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 November 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

$447,391

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$2,750(-0.6%)

Key Takeaway

Homes in Cedar Park-Liberty Hill have sold for 0.6% less than they did a year ago.

Summary: The median home sold price in Cedar Park-Liberty Hill was $447,391 in November 2024, down 0.6% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $321.2K$345K
+7.4%
3 $390K$380K
-2.6%
4 $489.5K$499.9K
+2.1%
5+ $633.2K$680K
+7.4%

Summary: Cedar Park-Liberty Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.4%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 7.4%.

Median Sold Price Compared To Nearby Cities

Leander
+2.1%
Leander
+2.0%
Cedar Park-Liberty Hill
-0.6%
Cedar Park
-1.0%
Round Rock-Georgetown
-1.0%

Housing Supply in Cedar Park-Liberty Hill, TX

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
849781-8.0%

Summary: The Cedar Park-Liberty Hill real estate market had 781 homes for sale in November 2024, a 8.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 810
+25.0%
3 351313
-10.8%
4 390373
-4.4%
5+ 9984
-15.2%

Summary: The Cedar Park-Liberty Hill 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 increased by 25%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 15.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
152119-21.7%

Asking Price vs. Sold Price

88 Homes Were Sold
Under Asking

15 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. 73.9% of homes here sold below asking price last month.

Summary: A total of 119 homes were sold or pending in Cedar Park-Liberty Hill in November 2024, down by 21.7% month-over-month. Of the 119 sold homes, 74% were sold under asking, 13% were sold at asking, and 13% 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

Nov 2023Nov 2024CHANGE
69 Days70 Days+2.0%

Summary: Homes in Cedar Park-Liberty Hill had an average of 70 days on market in Nov 2024, up by 2% compared to last year.

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

47 Homes Were Sold
In 30 - 90 Days

34 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Cedar Park-Liberty Hill has remained consistent over time.

Summary: During November 2024, 119 homes were sold in Cedar Park-Liberty Hill; 32% of homes were sold within 30 days, 39% 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 17 Days Ago

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