Leander, Liberty Hill home prices drop as sales slow year over year in August

Median home prices in Leander and Liberty Hill were down year over year in August, homes lingered on the market longer and fewer were sold compared to last year, according to data from the Austin Board of Realtors.

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Year-over-year median home prices in both cities dropped with a nearly 9% drop in Liberty Hill's 78642 ZIP code and a 16% drop in Leander's 78641 ZIP code.

ABoR data also shows the majority of homes were sold for between $300,000-$499,999 in August with 84 sold in this range in Leander and 31 in Liberty Hill.

Despite the price drop, fewer homes were sold compared to last year. Between the two ZIP codes, 78641 had the bigger drop in year-over-year sales.

Additionally, homes sat on the market longer this August compared to last. Homes in the 78642 ZIP code stayed on the market more than twice as many days as last year.