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 April 2023

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.

Housing Prices in Burnet County, TX

How much do homes in Burnet County, TX cost?

Median Sold Price

$399,000

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$1,000(-0.3%)

Key Takeaway

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

Summary: The median home sold price in Burnet County was $399,000 in April 2024, down 0.3% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $233.4K$195K
-16.5%
2 $339.5K$265K
-21.9%
3 $383.1K$359.9K
-6.1%
4 $517.7K$642.5K
+24.1%
5+ $880.1K$765K
-13.1%

Summary: Burnet County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.5%, 2 bedroom homes decreased by 21.9%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes decreased by 13.1%.

Median Sold Price Compared To Nearby Counties

Burnet County
-0.3%
Llano County
-3.3%
Travis County
-6.9%
Lampasas County
-7.0%
Williamson County
-7.6%

Housing Supply in Burnet County, TX

How many homes are available in Burnet County, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
295343+16.3%

Summary: The Burnet County real estate market had 343 homes for sale in April 2024, a 16.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1213
+8.3%
2 3939
0.0%
3 161188
+16.8%
4 6579
+21.5%
5+ 1824
+33.3%

Summary: The Burnet County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 21.5%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2338+65.2%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 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. 76.3% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in Burnet County in April 2024, up by 65.2% month-over-month. Of the 38 sold homes, 76% were sold under asking, 18% were sold at asking, and 5% 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

Apr 2023Apr 2024CHANGE
54 Days92 Days+70.3%

Summary: Homes in Burnet County had an average of 92 days on market in Apr 2024, up by 70.3% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Burnet County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 38 homes were sold in Burnet County; 39% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 45% 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 22 Days Ago

Newest Listings in Burnet County, TX

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