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 buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Round Rock-Georgetown, TX

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

Median Sold Price

$459,844

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$4,609(-1.0%)

Key Takeaway

Homes in Round Rock-Georgetown have sold for 1% less than they did a year ago.

Summary: The median home sold price in Round Rock-Georgetown was $459,844 in November 2024, down 1% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $445K$350.9K
-21.1%
2 $365K$350.6K
-3.9%
3 $399.1K$390K
-2.3%
4 $536.1K$539.9K
+0.7%
5+ $685K$712.7K
+4.1%

Summary: Round Rock-Georgetown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.1%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 4.1%.

Median Sold Price Compared To Nearby Cities

Georgetown
+1.3%
Cedar Park-Liberty Hill
-0.6%
Round Rock-Georgetown
-1.0%
Cedar Park
-1.0%
Round Rock
-1.9%

Housing Supply in Round Rock-Georgetown, TX

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1,8761,803-3.9%

Summary: The Round Rock-Georgetown real estate market had 1,803 homes for sale in November 2024, a 3.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 185178
-3.8%
3 749716
-4.4%
4 728702
-3.6%
5+ 213206
-3.3%

Summary: The Round Rock-Georgetown 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 decreased by 3.8%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 3.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
332241-27.4%

Asking Price vs. Sold Price

172 Homes Were Sold
Under Asking

49 Homes Were Sold
At Asking

20 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. 71.4% of homes here sold below asking price last month.

Summary: A total of 241 homes were sold or pending in Round Rock-Georgetown in November 2024, down by 27.4% month-over-month. Of the 241 sold homes, 71% were sold under asking, 20% were sold at asking, and 8% 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

Nov 2023Nov 2024CHANGE
74 Days73 Days-0.9%

Summary: Homes in Round Rock-Georgetown had an average of 73 days on market in Nov 2024, down by 0.9% compared to last year.

Breakdown of Home Sale Times

78 Homes Were Sold
Under 30 Days

87 Homes Were Sold
In 30 - 90 Days

76 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 November 2024, 241 homes were sold in Round Rock-Georgetown; 32% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 32% 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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