Are you looking to buy or sell a home in Cedar Park, Texas? If so, you'll want to be aware of the current real estate trends and prices in the area. In this article, we'll review the most recent real estate statistics for the Cedar Park housing market, discuss what happened to mortgage rates last week, and consider who will be moving to the 78717 area. On average, homes in Cedar Park sell after 38 days on the market. This figure represents a decrease from the list price of 8% recorded in July and 12% from the list price in June, indicating that the market is transitioning towards a more normal market.
The most expensive house was sold in The Ranch At Brushy Creek and the least expensive house was sold in Blue Oaks Estates. As of July 5th, there were 255 active homes for sale in Cedar Park, up from 209 active homes a month ago, and 95 homes under contract. The average sale price fell by 6.7% and the average sale price of real estate in Cedar Park fell by 9.9%. January is usually a good time to buy a home because many real estate agents and home sellers price their home in October or November and don't reassess the market in January. This represents a large increase in the number of active listings compared to the 45 active listings in Cedar Park on April 4th.
The smallest house at 999 square feet was located in Cedar Park Square and the largest house at 4,858 square feet was at Ranch at Deer Creek. It's important to be mindful of what people are listening to, as the market has become too negative in my opinion. You'll want an experienced real estate agent to help you navigate this new market, get you the best price, and have the skills needed to successfully close the sale. Since fewer large homes are sold in Cedar Park this time of year, when analyzing real estate statistics, it's important to understand that your home may sell in October for a higher price than it would have sold in September, even if the average prices are lower. In conclusion, it's essential to keep up with real estate trends and demand when considering buying or selling a home in Cedar Park. With an experienced real estate agent by your side, you can get the best price for your home and successfully close the sale.
It's also important to understand that prices may vary depending on when you buy or sell your home.