Is Round Rock-Georgetown, 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, Round Rock-Georgetown has remained a Seller's Market.
Housing Prices in Round Rock-Georgetown, TX
How much do homes in Round Rock-Georgetown, TX cost?
Median Sold Price
$462,633
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Round Rock-Georgetown was $462,633 in March 2024, down 7.5% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $367K | $449.7K | +22.5% |
2 Bedrooms | $400K | $370K | -7.5% |
3 Bedrooms | $440K | $396.3K | -9.9% |
4 Bedrooms | $583.2K | $540.1K | -7.4% |
5+ Bedrooms | $761.1K | $688K | -9.6% |
Summary: Round Rock-Georgetown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.5%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 9.6%.
Median Sold Price Compared To Nearby Cities
Round Rock | $446.4K | $445.3K | -0.3% |
Georgetown | $459.9K | $448.4K | -2.5% |
Cedar Park | $525K | $500K | -4.8% |
Round Rock-Georgetown | $499.9K | $462.6K | -7.5% |
Cedar Park-Liberty Hill | $498.7K | $449.9K | -9.8% |
Housing Supply in Round Rock-Georgetown, TX
How many homes are available in Round Rock-Georgetown, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,391 | 1,579 | +13.5% |
Summary: The Round Rock-Georgetown real estate market had 1,579 homes for sale in March 2024, a 13.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 168 | 189 | +12.5% |
3 Bedrooms | 528 | 617 | +16.9% |
4 Bedrooms | 565 | 623 | +10.3% |
5+ Bedrooms | 127 | 148 | +16.5% |
Summary: The Round Rock-Georgetown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 16.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
286 | 278 | -2.8% |
Asking Price vs. Sold Price
174 Homes Were Sold
Under Asking
55 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Summary: A total of 278 homes were sold or pending in Round Rock-Georgetown in March 2024, down by 2.8% month-over-month. Of the 278 sold homes, 63% were sold under asking, 20% were sold at asking, and 18% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
73 Days | 70 Days | -3.9% |
Summary: Homes in Round Rock-Georgetown had an average of 70 days on market in Mar 2024, down by 3.9% compared to last year.
Breakdown of Home Sale Times
126 Homes Were Sold
Under 30 Days
66 Homes Were Sold
In 30 - 90 Days
86 Homes Were Sold
Over 90 Days
Summary: During March 2024, 278 homes were sold in Round Rock-Georgetown; 45% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.