Is Round Rock-Georgetown, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Round Rock-Georgetown is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Round Rock-Georgetown was a Seller's Market.

Key Takeaway

Round Rock-Georgetown is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Round Rock-Georgetown, TX

How much do homes in Round Rock-Georgetown, TX cost?

Median Sold Price

$460,082

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$5,404(-1.2%)

Key Takeaway

Homes in Round Rock-Georgetown have sold for 1.2% less than they did a year ago.

Summary: The median home sold price in Round Rock-Georgetown was $460,082 in October 2024, down 1.2% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $370K$453.2K
+22.5%
2 $370.8K$355K
-4.3%
3 $399.7K$390.9K
-2.2%
4 $539.7K$539.8K
0.0%
5+ $700K$700K
0.0%

Summary: Round Rock-Georgetown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.5%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Georgetown
+0.6%
Cedar Park-Liberty Hill
-1.1%
Round Rock-Georgetown
-1.2%
Round Rock
-1.8%
Cedar Park
-1.9%

Housing Supply in Round Rock-Georgetown, TX

How many homes are available in Round Rock-Georgetown, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1,9231,943+1.0%

Summary: The Round Rock-Georgetown real estate market had 1,943 homes for sale in October 2024, a 1.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 177187
+5.6%
3 779788
+1.2%
4 758757
-0.1%
5+ 206209
+1.5%

Summary: The Round Rock-Georgetown housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 1.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
314304-3.2%

Asking Price vs. Sold Price

220 Homes Were Sold
Under Asking

57 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Round Rock-Georgetown, you may be able to get a good deal. 72.4% of homes here sold below asking price last month.

Summary: A total of 304 homes were sold or pending in Round Rock-Georgetown in October 2024, down by 3.2% month-over-month. Of the 304 sold homes, 72% were sold under asking, 19% were sold at asking, and 9% were sold over asking.

Days on Market for Round Rock-Georgetown, TX

How long does it take to sell a home in Round Rock-Georgetown, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
62 Days68 Days+10.3%

Summary: Homes in Round Rock-Georgetown had an average of 68 days on market in Oct 2024, up by 10.3% compared to last year.

Breakdown of Home Sale Times

98 Homes Were Sold
Under 30 Days

122 Homes Were Sold
In 30 - 90 Days

84 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Round Rock-Georgetown has remained consistent over time.

Summary: During October 2024, 304 homes were sold in Round Rock-Georgetown; 32% 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

Newest Listings in Round Rock-Georgetown, TX

Nearby Markets to Round Rock-Georgetown, TX

What housing markets are near Round Rock-Georgetown, TX?