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 November 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

$478,310

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,025(+2.1%)

Key Takeaway

Homes in Leander have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in Leander was $478,310 in November 2024, up 2.1% from last year, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $260K$327.5K
+26.0%
2 $317.5K$379.8K
+19.6%
3 $393.3K$365.3K
-7.1%
4 $491.1K$524K
+6.7%
5+ $685.3K$714.9K
+4.3%

Summary: Leander housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26%, 2 bedroom homes increased by 19.6%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 4.3%.

Median Sold Price Compared To Nearby Cities

Leander
+2.1%
Leander
+2.0%
Cedar Park-Liberty Hill
-0.6%
Cedar Park
-1.0%
Northwest Travis
-2.0%

Housing Supply in Leander, TX

How many homes are available in Leander, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
648608-6.2%

Summary: The Leander real estate market had 608 homes for sale in November 2024, a 6.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 66
0.0%
3 199188
-5.5%
4 338322
-4.7%
5+ 10491
-12.5%

Summary: The Leander 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 decreased by 5.5%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
10585-19.0%

Asking Price vs. Sold Price

59 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

11 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. 69.4% of homes here sold below asking price last month.

Summary: A total of 85 homes were sold or pending in Leander in November 2024, down by 19.0% month-over-month. Of the 85 sold homes, 69% were sold under asking, 18% were sold at asking, and 13% 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

Nov 2023Nov 2024CHANGE
68 Days78 Days+14.1%

Summary: Homes in Leander had an average of 78 days on market in Nov 2024, up by 14.1% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

35 Homes Were Sold
In 30 - 90 Days

28 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 November 2024, 85 homes were sold in Leander; 26% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 33% 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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