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
$469,298
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Leander was $469,298 in May 2024, down 6% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $202.5K | -22.1% |
2 Bedrooms | $330K | $322.5K | -2.3% |
3 Bedrooms | $420.2K | $397.7K | -5.4% |
4 Bedrooms | $551.5K | $532.3K | -3.5% |
5+ Bedrooms | $754.5K | $702.6K | -6.9% |
Summary: Leander housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.1%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 6.9%.
Median Sold Price Compared To Nearby Cities
Northwest Travis | $732.3K | $714.9K | -2.4% |
Cedar Park-Liberty Hill | $476.3K | $449.9K | -5.5% |
Leander | $499.1K | $469.2K | -6.0% |
Leander | $497.9K | $462.6K | -7.1% |
Jonestown | $752.2K | $687K | -8.7% |
Housing Supply in Leander, TX
How many homes are available in Leander, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,014 | 1,100 | +8.5% |
Summary: The Leander real estate market had 1,100 homes for sale in May 2024, a 8.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 17 | 0.0% |
2 Bedrooms | 48 | 51 | +6.3% |
3 Bedrooms | 391 | 419 | +7.2% |
4 Bedrooms | 423 | 459 | +8.5% |
5+ Bedrooms | 135 | 154 | +14.1% |
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 increased by 6.3%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 14.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
171 | 131 | -23.4% |
Asking Price vs. Sold Price
82 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 131 homes were sold or pending in Leander in May 2024, down by 23.4% month-over-month. Of the 131 sold homes, 63% were sold under asking, 16% were sold at asking, and 21% 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 |
---|---|---|
66 Days | 48 Days | -27.0% |
Summary: Homes in Leander had an average of 48 days on market in May 2024, down by 27% compared to last year.
Breakdown of Home Sale Times
75 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During May 2024, 131 homes were sold in Leander; 57% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.