Is Cedar Park, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cedar Park has remained a Seller's Market.
Housing Prices in Cedar Park, TX
How much do homes in Cedar Park, TX cost?
Median Sold Price
$488,641
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cedar Park was $488,641 in April 2024, down 6.8% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $575K | - | N/A |
2 Bedrooms | $373.2K | $304.9K | -18.3% |
3 Bedrooms | $435K | $400.8K | -7.9% |
4 Bedrooms | $600K | $587.5K | -2.1% |
5+ Bedrooms | $830K | $827K | -0.4% |
Summary: Cedar Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.3%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
Northwest Travis | $754.7K | $715K | -5.3% |
Leander | $494.4K | $463K | -6.3% |
Leander | $499.9K | $467.2K | -6.5% |
Cedar Park | $524.4K | $488.6K | -6.8% |
Cedar Park-Liberty Hill | $488.1K | $449.9K | -7.8% |
Housing Supply in Cedar Park, TX
How many homes are available in Cedar Park, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
262 | 329 | +25.6% |
Summary: The Cedar Park real estate market had 329 homes for sale in April 2024, a 25.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 7 | +75.0% |
3 Bedrooms | 129 | 149 | +15.5% |
4 Bedrooms | 98 | 128 | +30.6% |
5+ Bedrooms | 31 | 45 | +45.2% |
Summary: The Cedar Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 30.6%, and 5+ bedroom homes increased by 45.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 85 | +73.5% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 85 homes were sold or pending in Cedar Park in April 2024, up by 73.5% month-over-month. Of the 85 sold homes, 49% were sold under asking, 21% were sold at asking, and 29% were sold over asking.
Days on Market for Cedar Park, TX
How long does it take to sell a home in Cedar Park, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
61 Days | 25 Days | -58.4% |
Summary: Homes in Cedar Park had an average of 25 days on market in Apr 2024, down by 58.4% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 85 homes were sold in Cedar Park; 79% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.