Is Llano North, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Llano North is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, Llano North has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Llano North, TX

How much do homes in Llano North, TX cost?

Median Sold Price

$412,500

$244/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$68,500(-14.2%)

Key Takeaway

Homes in Llano North have sold for 14.2% less than they did a year ago.

Summary: The median home sold price in Llano North was $412,500 in October 2024, down 14.2% from last year, and the median price per square foot was $244.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $190K$173.4K
-8.7%
2 $330K$286K
-13.3%
3 $472.5K$396.9K
-16.0%
4 $1.6M$850.7K
-48.8%
5+ $2.9M$2.5M
-14.9%

Summary: Llano North housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 16%, 4 bedroom homes decreased by 48.8%, and 5+ bedroom homes decreased by 14.9%.

Median Sold Price Compared To Nearby Cities

Kingsland
0.3%
Llano South
-3.5%
Llano North
-14.2%

Housing Supply in Llano North, TX

How many homes are available in Llano North, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
99109+10.1%

Summary: The Llano North real estate market had 109 homes for sale in October 2024, a 10.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 54
-20.0%
2 2221
-4.5%
3 3844
+15.8%
4 2122
+4.8%
5+ 1318
+38.5%

Summary: The Llano North housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 38.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
89+12.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Llano North, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Llano North in October 2024, up by 12.5% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.

Days on Market for Llano North, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
32 Days97 Days+202.6%

Summary: Homes in Llano North had an average of 97 days on market in Oct 2024, up by 202.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Llano North are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 9 homes were sold in Llano North; 33% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 56% 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

Newest Listings in Llano North, TX

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