Is Llano County, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Llano County is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Llano County was a Seller's Market.

Key Takeaway

Llano County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Llano County, TX

How much do homes in Llano County, TX cost?

Median Sold Price

$573,475

$289/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$13,700(+2.4%)

Key Takeaway

Homes in Llano County have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in Llano County was $573,475 in May 2024, up 2.4% from last year, and the median price per square foot was $289.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $193K$196.8K
+2.0%
2 $340K$399.1K
+17.4%
3 $510K$532.5K
+4.4%
4 $1.1M$1.3M
+16.1%
5+ $2.4M$2.6M
+6.2%

Summary: Llano County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 6.2%.

Median Sold Price Compared To Nearby Counties

Burnet County
+5.0%
Llano County
+2.4%
Blanco County
+1.6%
Gillespie County
-6.9%

Housing Supply in Llano County, TX

How many homes are available in Llano County, TX?

Number of Homes For Sale

Apr 2024May 2024CHANGE
372409+9.9%

Summary: The Llano County real estate market had 409 homes for sale in May 2024, a 9.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1011
+10.0%
2 5964
+8.5%
3 171182
+6.4%
4 93108
+16.1%
5+ 3944
+12.8%

Summary: The Llano County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 12.8%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3830-21.1%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Llano County, you may be able to get a good deal. 82.8% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Llano County in May 2024, down by 21.1% month-over-month. Of the 29 sold homes, 83% were sold under asking, 7% were sold at asking, and 10% were sold over asking.

Days on Market for Llano County, TX

How long does it take to sell a home in Llano County, TX?

Average Sale Time

May 2023May 2024CHANGE
61 Days84 Days+37.4%

Summary: Homes in Llano County had an average of 84 days on market in May 2024, up by 37.4% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Llano County has remained consistent over time.

Summary: During May 2024, 30 homes were sold in Llano County; 33% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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