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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Leander is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Leander was a Seller's Market.

Key Takeaway

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

Housing Prices in Leander, TX

How much do homes in Leander, TX cost?

Median Sold Price

$473,829

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$752(-0.2%)

Key Takeaway

The sold price of homes in Leander has remained the same since last year.

Summary: The median home sold price in Leander was $473,829 in September 2024, down 0.2% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $215K$198K
-7.9%
2 $310K$320K
+3.2%
3 $399.9K$385K
-3.7%
4 $512.5K$544.5K
+6.2%
5+ $697.8K$739.9K
+6.0%

Summary: Leander housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.9%, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 6%.

Median Sold Price Compared To Nearby Cities

Northwest Travis
0.4%
Leander
-0.2%
Leander
-0.9%
Cedar Park-Liberty Hill
-1.3%
Jonestown
-12.8%

Housing Supply in Leander, TX

How many homes are available in Leander, TX?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
9891,025+3.6%

Summary: The Leander real estate market had 1,025 homes for sale in September 2024, a 3.6% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 89
+12.5%
2 3536
+2.9%
3 396393
-0.8%
4 424447
+5.4%
5+ 126140
+11.1%

Summary: The Leander housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
14183-41.1%

Asking Price vs. Sold Price

60 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Leander, you may be able to get a good deal. 72.3% of homes here sold below asking price last month.

Summary: A total of 83 homes were sold or pending in Leander in September 2024, down by 41.1% month-over-month. Of the 83 sold homes, 72% were sold under asking, 13% were sold at asking, and 14% were sold over asking.

Days on Market for Leander, TX

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

Average Sale Time

Sep 2023Sep 2024CHANGE
56 Days63 Days+12.8%

Summary: Homes in Leander had an average of 63 days on market in Sep 2024, up by 12.8% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

30 Homes Were Sold
In 30 - 90 Days

23 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 83 homes were sold in Leander; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 28% 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 5 Days Ago

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