The median price of homes sold in Round Rock dropped in August, according to data by Unlock MLS.

The gist

The housing market in Round Rock saw median home prices drop year over year in all four ZIP codes, while the average number of days homes spent on market increased in all four ZIP codes. This differs from the trend seen across the Austin metro, where prices slightly increased by 1.7% in August.The price drop comes as Round Rock’s homes actively listed for sale increased by around 16%. Meanwhile, the number of homes sold fluctuated throughout the city, with three ZIP codes seeing an increase. The market for ZIP code 78681 saw the largest increase, with 65 homes sold this August compared to the 47 homes sold in August 2024.Pending sales also rose from 165 to 187.

What they’re saying

“The market is showing healthy movement as we head into fall, and August’s data reflects growing buyer confidence even as overall sales volumes ease,” Vaike O’Grady, research advisor at Unlock MLS, said in a news release. “If the Fed lowers rates [Sept. 17] as expected, we could see renewed interest from buyers, especially those exploring adjustable-rate mortgages, which tend to respond more quickly to those kinds of changes.”

As anticipated, the Federal Reserve announced Sept. 17 the target range for the federal funds rate was lowered by 0.25 percentage points—4% to 4.25%. This is the first time the Fed has cut rates since late 2024.

O’Grady said in the release that even a small rate cut can improve affordability and prompt more buyers to re-renter the housing market.