Fredericksburg TX Real Estate Market Report Average land price
This chart shows the history of the ranch sales and the average price per acre in the Fredericksburg TX Real Estate market and includes all raw land sales in Gillespie County.
Total Sales Home SalesTax Receipts Population Projection
Fredericksburg TX Real Estate Market Report Average land price
Total Sells | Total Units | Total Acres | Avg DOM | Avg Price per acre | |
2006 | $47,936,933 | 153 | 5664.86 | 312 | $8,462.16 |
2007 | $38,703,842 | 121 | 4199.92 | 377 | $9,322.75 |
2008 | $31,138,739 | 96 | 3407.17 | 398 | $9,139.17 |
2009 | $17,023,700 | 53 | 1794.90 | 427 | $9,638.15 |
2010 | $16,464,524 | 49 | 2247.67 | 423 | $7,325.15 |
2011 | $21,909,308 | 68 | 3391.28 | 503 | $6,460.49 |
2012 | $25,498,122 | 78 | 4310.30 | 570 | $5.915.63 |
2013 | $37,092,120 | 112 | 5372.01 | 642 | $6,904.70 |
2014 | $43,380,914 | 122 | 5478.08 | 481 | $7,918.99 |
2015 | $53,202,586 | 128 | 6214.73 | 501 | $8,560.72 |
2016 | $67,887,481 | 135 | 8023.24 | 369 | $8,460.01 |
2017 | $76,057,049 | 150 | 7320.56 | 398 | $10,389.51 |
2018 | $58,361,177 | 125 | 6082.48 | 363 | $9,594.97 |
2019 | $44,454,221 | 108 | 3512.55 | 307 | $12,655.82 |
2020 | $102,052,503 | 190 | 7554.71 | 256 | $13,508.47 |
2021 | $123,175.868 | 257 | 7,135.23 | 221 | $17,263.05 |
2022 | $106,192,205 | 165 | 3,944.14 | 262 | $22,906.61 |
2023 | $70,851,208 | 96 | 3060.91 | 228 | $23,147.10 |
2024 Q1 | $11,775,272 | 22 | 562.97 | 267 | $20,916,22 |
Average price per acre for Ranches and land values in Fredericksburg Texas
For the 1st Quarter the best way to describe the land sales market is average.. prices are slightly up but nothing huge and over all at sales are somewhat sluggish. For the 1st quarter of the 2024 we’ve only sold 562.97 cars in Gillespie County with a total dollar amount of $11,775,272 and the average land price in Gillespie County is at $20,916,22 for the 1st Quarter of 24
Average prices per ace in Fredericksburg Texas and Gillespie county
Jan 1st to March 31st 2024
1 to 5 acres -$58,454.26 per acre
6 to 10 acres -$38,540.96 per acre
11 to 25 acres – $19,949.13 per acre
26 to 50 acres -$26,367.28 per acre ( no sales yet in 2024 )
51 to 100 acres -$12,609.97 per acre
101 to 250 acres -$16,522.35 per acre
250+ acres -$17,815.87 per acre ( no sales yet in 2024 )
Then I have been tracking acreage sales on Highway 290 separately because that has become such a commercial product that I am not including those in the average price per acres I was just talking about. So the average price per acre for anything on Highway 290 for 2023 that number is $75,896.58 per acre
I also keep boot ranch numbers out of the general price per acre in the county but if you are curious the average price per acre in boot ranch which is usually a 1 to 5 acre tract ended 2023 at $386,764,25 per acre which is why I don’t mix those sales into the usual averages
When you look at the chart above is easy to think you have a complete picture of the land and ranch market in Gillespie County. But just looking at the average price per acre of everything that has sold can be misleading. All land is not created equal. One must take into account where the majority of the land was sold in a certain year.
Based on information from the Central Hill Country Board of REALTORS® MLS for the period 2006 through dates indicated on charts.
email me at mike@mikestarks.com or call with any questions.
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