Inventory in Cedar Park has been growing, with 199 homes on the market in February and a 14.37% rise from the prior month, even as levels sit below the 3,607 homes available across Williamson County. Buyer activity is cooler, with 59 pending sales and a 43.27% year-over-year drop in contracts, while homes now spend a median of 83 days on market despite a sharp month-over-month decline of 33.06%.
Pricing is adjusting to this slower pace, as the typical home value in Cedar Park has declined 14.66% over the past year to about $460,000 and is projected to edge down to $442,500. Sellers are seeing buyers negotiate, with the average sale-to-list ratio at roughly 96.3%, only about 6.7% of homes selling above list, and about 20.6% of listings needing a price cut.
List prices, however, have moved upward recently, with the median list price at $499,450 in February and up 14.29% month over month, and projections suggesting a rise toward $530,675 even as typical values soften. Compared with Williamson County’s typical value of $395,000, Cedar Park still commands a premium, though both areas are seeing year-over-year declines. In a seller-leaning market gauge of 34 with 4.4 months of supply and 83 new listings down 26.55% from last year, both buyers and sellers can benefit from Agent Pronto’s help in finding an experienced local agent to navigate these shifting conditions.
