Is Burnet County, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burnet County is a buyer's market

Buyer's
Market

Difference Since December 2021

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

Key Takeaway

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

How much do homes in Burnet County, TX cost?

Median Sold Price

$422,333

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$28,717(+7.3%)

Key Takeaway

Homes in Burnet County have sold for 7.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $290.2K$233.4K
-19.6%
2 $248.7K$360K
+44.7%
3 $395K$407.5K
+3.2%
4 $460.5K$567.5K
+23.2%
5+ $785K$1.1M
+40.1%

Median Sold Price Compared To Nearby Counties

Lampasas County
+38.9%
Williamson County
+13.2%
Travis County
+10.7%
Burnet County
+7.3%
Llano County
+5.1%

How many homes are available in Burnet County, TX?

Number of Homes For Sale

Nov 2022Dec 2022%
188180-4.3%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 34
+33.3%
2 1614
-12.5%
3 113107
-5.3%
4 4746
-2.1%
5+ 99
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
1921+10.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burnet County, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
49 Days44 Days-8.3%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Burnet County are selling fast, if you're buying plan to act quickly.

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

About Burnet County, TX

Burnet County, TX has 180 homes for sale to choose from. The inventory of homes for sale in Burnet County, TX between November 2022 and December 2022 decreased by 4.3%. In December 2022 median list price was $422,333 and the average listing age was 44 days. This housing market listing prices have changed between November 2022 and December 2022: the cost of 1 bedroom properties went down by 19.6%, 2 bedrooms properties became 44.7% more expensive, prices of 3 bedrooms properties went up by 3.2%, 4 bedrooms properties prices increased by 23.2%, the cost of 5 bedrooms properties went up by 40.1%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went up by 33.3%, the quantity of 2 bedrooms homes went down by 12.5%, 3 bedrooms homes inventory decreased by 5.3%, the quantity of 4 bedrooms homes went down by 2.1%, 5 bedrooms homes did not move. In December 2022 more than 5 listings in Burnet County, TX were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 10 were sold below.

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