Is Cedar Creek-Red Rock, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Cedar Creek-Red Rock has remained a Buyer's Market.
Housing Prices in Cedar Creek-Red Rock, TX
How much do homes in Cedar Creek-Red Rock, TX cost?
Median Sold Price
$429,975
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cedar Creek-Red Rock was $429,975 in March 2024, down 4.3% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $228.5K | $295K | +29.1% |
2 Bedrooms | $329K | $450K | +36.8% |
3 Bedrooms | $397.9K | $365K | -8.3% |
4 Bedrooms | $536.3K | $484.9K | -9.6% |
5+ Bedrooms | $791.5K | $742.7K | -6.2% |
Summary: Cedar Creek-Red Rock housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.1%, 2 bedroom homes increased by 36.8%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes decreased by 6.2%.
Housing Supply in Cedar Creek-Red Rock, TX
How many homes are available in Cedar Creek-Red Rock, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
165 | 200 | +21.2% |
Summary: The Cedar Creek-Red Rock real estate market had 200 homes for sale in March 2024, a 21.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 63 | 78 | +23.8% |
4 Bedrooms | 83 | 97 | +16.9% |
5+ Bedrooms | 10 | 15 | +50.0% |
Summary: The Cedar Creek-Red Rock housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 16 | -27.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Cedar Creek-Red Rock in March 2024, down by 27.3% month-over-month. Of the 16 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Cedar Creek-Red Rock, TX
How long does it take to sell a home in Cedar Creek-Red Rock, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
93 Days | 161 Days | +73.0% |
Summary: Homes in Cedar Creek-Red Rock had an average of 161 days on market in Mar 2024, up by 73% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Cedar Creek-Red Rock; 25% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 63% of homes were sold over 90 days.