New Braunfels | July 2023

2023

REAL ESTATE DATA

COMPILED BY ERIC WEILBACHER

2022-23 New Braunfels real estate market at a glance Over the past year, median home prices in local ZIP codes have continued to inch up, though at a slower rate than previous years with the median in the 78132 ZIP code now nearly 64% higher than in the 78310 ZIP code at $580,000. The number of days homes stayed on the market doubled or more in both areas.

78132

78130

35

SOURCES: FOUR RIVERS ASSOCIATION OF REALTORS, AUSTIN BOARD OF REALTORS«COMMUNITY IMPACT

N

Total homes sold

Median home sales price

June 2021-May 2022

June 2022-May 2023

June 2021-May 2022

June 2022-May 2023

2,023

$335,000

78130

78130

-6.18%

+5.77%

1,898

$354,328

1,052

$544,851

78132

78132

-11.6%

+6.45%

930

$580,000

Average days on market

Average days to close

June 2021-May 2022

June 2022-May 2023

June 2021-May 2022

June 2022-May 2023

27

46

78130

78130

+129.63%

+4.35%

62

48

33

53 53

78132

78132

+100%

0%

66

National mortgage rate data After staying relatively °at the ‹rst two years of the pandemic, mortgage rates have sharply risen since early 2022, peaking Nov. 10 of last year before seeing some decline the last six months. 30-year ‹xed-rate mortgage 15-year ‹xed-rate mortgage

8

6.48%

6

3.22%

3.72%

2.65%

4

5.73%

3.16%

January 2020 0 2

2.16%

2.43%

January 2021

January 2022

January 2023

17

NEW BRAUNFELS EDITION • JULY 2023

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