Is Cedar Creek-Red Rock, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cedar Creek-Red Rock is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Cedar Creek-Red Rock has remained a Buyer's Market.

Key Takeaway

Cedar Creek-Red Rock is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Cedar Creek-Red Rock, TX

How much do homes in Cedar Creek-Red Rock, TX cost?

Median Sold Price

$424,950

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,275(+4.8%)

Key Takeaway

Homes in Cedar Creek-Red Rock have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Cedar Creek-Red Rock was $424,950 in November 2024, up 4.8% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $378K$272.5K
-27.9%
2 $510K$283.5K
-44.4%
3 $352K$367.5K
+4.4%
4 $459K$528.9K
+15.2%
5+ $752.5K$464.9K
-38.2%

Summary: Cedar Creek-Red Rock housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.9%, 2 bedroom homes decreased by 44.4%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes decreased by 38.2%.

Median Sold Price Compared To Nearby Cities

Cedar Creek-Red Rock
+4.8%
Bastrop
-0.3%
Dale
-7.4%

Housing Supply in Cedar Creek-Red Rock, TX

How many homes are available in Cedar Creek-Red Rock, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
259280+8.1%

Summary: The Cedar Creek-Red Rock real estate market had 280 homes for sale in November 2024, a 8.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 1212
0.0%
3 114127
+11.4%
4 109117
+7.3%
5+ 2121
0.0%

Summary: The Cedar Creek-Red Rock housing inventory by bedroom type for November 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 11.4%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3334+3.0%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cedar Creek-Red Rock, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in Cedar Creek-Red Rock in November 2024, up by 3.0% month-over-month. Of the 34 sold homes, 71% were sold under asking, 24% were sold at asking, and 6% were sold over asking.

Days on Market for Cedar Creek-Red Rock, TX

How long does it take to sell a home in Cedar Creek-Red Rock, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
160 Days73 Days-54.2%

Summary: Homes in Cedar Creek-Red Rock had an average of 73 days on market in Nov 2024, down by 54.2% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Cedar Creek-Red Rock has remained consistent over time.

Summary: During November 2024, 34 homes were sold in Cedar Creek-Red Rock; 32% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 29% 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 20 Days Ago

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