Is Llano South, 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, Llano South has remained a Buyer's Market.
Housing Prices in Llano South, TX
How much do homes in Llano South, TX cost?
Median Sold Price
$750,000
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Llano South was $750,000 in May 2024, up 15.9% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $197.1K | $411.2K | +108.7% |
2 Bedrooms | $437.5K | $425.4K | -2.8% |
3 Bedrooms | $630K | $725K | +15.1% |
4 Bedrooms | $1.1M | $1.4M | +23.5% |
5+ Bedrooms | $1.6M | $3.0M | +89.1% |
Summary: Llano South housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 108.7%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 89.1%.
Median Sold Price Compared To Nearby Cities
Llano South | $647K | $750K | +15.9% |
Sunrise Beach Village | $852.5K | $925K | +8.5% |
Llano North | $417K | $442.5K | +6.1% |
Kingsland | $650K | $670K | +3.1% |
Housing Supply in Llano South, TX
How many homes are available in Llano South, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
204 | 224 | +9.8% |
Summary: The Llano South real estate market had 224 homes for sale in May 2024, a 9.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 38 | 41 | +7.9% |
3 Bedrooms | 95 | 102 | +7.4% |
4 Bedrooms | 49 | 56 | +14.3% |
5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The Llano South 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 increased by 7.9%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 13 | -51.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Llano South in May 2024, down by 51.9% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.
Days on Market for Llano South, TX
How long does it take to sell a home in Llano South, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
77 Days | 98 Days | +26.0% |
Summary: Homes in Llano South had an average of 98 days on market in May 2024, up by 26% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Llano South; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.