Is Cedar Park-Liberty Hill, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cedar Park-Liberty Hill is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Cedar Park-Liberty Hill was a Seller's Market.

Key Takeaway

Cedar Park-Liberty Hill is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Cedar Park-Liberty Hill, TX

How much do homes in Cedar Park-Liberty Hill, TX cost?

Median Sold Price

$445,268

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$4,868(-1.1%)

Key Takeaway

Homes in Cedar Park-Liberty Hill have sold for 1.1% less than they did a year ago.

Summary: The median home sold price in Cedar Park-Liberty Hill was $445,268 in October 2024, down 1.1% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $325K$328.5K
+1.1%
3 $390.4K$380K
-2.7%
4 $489.9K$498.9K
+1.8%
5+ $650K$670K
+3.1%

Summary: Cedar Park-Liberty Hill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.1%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 3.1%.

Median Sold Price Compared To Nearby Cities

Leander
+2.0%
Leander
+1.0%
Cedar Park-Liberty Hill
-1.1%
Round Rock-Georgetown
-1.2%
Cedar Park
-1.9%

Housing Supply in Cedar Park-Liberty Hill, TX

How many homes are available in Cedar Park-Liberty Hill, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
841896+6.5%

Summary: The Cedar Park-Liberty Hill real estate market had 896 homes for sale in October 2024, a 6.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1110
-9.1%
3 346372
+7.5%
4 383412
+7.6%
5+ 100101
+1.0%

Summary: The Cedar Park-Liberty Hill housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
132137+3.8%

Asking Price vs. Sold Price

95 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cedar Park-Liberty Hill, you may be able to get a good deal. 69.9% of homes here sold below asking price last month.

Summary: A total of 137 homes were sold or pending in Cedar Park-Liberty Hill in October 2024, up by 3.8% month-over-month. Of the 136 sold homes, 70% were sold under asking, 18% were sold at asking, and 12% were sold over asking.

Days on Market for Cedar Park-Liberty Hill, TX

How long does it take to sell a home in Cedar Park-Liberty Hill, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
47 Days60 Days+26.2%

Summary: Homes in Cedar Park-Liberty Hill had an average of 60 days on market in Oct 2024, up by 26.2% compared to last year.

Breakdown of Home Sale Times

49 Homes Were Sold
Under 30 Days

48 Homes Were Sold
In 30 - 90 Days

39 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cedar Park-Liberty Hill are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 137 homes were sold in Cedar Park-Liberty Hill; 36% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 28% 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 16 Days Ago

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