Median price of a Leander-Cedar Park home surpasses $500K

See how Leander and Cedar Park real estate fared in April. (Ali Linan/Community Impact Newspaper)
See how Leander and Cedar Park real estate fared in April. (Ali Linan/Community Impact Newspaper)

See how Leander and Cedar Park real estate fared in April. (Ali Linan/Community Impact Newspaper)

Central Texas continues to see residential home prices rise one year after the stay-at-home orders were implemented.

In April, home sales in the Austin Round-Rock metropolitan statistical area hit a record, increasing 37.2% year over year to 3,604 sales, while the median sales price rose 41.6% year over year to an all-time high of $460,000, according to April Austin Board of Realtors data.

While the stay-at-home orders of April 2020 due to the coronavirus pandemic impacted sales and resulted in higher year-over-year percentage growth by comparison, median prices continue to rise, and inventory continues to remain low, data shows.

In Leander, residential sales increased 34.6% year over year and the median price rose 74.3% to $502,500. Leander also was reported to have 0.4 months of housing inventory, up 0.2 months of inventory from the month prior, the report said.

The average price per square foot of a Leander home is $209, up 41.8% from the year prior.

For Cedar Park, residential sales increased 81.4% year over year. The median price in the area continued to rise, increasing 49% year over year to $520,000. Cedar Park also was reported to have 0.6 months of housing inventory, up from 0.3 the month prior, the report said.

The average price per square foot of a Cedar Park home is $226, up 43.1% from the year prior.

According to the data, Williamson County April home sales increased 34%, and sales dollar volume soared 92.3% to nearly $573.49 million. The median price rose 45.4% to $430,000.

In addition, housing inventory declined 1.5 months year over year to 0.5 months of inventory, it said.

“One year ago, shelter-in-place orders effectively ground real estate transactions to a halt, leaving uncertainty in the market,” ABoR President Susan Horton said in a news release. “Although striking at face value, last month’s housing market activity demonstrates not only a strong recovery since last spring, but significant growth beyond that recovery.”
By Ali Linan
Ali Linan began covering Georgetown for Community Impact Newspaper in 2018. Her reporting focuses on education and Williamson County. Ali hails from El Paso and graduated from Syracuse University in 2017.


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