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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Round Rock-Georgetown is a neutral's market

Buyer's
Market

Difference Since August 2023

At the same time last year, Round Rock-Georgetown was a Seller's Market.

Key Takeaway

Round Rock-Georgetown 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 Round Rock-Georgetown, TX

How much do homes in Round Rock-Georgetown, TX cost?

Median Sold Price

$459,965

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$12,746(-2.7%)

Key Takeaway

Homes in Round Rock-Georgetown have sold for 2.7% less than they did a year ago.

Summary: The median home sold price in Round Rock-Georgetown was $459,965 in August 2024, down 2.7% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $322.5K$412.2K
+27.8%
2 $374.8K$352.1K
-6.0%
3 $401.5K$394.6K
-1.7%
4 $544.5K$539.7K
-0.9%
5+ $710K$696.2K
-1.9%

Summary: Round Rock-Georgetown housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.8%, 2 bedroom homes decreased by 6%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 1.9%.

Median Sold Price Compared To Nearby Cities

Georgetown
0%
Round Rock
-1.2%
Round Rock-Georgetown
-2.7%
Cedar Park
-2.8%
Cedar Park-Liberty Hill
-2.9%

Housing Supply in Round Rock-Georgetown, TX

How many homes are available in Round Rock-Georgetown, TX?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
2,0192,118+4.9%

Summary: The Round Rock-Georgetown real estate market had 2,118 homes for sale in August 2024, a 4.9% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 33
0.0%
2 205207
+1.0%
3 772834
+8.0%
4 820846
+3.2%
5+ 219228
+4.1%

Summary: The Round Rock-Georgetown 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 1%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 4.1%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
369313-15.2%

Asking Price vs. Sold Price

238 Homes Were Sold
Under Asking

45 Homes Were Sold
At Asking

30 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Round Rock-Georgetown, you may be able to get a good deal. 76% of homes here sold below asking price last month.

Summary: A total of 313 homes were sold or pending in Round Rock-Georgetown in August 2024, down by 15.2% month-over-month. Of the 313 sold homes, 76% were sold under asking, 14% were sold at asking, and 10% were sold over asking.

Days on Market for Round Rock-Georgetown, TX

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

Average Sale Time

Aug 2023Aug 2024CHANGE
52 Days52 Days0.4%

Summary: Homes in Round Rock-Georgetown had an average of 52 days on market in Aug 2024, up by 0.4% compared to last year.

Breakdown of Home Sale Times

142 Homes Were Sold
Under 30 Days

116 Homes Were Sold
In 30 - 90 Days

55 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2024, 313 homes were sold in Round Rock-Georgetown; 45% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 18% 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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