December 2024 Bastrop County Market Update

The real estate market is currently experiencing a healthy balance between supply and demand, as indicated by the Months Supply of Inventory at 5.89. This means that it would take approximately 5.89 months to sell all the current inventory of homes on the market. 

The 12-Month Change in Months of Inventory has increased by +22.2%, suggesting a slight increase in inventory levels over the past year. Despite this increase, the market remains stable and inventory levels are still within a reasonable range.

Homes are spending a median of 78 days on the market before being sold, indicating a relatively swift turnaround time for sellers. This is further supported by the List to Sold Price Percentage of 99.9%, showing that homes are typically selling very close to their listing price.

The Median Sold Price of $368,945 reflects a strong market with stable prices. Buyers can expect to find properties at a fair market value, while sellers can benefit from receiving a competitive price for their homes.

Overall, these metrics paint a picture of a balanced and active real estate market, making it a favorable environment for both buyers and sellers.