Cedar Park vs. Neighbors: Prices Dip as Days on Market Rise

Cedar Park's median home price dropped 9.9% compared to last September, settling at $436,969 across 56 closed sales in the city. This decline coincides with a significant shift in market speed, as homes now take 21.4% longer to sell than they did a year ago, pushing the median days on market up to 51 days. When compared to its broader context, Cedar Park's performance diverges from regional trends. The city's median price of $436,969 sits above the Unlock MLS region average of $407,250 and the Williamson County median of $390,000. However, the city is also experiencing a slower pace than the broader region, which averages 56 days on market, while Cedar Park homes are moving slightly faster at 51 days. Price per square foot in Cedar Park fell 3.2% year-over-year to $209, remaining higher than the Williamson County average of $191 but below the regional average of $204. The gap between asking and selling prices has also widened; sellers received 94.5% of their original list price on average, a slight decrease from the 94.9% achieved last year. These figures reflect a cooling environment where inventory is holding longer and prices are adjusting downward relative to the previous year. The data indicates that while Cedar Park maintains a price premium over its county neighbors, the market dynamics have shifted toward a more balanced or buyer-favorable pace compared to the rapid sales activity seen in prior years. Want a closer look? Reply or call George at 713.918.9951 and we'll set up a showing. 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