Is Cedar Creek-Red Rock, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Cedar Creek-Red Rock was a Seller's Market.
Housing Prices in Cedar Creek-Red Rock, TX
How much do homes in Cedar Creek-Red Rock, TX cost?
Median Sold Price
$427,950
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cedar Creek-Red Rock was $427,950 in May 2024, up 3.3% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $228.5K | $295K | +29.1% |
2 Bedrooms | $365K | $315K | -13.7% |
3 Bedrooms | $362.5K | $356K | -1.8% |
4 Bedrooms | $484.9K | $495K | +2.1% |
5+ Bedrooms | $799.4K | $682K | -14.7% |
Summary: Cedar Creek-Red Rock housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.1%, 2 bedroom homes decreased by 13.7%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 14.7%.
Housing Supply in Cedar Creek-Red Rock, TX
How many homes are available in Cedar Creek-Red Rock, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
248 | 294 | +18.5% |
Summary: The Cedar Creek-Red Rock real estate market had 294 homes for sale in May 2024, a 18.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 97 | 121 | +24.7% |
4 Bedrooms | 115 | 139 | +20.9% |
5+ Bedrooms | 23 | 21 | -8.7% |
Summary: The Cedar Creek-Red Rock housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 24.7%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes decreased by 8.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 42 | +44.8% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Cedar Creek-Red Rock in May 2024, up by 44.8% month-over-month. Of the 42 sold homes, 57% were sold under asking, 31% were sold at asking, and 12% were sold over asking.
Days on Market for Cedar Creek-Red Rock, TX
How long does it take to sell a home in Cedar Creek-Red Rock, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
77 Days | 91 Days | +17.3% |
Summary: Homes in Cedar Creek-Red Rock had an average of 91 days on market in May 2024, up by 17.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During May 2024, 42 homes were sold in Cedar Creek-Red Rock; 43% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.