Cedar Park, Leander housing market slows, but prices continued up in October

Average home prices increased 38% in both Cedar Park and Leander this October compared to October 2020 home prices. Pictured are homes in the Summerlyn neighborhood. (Taylor Girtman/Community Impact Newspaper)
Average home prices increased 38% in both Cedar Park and Leander this October compared to October 2020 home prices. Pictured are homes in the Summerlyn neighborhood. (Taylor Girtman/Community Impact Newspaper)

Average home prices increased 38% in both Cedar Park and Leander this October compared to October 2020 home prices. Pictured are homes in the Summerlyn neighborhood. (Taylor Girtman/Community Impact Newspaper)

The number of home sales declined in Cedar Park and Leander in October compared to October 2020 sales, according to a Nov. 18 Austin Board of Realtors report.

However, the average home price increased 38% in both Cedar Park and Leander this October compared to October 2020 home prices.

In Cedar Park, 84 homes were sold in October—a 22% decrease from 2020. The average home price was $530,586, which is a 38% increase from October 2020 and up from $518,489 in September of this year. There are 0.6 months of inventory and 56 active listings in Cedar Park, according to the October data report.

October sales in Leander decreased 31% from 2020 with 105 closed sales, but the average price reached $526,248—a 38% year over year increase. There were 0.6 months of inventory and 69 active listings, according to the report.

Leander homes sold were primarily existing homes with 89 existing home sales and 17 new construction sales.


Cedar Park homes, including single-family homes, townhomes and condos, spent an average of 18 days on the market in October. Leander homes spent 20 days on the market.

Home sales decreased 12% across the Austin metro area in October year over year. However, the median sales price rose 25% year over year to $455,000, which is an October record, according to ABoR.

Across Williamson County, home sales decreased 4.4% from October 2020 with 1,170 sales. The average home price increased 33.4% to $473,157—an average price lower than in Cedar Park or Leander alone.

ABoR President Susan Horton said in the release that buyers and sellers can see a glimpse of what to expect going forward.

"More new listings are hitting the market, a trend that we have seen continuously for the past eight months, and when coupled with fewer closings across the [metropolitan statistical area], prospective buyers have more options," Horton said.
By Taylor Girtman

Reporter, Cedar Park and Leander

Taylor Girtman became the reporter for the Cedar Park-Leander edition in February 2020. She has a bachelor's degree in journalism from the University of Florida.



MOST RECENT

Tewbeleaux's Cajun Grill opened in Northwest Austin on Nov. 2. (Courtesy Adobe Stock)
CI TEXAS ROUNDUP: Tewbeleaux's Cajun Grill opens first Central Texas location in Northwest Austin; House of Pies opens in Cypress and more top news

Take a look at the top five trending stories across Community Impact Newspaper’s coverage areas in Texas as of Dec. 8.

Pitmaster Orie King serves up a brisket platter at OG’s Barbeque at the Cedar Pork food truck park. (Leila Saidane/Community Impact Newspaper)
Mixed cuisine food truck park fills ‘food void’ in Cedar Park

Cedar Pork Food Park offers bbq, burgers, tacos and more.

Williamson County Commissioners Court will discuss allocating the remaining CARES Act funding during its Dec. 14 meeting. (Claire Shoop/Community Impact Newspaper)
Williamson County officials discuss how to spend remaining federal coronavirus relief funding

County Treasurer Scott Heselmeyer said the county has approximately $18 million remaining of the $93.4 million Williamson County received from the CARES Act.

The Gringo's location in Katy is pictured. A new Conroe location is planned for late 2022. (Courtesy NewQuest Properties)
CI TEXAS ROUNDUP: Gringo's restaurant confirmed for Conroe Waterfront Center; Austin’s longest-standing H-E-B to be rebuilt and more top news

Take a look at the top five trending stories across Community Impact Newspaper’s coverage areas in Texas as of Dec. 7.

The neighborhood has a pool, clubhouse and playground on Heritage Park Drive.
Featured neighborhood: Heritage Park

Take a peek inside this Cedar Park neighborhood.

US Attorney General Merrick Garland and US Associate Attorney General Vanita Gupta announced the lawsuit against Texas on Dec. 6. (Screenshot courtesy of Department of Justice)
U.S. Dept. of Justice lawsuit alleges Texas' redistricting maps discriminate against voters of color

The suit alleges that the Texas Legislature redrew the maps to reduce voters of colors' influence on elections.

The 6.5-mile project will be an important connection for the pedestrian, bicycle and transit networks, according to city officials. (Courtesy Austin Public Works)
CI TEXAS ROUNDUP: City of Austin begins design of urban trail on abandoned rail corridor; 12 things to do in and around New Braunfels this holiday season and more top news

Take a look at the top five trending stories across Community Impact Newspaper’s coverage areas in Texas as of Dec. 6.

Consuelo Mendez Middle School has consistently received poor ratings from the Texas Education Agency. (Community Impact Newspaper)
CI TEXAS ROUNDUP: State could take over AISD school board if poorly-rated campus does not improve; new furniture store to open in McKinney and more top news

Take a look at the top five trending stories across Community Impact Newspaper’s coverage areas in Texas as of Dec. 3.

Derrick Chubbs is leaving Austin for a food bank in Florida. (Courtsey Central Texas Food Bank)
Central Texas Food Bank CEO Derrick Chubbs steps down

Derrick Chubbs is leaving Austin for a food bank in Florida.

A mosquito trap tested positive for West Nile virus Dec. 2 in Cedar Park near RM 1431 and West New Hope Road, according to the Williamson County and Cities Health District. (Courtesy Pexels)
Mosquito trap in Cedar Park tests positive Dec. 2 for West Nile virus

This is the second positive test reported in Williamson County this week.

The work is expected to last into early 2026. (Amy Denney/Community Impact Newspaper)
183 North project on track to begin in early 2022

The project will add two tolled and one non-tolled lane in each direction.