Is Cedar Park-Liberty Hill, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cedar Park-Liberty Hill is a neutral's market

Buyer's
Market

Difference Since August 2023

At the same time last year, Cedar Park-Liberty Hill was a Seller's Market.

Key Takeaway

Cedar Park-Liberty Hill is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Cedar Park-Liberty Hill, TX

How much do homes in Cedar Park-Liberty Hill, TX cost?

Median Sold Price

$444,714

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$13,391(-2.9%)

Key Takeaway

Homes in Cedar Park-Liberty Hill have sold for 2.9% less than they did a year ago.

Summary: The median home sold price in Cedar Park-Liberty Hill was $444,714 in August 2024, down 2.9% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 --
N/A
2 $343.5K$330K
-3.9%
3 $395.1K$384K
-2.8%
4 $499.9K$495.5K
-0.9%
5+ $675K$649.5K
-3.8%

Summary: Cedar Park-Liberty Hill housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.9%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 3.8%.

Median Sold Price Compared To Nearby Cities

Leander
-1.9%
Leander
-2.1%
Round Rock-Georgetown
-2.7%
Cedar Park
-2.8%
Cedar Park-Liberty Hill
-2.9%

Housing Supply in Cedar Park-Liberty Hill, TX

How many homes are available in Cedar Park-Liberty Hill, TX?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
972956-1.6%

Summary: The Cedar Park-Liberty Hill real estate market had 956 homes for sale in August 2024, a 1.6% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 1415
+7.1%
3 414400
-3.4%
4 426424
-0.5%
5+ 118117
-0.8%

Summary: The Cedar Park-Liberty Hill housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 0.8%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
180147-18.3%

Asking Price vs. Sold Price

112 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cedar Park-Liberty Hill, you may be able to get a good deal. 76.2% of homes here sold below asking price last month.

Summary: A total of 147 homes were sold or pending in Cedar Park-Liberty Hill in August 2024, down by 18.3% month-over-month. Of the 147 sold homes, 76% were sold under asking, 14% were sold at asking, and 10% were sold over asking.

Days on Market for Cedar Park-Liberty Hill, TX

How long does it take to sell a home in Cedar Park-Liberty Hill, TX?

Average Sale Time

Aug 2023Aug 2024CHANGE
43 Days49 Days+14.6%

Summary: Homes in Cedar Park-Liberty Hill had an average of 49 days on market in Aug 2024, up by 14.6% compared to last year.

Breakdown of Home Sale Times

70 Homes Were Sold
Under 30 Days

55 Homes Were Sold
In 30 - 90 Days

22 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cedar Park-Liberty Hill are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 147 homes were sold in Cedar Park-Liberty Hill; 48% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 15% 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 9 Days Ago

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