Is Cedar Creek-Red Rock, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cedar Creek-Red Rock has remained a Buyer's Market.
Housing Prices in Cedar Creek-Red Rock, TX
How much do homes in Cedar Creek-Red Rock, TX cost?
Median Sold Price
$431,326
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cedar Creek-Red Rock was $431,326 in April 2024, up 0.4% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $228.5K | $295K | +29.1% |
2 Bedrooms | $339.5K | $440K | +29.6% |
3 Bedrooms | $389K | $365K | -6.2% |
4 Bedrooms | $535K | $505K | -5.6% |
5+ Bedrooms | $750K | $735K | -2.0% |
Summary: Cedar Creek-Red Rock housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.1%, 2 bedroom homes increased by 29.6%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
Bastrop | $392.9K | $399.6K | +1.7% |
Cedar Creek-Red Rock | $429.4K | $431.3K | 0.4% |
Housing Supply in Cedar Creek-Red Rock, TX
How many homes are available in Cedar Creek-Red Rock, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
187 | 229 | +22.5% |
Summary: The Cedar Creek-Red Rock real estate market had 229 homes for sale in April 2024, a 22.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 6 | 11 | +83.3% |
3 Bedrooms | 76 | 97 | +27.6% |
4 Bedrooms | 90 | 99 | +10.0% |
5+ Bedrooms | 13 | 19 | +46.2% |
Summary: The Cedar Creek-Red Rock housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 83.3%, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 46.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 25 | +38.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Cedar Creek-Red Rock in April 2024, up by 38.9% month-over-month. Of the 25 sold homes, 44% were sold under asking, 40% were sold at asking, and 16% were sold over asking.
Days on Market for Cedar Creek-Red Rock, TX
How long does it take to sell a home in Cedar Creek-Red Rock, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 112 Days | +72.0% |
Summary: Homes in Cedar Creek-Red Rock had an average of 112 days on market in Apr 2024, up by 72% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Cedar Creek-Red Rock; 48% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.