Is Round Rock, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Round Rock is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Round Rock has remained a Seller's Market.

Key Takeaway

Round Rock is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Round Rock, TX

How much do homes in Round Rock, TX cost?

Median Sold Price

$444,196

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$5,803(-1.3%)

Key Takeaway

Homes in Round Rock have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in Round Rock was $444,196 in February 2024, down 1.3% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $255K$374.9K
+47.1%
2 $327.5K$394.5K
+20.5%
3 $406.3K$375.1K
-7.7%
4 $522K$511K
-2.1%
5+ $765K$630K
-17.6%

Summary: Round Rock housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.1%, 2 bedroom homes increased by 20.5%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 17.6%.

Median Sold Price Compared To Nearby Cities

Round Rock
-1.3%
Georgetown
-3.9%
Round Rock-Georgetown
-8.4%
Pflugerville
-8.4%
Northeast Travis
-11.3%

Housing Supply in Round Rock, TX

How many homes are available in Round Rock, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
445488+9.7%

Summary: The Round Rock real estate market had 488 homes for sale in February 2024, a 9.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 3431
-8.8%
3 174209
+20.1%
4 177196
+10.7%
5+ 6052
-13.3%

Summary: The Round Rock housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.8%, 3 bedroom homes increased by 20.1%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 13.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
9795-2.1%

Asking Price vs. Sold Price

63 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Round Rock, you may be able to get a good deal. 66.3% of homes here sold below asking price last month.

Summary: A total of 95 homes were sold or pending in Round Rock in February 2024, down by 2.1% month-over-month. Of the 95 sold homes, 66% were sold under asking, 20% were sold at asking, and 14% were sold over asking.

Days on Market for Round Rock, TX

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

Average Sale Time

Feb 2023Feb 2024CHANGE
68 Days73 Days+7.1%

Summary: Homes in Round Rock had an average of 73 days on market in Feb 2024, up by 7.1% compared to last year.

Breakdown of Home Sale Times

41 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

27 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 95 homes were sold in Round Rock; 43% of homes were sold within 30 days, 28% 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 4 Days Ago

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