Is Round Rock-Georgetown, 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, Round Rock-Georgetown has remained a Seller's Market.
Housing Prices in Round Rock-Georgetown, TX
How much do homes in Round Rock-Georgetown, TX cost?
Median Sold Price
$460,018
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Round Rock-Georgetown was $460,018 in May 2024, down 4.8% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $374K | $449.7K | +20.2% |
2 Bedrooms | $384.8K | $356K | -7.5% |
3 Bedrooms | $420.1K | $396K | -5.7% |
4 Bedrooms | $554.9K | $540.7K | -2.6% |
5+ Bedrooms | $735.8K | $680K | -7.6% |
Summary: Round Rock-Georgetown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.2%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 7.6%.
Median Sold Price Compared To Nearby Cities
Georgetown | $455K | $449.6K | -1.2% |
Round Rock | $450K | $441.9K | -1.8% |
Cedar Park | $515.3K | $497.8K | -3.4% |
Round Rock-Georgetown | $483.2K | $460K | -4.8% |
Cedar Park-Liberty Hill | $476.3K | $449.9K | -5.5% |
Housing Supply in Round Rock-Georgetown, TX
How many homes are available in Round Rock-Georgetown, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,838 | 2,080 | +13.2% |
Summary: The Round Rock-Georgetown real estate market had 2,080 homes for sale in May 2024, a 13.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 197 | 221 | +12.2% |
3 Bedrooms | 709 | 789 | +11.3% |
4 Bedrooms | 746 | 833 | +11.7% |
5+ Bedrooms | 183 | 234 | +27.9% |
Summary: The Round Rock-Georgetown 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 12.2%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 27.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
379 | 364 | -4.0% |
Asking Price vs. Sold Price
224 Homes Were Sold
Under Asking
77 Homes Were Sold
At Asking
63 Homes Were Sold
Over Asking
Summary: A total of 364 homes were sold or pending in Round Rock-Georgetown in May 2024, down by 4.0% month-over-month. Of the 364 sold homes, 62% were sold under asking, 21% were sold at asking, and 17% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
61 Days | 49 Days | -19.5% |
Summary: Homes in Round Rock-Georgetown had an average of 49 days on market in May 2024, down by 19.5% compared to last year.
Breakdown of Home Sale Times
215 Homes Were Sold
Under 30 Days
94 Homes Were Sold
In 30 - 90 Days
55 Homes Were Sold
Over 90 Days
Summary: During May 2024, 364 homes were sold in Round Rock-Georgetown; 59% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.