Is Bastrop, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bastrop is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Bastrop was a Seller's Market.

Key Takeaway

Bastrop is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Bastrop, TX

How much do homes in Bastrop, TX cost?

Median Sold Price

$385,199

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$1,536(-0.4%)

Key Takeaway

The sold price of homes in Bastrop has remained the same since last year.

Summary: The median home sold price in Bastrop was $385,199 in October 2024, down 0.4% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $179.5K$159K
-11.4%
2 $317.5K$290K
-8.7%
3 $365.3K$368.6K
+0.9%
4 $410K$449.9K
+9.7%
5+ $728.8K$553.4K
-24.1%

Summary: Bastrop housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.4%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 24.1%.

Median Sold Price Compared To Nearby Cities

Cedar Creek-Red Rock
+4.7%
Bastrop
-0.4%

Housing Supply in Bastrop, TX

How many homes are available in Bastrop, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
331347+4.8%

Summary: The Bastrop real estate market had 347 homes for sale in October 2024, a 4.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 62
-66.7%
2 1514
-6.7%
3 170175
+2.9%
4 122134
+9.8%
5+ 1822
+22.2%

Summary: The Bastrop housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4142+2.4%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bastrop, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 42 homes were sold or pending in Bastrop in October 2024, up by 2.4% month-over-month. Of the 42 sold homes, 67% were sold under asking, 21% were sold at asking, and 12% were sold over asking.

Days on Market for Bastrop, TX

How long does it take to sell a home in Bastrop, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
73 Days73 Days+0.8%

Summary: Homes in Bastrop had an average of 73 days on market in Oct 2024, up by 0.8% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Bastrop has remained consistent over time.

Summary: During October 2024, 42 homes were sold in Bastrop; 33% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

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