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 |
Average price per acre for Ranches and land values in Fredericksburg Texas
Land sales in Gillespie county we see a similar story with lower volume of sales but prices staying mostly steady with a few segments with higher prices and some with lower prices but as a whole the average price per acre increased in 2023. so to talk numbers in 2022 we sold a total of 3944 acres in Gillespie county and in 2023 we sold 3060 acres in dollars that represented $106,182,205 worth of raw land in 2022 and $70,851,208 in 2023. That was a drop of 33.7% in the total dollar sales but if you look at the average price per acre we are up slightly. We ended 2022 with the average price per ace for land in Gillespie county at 22,906.61 and at the end of 2023 we were at $23,147.10 per acre , so a modest increase of 1.05%
Average prices per ace in Fredericksburg Texas and Gillespie county
Jan 1st to June Sept 30th 2023
1 to 5 acres -$54.995.98 per acre
6 to 10 acres -$34,584.65 per acre
11 to 25 acres – $26,348.45 per acre
26 to 50 acres -$26,367.28 per acre
51 to 100 acres -$25,212.82 per acre
101 to 250 acres -$13,872 per acre
250+ acres -$17,815.87 per acre
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.
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