Is Leander, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Leander is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Leander, TX

How much do homes in Leander, TX cost?

Median Sold Price

$474,667

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,635(+1.0%)

Key Takeaway

Homes in Leander have sold for 1% more than they did a year ago.

Summary: The median home sold price in Leander was $474,667 in October 2024, up 1% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $392.5K$327.5K
-16.6%
2 $321.2K$340.8K
+6.1%
3 $394.9K$368K
-6.8%
4 $496.1K$519.3K
+4.7%
5+ $694.3K$710K
+2.2%

Summary: Leander housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.6%, 2 bedroom homes increased by 6.1%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 2.2%.

Median Sold Price Compared To Nearby Cities

Leander
+2.0%
Leander
+1.0%
Northwest Travis
0.2%
Cedar Park-Liberty Hill
-1.1%
Cedar Park
-1.9%

Housing Supply in Leander, TX

How many homes are available in Leander, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
641688+7.3%

Summary: The Leander real estate market had 688 homes for sale in October 2024, a 7.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 66
0.0%
3 200212
+6.0%
4 327360
+10.1%
5+ 107109
+1.9%

Summary: The Leander 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 remained the same, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 1.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
8793+6.9%

Asking Price vs. Sold Price

71 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Leander, you may be able to get a good deal. 77.2% of homes here sold below asking price last month.

Summary: A total of 93 homes were sold or pending in Leander in October 2024, up by 6.9% month-over-month. Of the 92 sold homes, 77% were sold under asking, 17% were sold at asking, and 5% were sold over asking.

Days on Market for Leander, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
57 Days67 Days+17.3%

Summary: Homes in Leander had an average of 67 days on market in Oct 2024, up by 17.3% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

37 Homes Were Sold
In 30 - 90 Days

26 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Leander has remained consistent over time.

Summary: During October 2024, 93 homes were sold in Leander; 31% of homes were sold within 30 days, 40% 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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