Home Prices in Cedar Park TX for April 2014
Real estate market data for Cedar Park, TX provided by Mark Bowden of Keller Williams Realty Northwest Austin.
Cedar Park Home Prices
We have seen 3 straight months of listing price increases on home prices in Cedar Park and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a house in Cedar Park but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Cedar Park home on which you are making an offer.
If you are interested in how much current inventory is on the market in Cedar Park you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Cedar Park, homes have a median time of 34 days on the market before they sell. This would suggest that buyers are in a great position to make an aggresive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Cedar Park has multiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.
Cedar Park Real Estate Report Summary
The median list price in April for single family homes in Cedar Park is $368,480. The list prices increased by +0.02% from the previous month.
The price per square foot for listings in this area is $129.00.
The median sale price in April for single family homes is $248,487.
The price per square foot for sales in this area is $104.27.
Find Homes for Sale in Cedar Park TX
Visit my website to search for homes in Cedar Park or to be notified when Cedar Park homes come on the market.
To find out what you home is worth in the current market email me or call 512-537-4389.
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