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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Llano South is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Llano South, TX

How much do homes in Llano South, TX cost?

Median Sold Price

$679,150

$308/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$24,850(-3.5%)

Key Takeaway

Homes in Llano South have sold for 3.5% less than they did a year ago.

Summary: The median home sold price in Llano South was $679,150 in October 2024, down 3.5% from last year, and the median price per square foot was $308.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $323.5K$258K
-20.3%
2 $322.5K$424.9K
+31.8%
3 $704K$675K
-4.1%
4 $1.1M$1.8M
+57.3%
5+ $4.5M$2.5M
-43.2%

Summary: Llano South housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.3%, 2 bedroom homes increased by 31.8%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 57.3%, and 5+ bedroom homes decreased by 43.2%.

Median Sold Price Compared To Nearby Cities

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

Housing Supply in Llano South, TX

How many homes are available in Llano South, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
181203+12.2%

Summary: The Llano South real estate market had 203 homes for sale in October 2024, a 12.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 88
0.0%
2 3537
+5.7%
3 7886
+10.3%
4 4352
+20.9%
5+ 1720
+17.6%

Summary: The Llano South 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 increased by 5.7%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes increased by 17.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1217+41.7%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Llano South, you may be able to get a good deal. 88.2% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Llano South in October 2024, up by 41.7% month-over-month. Of the 17 sold homes, 88% were sold under asking, 12% were sold at asking, and 0% were sold over asking.

Days on Market for Llano South, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
72 Days157 Days+117.3%

Summary: Homes in Llano South had an average of 157 days on market in Oct 2024, up by 117.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 17 homes were sold in Llano South; 0% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 65% 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 South, TX

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