Average home prices increased 46.7% in Cedar Park and 47.1% in Leander this August compared to August 2020 home prices.
In Cedar Park, 126 homes sold in August—a 21.2% increase from 2020. The average home price was $548,491, which is down from $576,203 in July and a 46.7% increase from August 2020. There were 0.8 months of inventory and 77 active listings in Cedar Park, according to the August data report.
August home sales in Leander decreased 28.8% from 2020, but the average price reached $539,258—a 47.1% year over year increase. There were 0.7 months of inventory and 79 active listings, according to the report.
Cedar Park homes, including single-family homes, townhomes and condos, spent an average of 9 days on the market in August. Leander homes spent 13 days on the market.
Similar to in Leander, home sales decreased 4.6% across the Austin metro area in August year over year. However, the median sales price increased 34.7% year over year to $470,000, which is an August record, according to ABoR.
“The region’s housing market is calming compared to the hectic pace experienced at the beginning of the year,” ABoR President Susan Horton said in the release. “While it wouldn’t be appropriate to say market conditions are normalizing—inventory is still at an all-time low and homes are still selling as soon as they hit the market—August’s housing activity is closer to what we would typically experience in the fall."
