Is Cedar Park, 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 Park has remained a Seller's Market.
Key Takeaway
Cedar Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cedar Park, TX
How much do homes in Cedar Park, TX cost?
Median Sold Price
$500,000
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cedar Park have sold for 4.8% less than they did a year ago.
Summary: The median home sold price in Cedar Park was $500,000 in March 2024, down 4.8% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $575K | - | N/A |
| 2 Bedrooms | $376.5K | $304.9K | -19.0% |
| 3 Bedrooms | $440K | $402K | -8.6% |
| 4 Bedrooms | $605K | $586.9K | -3.0% |
| 5+ Bedrooms | $850K | $802.5K | -5.6% |
Summary: Cedar Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Cedar Park | $525K | $500K | -4.8% |
| Northwest Travis | $766.6K | $714.3K | -6.8% |
| Leander | $499.9K | $464K | -7.2% |
| Leander | $506.6K | $469.3K | -7.4% |
| Cedar Park-Liberty Hill | $498.7K | $449.9K | -9.8% |
Housing Supply in Cedar Park, TX
How many homes are available in Cedar Park, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 196 | 271 | +38.3% |
Summary: The Cedar Park real estate market had 271 homes for sale in March 2024, a 38.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 90 | 131 | +45.6% |
| 4 Bedrooms | 79 | 103 | +30.4% |
| 5+ Bedrooms | 24 | 32 | +33.3% |
Summary: The Cedar Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 45.6%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 43 | 50 | +16.3% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Park, you may be able to get a good deal. 54% of homes here sold below asking price last month.
Summary: A total of 50 homes were sold or pending in Cedar Park in March 2024, up by 16.3% month-over-month. Of the 50 sold homes, 54% were sold under asking, 24% were sold at asking, and 22% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 48 Days | -11.6% |
Summary: Homes in Cedar Park had an average of 48 days on market in Mar 2024, down by 11.6% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cedar Park are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 50 homes were sold in Cedar Park; 54% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.