Cedar Park October Market Recap and Outlook

Cedar Park saw a sharp price jump in October with the median closing price rising 21.3% to $530,000 compared to September. This figure is based on 63 closed sales and represents a 12.8% increase over the same month last year. The market also moved faster, with homes spending an average of 41 days on market, down 19.6% from the prior month and 22.6% lower than October 2025. ALEX Intelligence analyzed the full set of October transactions to determine that 84.1% of homes sold below their original list price, a slight improvement over the 85.7% seen in September. The median close-to-original list ratio stood at 94.8%, up 0.3 percentage points from the previous month and 1.8 points higher than last year. Buyers also saw larger homes, with the median living area growing 12.4% to 2,533 square feet compared to September. New supply remained steady with 60 new listings added in October, while 192 homes remained active on the market as of month-end. The current months of inventory sits at 2.58, indicating a competitive environment where demand continues to outpace the available stock. With mortgage rates at 7.24% according to Freddie Mac data from late October, buyers are navigating a market that rewards speed and flexibility in negotiation. The year-over-year comparison shows sales volume dropped 27.6% as 63 homes closed compared to 87 in October 2025, yet the price appreciation suggests strong underlying demand for available inventory. The median price per square foot also rose 1.4% from last year to $211. This data-driven snapshot confirms that while transaction volume has softened, the value of properties in Cedar Park continues to climb significantly. 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