Is Cedar Park, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Cedar Park has remained a Seller's Market.
Housing Prices in Cedar Park, TX
How much do homes in Cedar Park, TX cost?
Median Sold Price
$493,533
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Cedar Park was $493,533 in June 2024, down 3.2% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $355K | - | N/A |
2 Bedrooms | $355K | $315K | -11.3% |
3 Bedrooms | $422K | $405K | -4.0% |
4 Bedrooms | $585.4K | $603.3K | +3.1% |
5+ Bedrooms | $832.5K | $833K | 0.1% |
Summary: Cedar Park housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.3%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 0.1%.
Median Sold Price Compared To Nearby Cities
Northwest Travis | $719.7K | $717.2K | -0.4% |
Cedar Park | $510.1K | $493.5K | -3.2% |
Leander | $489.4K | $467.9K | -4.4% |
Cedar Park-Liberty Hill | $470.6K | $449.6K | -4.5% |
Leander | $490.2K | $462.2K | -5.7% |
Housing Supply in Cedar Park, TX
How many homes are available in Cedar Park, TX?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
366 | 376 | +2.7% |
Summary: The Cedar Park real estate market had 376 homes for sale in June 2024, a 2.7% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 167 | 165 | -1.2% |
4 Bedrooms | 137 | 146 | +6.6% |
5+ Bedrooms | 52 | 56 | +7.7% |
Summary: The Cedar Park 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 decreased by 10%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
99 | 64 | -35.4% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 64 homes were sold or pending in Cedar Park in June 2024, down by 35.4% month-over-month. Of the 64 sold homes, 67% were sold under asking, 27% were sold at asking, and 6% were sold over asking.
Days on Market for Cedar Park, TX
How long does it take to sell a home in Cedar Park, TX?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
27 Days | 23 Days | -12.5% |
Summary: Homes in Cedar Park had an average of 23 days on market in Jun 2024, down by 12.5% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 64 homes were sold in Cedar Park; 72% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.