Is Burnet County, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Burnet County was a Seller's Market.
Housing Prices in Burnet County, TX
How much do homes in Burnet County, TX cost?
Median Sold Price
$384,500
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Burnet County was $384,500 in June 2024, up 1.6% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $195.5K | -6.9% |
2 Bedrooms | $325K | $270K | -16.9% |
3 Bedrooms | $360K | $362.2K | +0.6% |
4 Bedrooms | $460K | $585K | +27.2% |
5+ Bedrooms | $875K | $900K | +2.9% |
Summary: Burnet County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.9%, 2 bedroom homes decreased by 16.9%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 27.2%, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Counties
Burnet County | $378.3K | $384.5K | +1.6% |
Llano County | $559.3K | $560.6K | 0.2% |
Travis County | $535.1K | $523.9K | -2.1% |
Williamson County | $455.2K | $440.2K | -3.3% |
Lampasas County | $350K | $329.5K | -5.9% |
Housing Supply in Burnet County, TX
How many homes are available in Burnet County, TX?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
346 | 382 | +10.4% |
Summary: The Burnet County real estate market had 382 homes for sale in June 2024, a 10.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 11 | 0.0% |
2 Bedrooms | 37 | 37 | 0.0% |
3 Bedrooms | 185 | 215 | +16.2% |
4 Bedrooms | 90 | 95 | +5.6% |
5+ Bedrooms | 23 | 24 | +4.3% |
Summary: The Burnet County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
35 | 34 | -2.9% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Burnet County in June 2024, down by 2.9% month-over-month. Of the 33 sold homes, 70% were sold under asking, 15% were sold at asking, and 15% were sold over asking.
Days on Market for Burnet County, TX
How long does it take to sell a home in Burnet County, TX?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
84 Days | 63 Days | -24.4% |
Summary: Homes in Burnet County had an average of 63 days on market in Jun 2024, down by 24.4% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During June 2024, 34 homes were sold in Burnet County; 59% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.