New Braunfels October Market Recap and Outlook

New Braunfels saw a significant shift in October as the median sale price jumped 38% to $457,500 compared to September, while sales volume nearly doubled. This monthly recap analyzes 24 closed transactions to summarize market conditions for buyers and sellers. The median days on market increased by 44.7% year-over-year to 68 days, indicating a slower pace of movement compared to last October despite the price surge. The share of homes selling below original list price dropped to 75%, down from 92% in September, suggesting sellers are regaining some negotiating leverage. ALEX Intelligence analyzed the 137 active listings currently on the market against the monthly closing rate to estimate a 5.14-month supply of inventory. This figure places the market in a balanced state, though slightly favoring buyers as it exceeds the typical 6-month threshold for a seller's market. New construction activity remained modest with 5 closed sales, while the median living area grew to 2,248 square feet. With mortgage rates at 7.24% according to Freddie Mac data from late October, affordability remains a key factor as prices continue their upward trajectory. The data reflects a market adjusting to higher price points and longer listing times simultaneously. 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