Is Cedar Park, 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, Cedar Park has remained a Seller's Market.
Housing Prices in Cedar Park, TX
How much do homes in Cedar Park, TX cost?
Median Sold Price
$497,802
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cedar Park was $497,802 in May 2024, down 3.4% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $355K | - | N/A |
2 Bedrooms | $355K | $314.5K | -11.4% |
3 Bedrooms | $427.7K | $400.4K | -6.4% |
4 Bedrooms | $599.2K | $595K | -0.7% |
5+ Bedrooms | $876.5K | $825.5K | -5.8% |
Summary: Cedar Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.4%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 5.8%.
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 Cedar Park, TX
How many homes are available in Cedar Park, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
320 | 375 | +17.2% |
Summary: The Cedar Park real estate market had 375 homes for sale in May 2024, a 17.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 11 | +57.1% |
3 Bedrooms | 143 | 171 | +19.6% |
4 Bedrooms | 126 | 139 | +10.3% |
5+ Bedrooms | 44 | 54 | +22.7% |
Summary: The Cedar Park 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 57.1%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 22.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
86 | 89 | +3.5% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 89 homes were sold or pending in Cedar Park in May 2024, up by 3.5% month-over-month. Of the 89 sold homes, 46% were sold under asking, 24% were sold at asking, and 30% were sold over asking.
Days on Market for Cedar Park, TX
How long does it take to sell a home in Cedar Park, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 25 Days | -16.1% |
Summary: Homes in Cedar Park had an average of 25 days on market in May 2024, down by 16.1% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 89 homes were sold in Cedar Park; 70% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.