Cherry Creek vs. Austin and Travis County Markets

Cherry Creek homes sold for a median of $499,000 across 96 transactions in the trailing 12 months, a figure that sits just below the $500,500 median for Travis County and significantly above the regional average of $397,794. This performance reflects a distinct market dynamic where Cherry Creek buyers are paying an average of $303 per square foot, compared to $245 in Travis County and $197 across the broader region. ALEX Intelligence analyzed the supply gap by comparing 163 new listings against 96 closed sales over the same period. The data indicates a tighter inventory environment locally, with only 26 active homes currently on the market. This scarcity supports a months of inventory reading of 2.94, suggesting a balanced to slightly seller-favorable condition compared to broader regional trends where activity levels often fluctuate more widely. Price negotiation patterns also diverge from the wider area. In Cherry Creek, 79.2% of homes sold below their original list price, a slight increase from the prior period but consistent with the 83.1% rate seen across the region. The median sale-to-list ratio stood at 0.96, indicating that while buyers still negotiate down, the gap between asking and selling prices has remained stable over the last year. The market also shows a shift in property characteristics. The median living area for sold homes rose to 1,574 square feet, up 2.5% from the prior period, suggesting a preference for slightly larger floor plans within this price tier. Meanwhile, the time to sell has accelerated, with the median days on market dropping to 33 days, a 19.5% improvement over the previous year. Current mortgage rates stand at 7.11% according to Freddie Mac data from the week of November 12, 2026. For a buyer purchasing a median-priced home in Cherry Creek with a 20% down payment, the principal and interest payment would be approximately $2,685 per month. Buyers utilizing a 3-2-1 buydown could reduce that initial monthly cost to $1,931 for the first year, though this strategy carries a total upfront cost of roughly $18,384. Want more detail on Cherry Creek, Austin? Ask George for the full neighborhood report. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. Read more Central Texas market data on the ALEX blog: https://alex-companies.com/blog