The overview
Home sales in Round Rock declined by 11.8% in March, compared to this time last year. All four ZIP codes in Round Rock also saw a slight drop in median home prices.
The city’s decline in home sales follows a trend seen throughout the Austin, Round Rock and San Marcos Metropolitan Statistical Area, which experienced 9.3% fewer sales compared to March 2024, according to a news release. For the first quarter of 2025, the number of residential homes sold dropped by 9.1%.“We started the year with a continuation of similar trends that shaped the market in 2024,” Clare Knapp, housing economist for Unlock MLS and the Austin Board of Realtors, said in the news release. “However, stubbornly high mortgage rates and a weaker local labor market weighed on buyer confidence, while many sellers remained reluctant to adjust pricing expectations. That squeeze on buyer power shaped much of the activity we saw in the first quarter, reinforcing the need for greater flexibility and balance on both sides of the transaction.”
What else?
Housing inventory also increased throughout the region. In Round Rock, new listings increased by 15.9%, and months of inventory rose from 2.3 months to 3.9 months, compared to March 2024.
The MSA experienced a 9.5% increase in new home listings, while inventory rose by 0.7 months.
Brandy Wuensch, Unlock MLS and ABoR president, said in a news release that market conditions have allowed home buyers to slow down and weigh their options.
“With a wider range of listings to choose from, buyers are using this time to evaluate their choices, be selective and focus on homes that best fit their needs and lifestyle,” Wuensch said. “This shift allows buyers to be more intentional with their decisions and to plan for long-term success.”