Is Bastrop, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bastrop has remained a Seller's Market.
Housing Prices in Bastrop, TX
How much do homes in Bastrop, TX cost?
Median Sold Price
$390,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bastrop was $390,000 in May 2024, down 1.8% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.1M | $179.5K | -84.4% |
2 Bedrooms | $394K | $310K | -21.3% |
3 Bedrooms | $375K | $365.5K | -2.5% |
4 Bedrooms | $415K | $440.9K | +6.3% |
5+ Bedrooms | $448.9K | $637.5K | +42.0% |
Summary: Bastrop housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 84.4%, 2 bedroom homes decreased by 21.3%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 42%.
Median Sold Price Compared To Nearby Cities
Cedar Creek-Red Rock | $414.1K | $427.9K | +3.3% |
Bastrop | $397.2K | $390K | -1.8% |
Housing Supply in Bastrop, TX
How many homes are available in Bastrop, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
324 | 377 | +16.4% |
Summary: The Bastrop real estate market had 377 homes for sale in May 2024, a 16.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 14 | 13 | -7.1% |
3 Bedrooms | 163 | 191 | +17.2% |
4 Bedrooms | 122 | 150 | +23.0% |
5+ Bedrooms | 23 | 20 | -13.0% |
Summary: The Bastrop housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 23%, and 5+ bedroom homes decreased by 13%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
45 | 64 | +42.2% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 64 homes were sold or pending in Bastrop in May 2024, up by 42.2% month-over-month. Of the 64 sold homes, 52% were sold under asking, 31% were sold at asking, and 17% were sold over asking.
Days on Market for Bastrop, TX
How long does it take to sell a home in Bastrop, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
71 Days | 68 Days | -4.1% |
Summary: Homes in Bastrop had an average of 68 days on market in May 2024, down by 4.1% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During May 2024, 64 homes were sold in Bastrop; 48% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.