Is Round Rock, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Round Rock is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Round Rock has remained a Seller's Market.

Key Takeaway

Round Rock is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Round Rock, TX

How much do homes in Round Rock, TX cost?

Median Sold Price

$441,926

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$8,074(-1.8%)

Key Takeaway

Homes in Round Rock have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in Round Rock was $441,926 in May 2024, down 1.8% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $255K$454.4K
+78.2%
2 $345K$369.9K
+7.2%
3 $392.5K$375K
-4.5%
4 $520K$512.9K
-1.4%
5+ $701.5K$615K
-12.3%

Summary: Round Rock housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 78.2%, 2 bedroom homes increased by 7.2%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 12.3%.

Median Sold Price Compared To Nearby Cities

Georgetown
-1.2%
Round Rock
-1.8%
Round Rock-Georgetown
-4.8%
Pflugerville
-6.1%
Northeast Travis
-6.4%

Housing Supply in Round Rock, TX

How many homes are available in Round Rock, TX?

Number of Homes For Sale

Apr 2024May 2024CHANGE
653774+18.5%

Summary: The Round Rock real estate market had 774 homes for sale in May 2024, a 18.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 3940
+2.6%
3 271332
+22.5%
4 266305
+14.7%
5+ 7797
+26.0%

Summary: The Round Rock 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 2.6%, 3 bedroom homes increased by 22.5%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 26%.

Number of Homes Sold

Apr 2024May 2024CHANGE
164171+4.3%

Asking Price vs. Sold Price

93 Homes Were Sold
Under Asking

42 Homes Were Sold
At Asking

36 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Round Rock, you may be able to get a good deal. 54.4% of homes here sold below asking price last month.

Summary: A total of 171 homes were sold or pending in Round Rock in May 2024, up by 4.3% month-over-month. Of the 171 sold homes, 54% were sold under asking, 25% were sold at asking, and 21% were sold over asking.

Days on Market for Round Rock, TX

How long does it take to sell a home in Round Rock, TX?

Average Sale Time

May 2023May 2024CHANGE
59 Days26 Days-56.0%

Summary: Homes in Round Rock had an average of 26 days on market in May 2024, down by 56% compared to last year.

Breakdown of Home Sale Times

125 Homes Were Sold
Under 30 Days

35 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Round Rock are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 171 homes were sold in Round Rock; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

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