Is Jonestown, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jonestown is a buyer's market

Buyer's
Market

Difference Since August 2023

At the same time last year, Jonestown was a Neutral Market.

Key Takeaway

Jonestown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Jonestown, TX

How much do homes in Jonestown, TX cost?

Median Sold Price

$632,500

$271/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$88,996(-12.3%)

Key Takeaway

Homes in Jonestown have sold for 12.3% less than they did a year ago.

Summary: The median home sold price in Jonestown was $632,500 in August 2024, down 12.3% from last year, and the median price per square foot was $271.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $199.5K$167.5K
-16.0%
2 $330K$315K
-4.5%
3 $486.2K$532.5K
+9.5%
4 $925K$904.5K
-2.2%
5+ $1.4M$1.2M
-18.3%

Summary: Jonestown housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 18.3%.

Median Sold Price Compared To Nearby Cities

Northwest Travis
+1.6%
Lago Vista
-0.3%
Leander
-1.9%
Jonestown
-12.3%

Housing Supply in Jonestown, TX

How many homes are available in Jonestown, TX?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
8187+7.4%

Summary: The Jonestown real estate market had 87 homes for sale in August 2024, a 7.4% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 32
-33.3%
2 1213
+8.3%
3 3133
+6.5%
4 1918
-5.3%
5+ 1621
+31.3%

Summary: The Jonestown housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 31.3%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
59+80.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jonestown, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Jonestown in August 2024, up by 80.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.

Days on Market for Jonestown, TX

How long does it take to sell a home in Jonestown, TX?

Average Sale Time

Aug 2023Aug 2024CHANGE
233 Days64 Days-72.5%

Summary: Homes in Jonestown had an average of 64 days on market in Aug 2024, down by 72.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Jonestown are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 9 homes were sold in Jonestown; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% 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 18 Days Ago

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