Williamson County encompasses the vibrant communities of Round Rock, Georgetown, and Cedar Park. A year ago, Williamson County was defined as a Buyer’s Market; however, January 2024 reveals a shift toward a more balanced scenario.
Median Home Prices
In January 2024, the median home sold price in Williamson County was $442,441, reflecting an 11.9% decrease from the previous year. Delving deeper, the median price per square foot settled at $216.
Bedroom-wise Breakdown
Analyzing housing prices by bedroom type provides further insights. The data for January 2024 indicates a decline in prices across the board. 3-bedroom homes saw a 13.8% decrease, 4-bedroom homes decreased by 14.7%, and 5+ bedroom homes experienced a 17.7% dip compared to the previous year.
Inventory and Sales
Williamson County boasted 2,694 homes for sale in January 2024, indicating a slight 1.0% decrease from December 2023. However, the number of homes sold or pending transactions saw a significant 32.8% month-over-month drop, with 412 homes changing hands. Of these, 76% were sold under asking, 15% at asking, and 9% over asking.
Days on Market
A critical metric for buyers and sellers alike is the average days on market. In January 2024, homes in Williamson County spent an average of 78 days on the market, an 8.2% increase compared to the previous year. This statistic highlights the importance of strategic pricing and marketing for sellers in the current landscape.
- 29% of homes were sold within 30 days
- 38% within 30 to 90 days
- 32% over 90 days
In summary, Williamson County’s real estate market in January 2024 presents a balanced scenario compared to the previous year’s Buyer’s Market. While median home prices have seen a decline, the detailed analysis reveals nuances across different bedroom types. Sellers should be mindful of the extended days on market, emphasizing the importance of strategic pricing and effective marketing.
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) ®. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS 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 or ACTRIS 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.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.