+14.7%

Summary: The New Braunfels housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 28.3%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 14.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
152154+1.3%

Asking Price vs. Sold Price

87 Homes Were Sold
Under Asking

52 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Braunfels, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.

Summary: A total of 154 homes were sold or pending in New Braunfels in October 2024, up by 1.3% month-over-month. Of the 154 sold homes, 56% were sold under asking, 34% were sold at asking, and 10% were sold over asking.

Days on Market for New Braunfels, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
83 Days79 Days-4.9%

Summary: Homes in New Braunfels had an average of 79 days on market in Oct 2024, down by 4.9% compared to last year.

Breakdown of Home Sale Times

47 Homes Were Sold
Under 30 Days

52 Homes Were Sold
In 30 - 90 Days

55 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 154 homes were sold in New Braunfels; 31% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 36% 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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