New Braunfels vs. Neighbors: Prices Drop, Days Rise

New Braunfels saw a sharp shift in September with the median closed price dropping 17% to $331,500 compared to August. This decline coincided with homes staying on the market longer, as the median days on market rose 29% to 71 days. The data reflects a cooling trend where sellers are accepting lower prices relative to their original list, with the close-to-original list ratio falling to 88.1%. When compared to its neighbors, New Braunfels shows distinct differences. While the broader Comal County median price held at $497,000, New Braunfels closed significantly lower. The region-wide median price was $405,000, meaning local sales in this specific city trail the regional average by a notable margin. Price per square foot also dropped 12% from the prior month to $164, sitting below the regional average of $204. The market remains balanced with nearly five months of inventory available. With only 13 closed sales recorded this month, the sample size is small, but the trend toward lower prices and longer marketing times is clear. Buyers may find more negotiating power as the share of homes selling below original list price rose to 92.3%. Current mortgage rates stand at 7.32% based on the latest Freddie Mac survey. This rate environment continues to influence buyer behavior, contributing to the extended time on market and the increased frequency of price reductions observed in the data. Want a closer look? Reply or call George at 713.918.9951 and we'll set up a showing. Coverage: most home sales in New Braunfels are listed in another MLS, which ALEX does not receive yet. The figures in this post count only sales listed in Unlock MLS (ABOR), so they describe part of the local market, not all of it. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. Read more Central Texas market data on the ALEX blog: https://alex-companies.com/blog