January 13, 2017

January 2017 Cedar Park, TX Real Estate Market Conditions

By Cliff Hahn, Broker
Buyers who experience sticker shock on Austin new homes for sale are finding their haven and sweet spot to invest in homes in this wonderful community. Still among the fastest growing cities in America, Cedar Park offers a true hometown community feel with extensive build out and much welcome retail, office and restaurants. Cedar Park is the 3rd largest city in the Austin/Central Texas market, known for top rated schools in the Leander ISD, a very pro-business climate and relaxed casual family environment. Family Circle magazine rates Cedar Park in the top 10 places to raise a family offering all the beauty of the hill country and a conservative city government. More than surrounding communities, Cedar Park’s business attitude is a key part of its attraction to business and available homes for employees. It’s home to many of the most successful and advanced manufacturing firms like MD Totco, 3PS and Flame Technologies, Mystic Pharmaceuticals, EEStor, Integrated Bank Technology and Fallbrook Technologies, just to name a few. As a resident I can say everything you need is nearby, plus a busy Cedar Park Medical Center along with a super Wal-Mart, Costco and soon to open The Parke which is 40 acres of restaurants and retailers. New Home Builders don’t have as much room to expand compared to Leander and Liberty Hill, but buyers can still find unique Austin new home communities flush with amenities in this fine location within 8 miles of downtown Austin.

Cedar Park, TX Real Estate Market Conditions for the last 30 days, according to the Austin Board of Realtors MLS as of 1/13/2017:

Number of Cedar Park homes for sale: 133
Number of homes sold: 86
Average days on the market for sold homes: 56
Median price of homes for sale: $410,000
Average price of homes for sale: $433,566
Median price of homes sold: $275,775
Average price of homes sold: $305,324
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