February 14, 2017

February 2017 Cedar Park, TX Real Estate Market Conditions

By Cliff Hahn, Broker

The population of Cedar Park rose 35.5 percent from 2010 to 2015 eclipsing the 50,000 resident mark. Known as one of the fastest growing towns in the nation and one of the best homebuyer opportunities, Cedar Park continues to be in high demand due to the nearby health care facilities, quality schools and it’s location to 183A and other commute routes.

Home pricing is still attractive since the median house price remains lower than the Austin market. Since Cedar Park does not have the room to expand as nearby Leander does, look for home prices to increase more through 2017 because of the amount of inventory and the increasing buyer demand.

The good news is Cedar Park still has that hometown, everything’s nearby feeling. People are friendly and local businesses are thriving.  Not to mention the number of good places to dine and drink within reach of just about every community.

New communities planned are West Park off Lakeline Boulevard and Whitestone Landing to the east on Parmer. Our advice to buyers considering to buy in Cedar Park is to buy now.  Remember, Cedar Park is included in the top rated Leander ISD.  Many homebuyers plan to stay, yes buying their destination homes, sooner.

For the last 30 days, according to the Austin Board of Realtors MLS as of   2/14/2017

                                                                                       JANUARY            FEBRUARY        

Number of Cedar Park homes for sale:                              133                       139

Number of homes sold:                                                        86                         62

Average days on the market for sold homes                       56                         35

Median price of homes for sale:                                       $410,000            $399,900  

Average price of homes for sale:                                     $433,566            $431,674                 

Median price of homes sold:                                            $275,775            $261,250                                

Average price of homes sold:                                           $305,324            $298,964

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