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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cedar Park is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Cedar Park has remained a Seller's Market.

Key Takeaway

Cedar Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cedar Park, TX

How much do homes in Cedar Park, TX cost?

Median Sold Price

$493,700

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$6,300(-1.3%)

Key Takeaway

Homes in Cedar Park have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in Cedar Park was $493,700 in December 2024, down 1.3% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $304.9K$327K
+7.2%
3 $409.1K$400K
-2.2%
4 $579.5K$589.5K
+1.7%
5+ $800K$842.7K
+5.3%

Summary: Cedar Park housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.2%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 5.3%.

Median Sold Price Compared To Nearby Cities

Leander
+4.2%
Leander
+3.0%
Northwest Travis
+2.8%
Cedar Park-Liberty Hill
-1.1%
Cedar Park
-1.3%

Housing Supply in Cedar Park, TX

How many homes are available in Cedar Park, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
247221-10.5%

Summary: The Cedar Park real estate market had 221 homes for sale in December 2024, a 10.5% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 102106
+3.9%
4 11688
-24.1%
5+ 2322
-4.3%

Summary: The Cedar Park housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 24.1%, and 5+ bedroom homes decreased by 4.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
5551-7.3%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cedar Park, you may be able to get a good deal. 84.3% of homes here sold below asking price last month.

Summary: A total of 51 homes were sold or pending in Cedar Park in December 2024, down by 7.3% month-over-month. Of the 51 sold homes, 84% were sold under asking, 8% were sold at asking, and 8% were sold over asking.

Days on Market for Cedar Park, TX

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

Average Sale Time

Dec 2023Dec 2024CHANGE
31 Days71 Days+128.2%

Summary: Homes in Cedar Park had an average of 71 days on market in Dec 2024, up by 128.2% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 51 homes were sold in Cedar Park; 31% 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 11 Days Ago

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