Is Leander, 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, Leander was a Seller's Market.
Housing Prices in Leander, TX
How much do homes in Leander, TX cost?
Median Sold Price
$462,639
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Leander was $462,639 in May 2024, down 7.1% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $392.5K | $422K | +7.5% |
2 Bedrooms | $330K | $320K | -3.0% |
3 Bedrooms | $409.8K | $383.2K | -6.5% |
4 Bedrooms | $533K | $499.9K | -6.2% |
5+ Bedrooms | $730.5K | $700.1K | -4.2% |
Summary: Leander housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Cities
Northwest Travis | $732.3K | $714.9K | -2.4% |
Cedar Park | $515.3K | $497.8K | -3.4% |
Cedar Park-Liberty Hill | $476.3K | $449.9K | -5.5% |
Leander | $499.1K | $469.2K | -6.0% |
Leander | $497.9K | $462.6K | -7.1% |
Housing Supply in Leander, TX
How many homes are available in Leander, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
681 | 766 | +12.5% |
Summary: The Leander real estate market had 766 homes for sale in May 2024, a 12.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 16 | 16 | 0.0% |
3 Bedrooms | 215 | 245 | +14.0% |
4 Bedrooms | 330 | 367 | +11.2% |
5+ Bedrooms | 119 | 137 | +15.1% |
Summary: The Leander 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 14%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 15.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
126 | 110 | -12.7% |
Asking Price vs. Sold Price
67 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 110 homes were sold or pending in Leander in May 2024, down by 12.7% month-over-month. Of the 110 sold homes, 61% were sold under asking, 16% were sold at asking, and 23% were sold over asking.
Days on Market for Leander, TX
How long does it take to sell a home in Leander, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
59 Days | 34 Days | -42.3% |
Summary: Homes in Leander had an average of 34 days on market in May 2024, down by 42.3% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 110 homes were sold in Leander; 65% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.