Is Cedar Park, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Cedar Park has remained a Seller's Market.
Key Takeaway
Cedar Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cedar Park, TX
How much do homes in Cedar Park, TX cost?
Median Sold Price
$497,802
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cedar Park have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in Cedar Park was $497,802 in May 2024, down 3.4% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | - | N/A |
| 2 Bedrooms | $355K | $314.5K | -11.4% |
| 3 Bedrooms | $427.7K | $400.4K | -6.4% |
| 4 Bedrooms | $599.2K | $595K | -0.7% |
| 5+ Bedrooms | $876.5K | $825.5K | -5.8% |
Summary: Cedar Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.4%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Cities
| Northwest Travis | $732.3K | $714.9K | -2.4% |
| Cedar Park | $515.3K | $497.8K | -3.4% |
| Cedar Park-Liberty Hill | $476.3K | $449.9K | -5.5% |
| Leander | $499.1K | $469.2K | -6.0% |
| Leander | $497.9K | $462.6K | -7.1% |
Housing Supply in Cedar Park, TX
How many homes are available in Cedar Park, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 320 | 375 | +17.2% |
Summary: The Cedar Park real estate market had 375 homes for sale in May 2024, a 17.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 11 | +57.1% |
| 3 Bedrooms | 143 | 171 | +19.6% |
| 4 Bedrooms | 126 | 139 | +10.3% |
| 5+ Bedrooms | 44 | 54 | +22.7% |
Summary: The Cedar Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 22.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 86 | 89 | +3.5% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Park, you may be able to get a good deal. 46.1% of homes here sold below asking price last month.
Summary: A total of 89 homes were sold or pending in Cedar Park in May 2024, up by 3.5% month-over-month. Of the 89 sold homes, 46% were sold under asking, 24% were sold at asking, and 30% were sold over asking.
Days on Market for Cedar Park, TX
How long does it take to sell a home in Cedar Park, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 25 Days | -16.1% |
Summary: Homes in Cedar Park had an average of 25 days on market in May 2024, down by 16.1% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cedar Park are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 89 homes were sold in Cedar Park; 70% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.