Land for Sale Llano TX

Llano County, TX Real Estate Market Overview

The housing market in Llano County displays robust growth in median home prices, yet showcases a slight increase in average days on the market.

Current Market Trends: What Buyers Need to Know

Insights into Llano County's housing market:

Median Home Prices: Last month, Llano County experienced a significant surge of 18.0% in the median sale price of homes, reaching $720,000 compared to the previous year.

Price per Square Foot: Despite the rise in median prices, the median sale price per square foot declined by 11.1%, now at $343.

Sales Dynamics: Homes in Llano County are taking a bit longer to sell, with an average of 72 days on the market compared to 59 days the previous year. Additionally, there was a slight decrease in the number of homes sold, with 33 homes sold in October this year, down from 34 in the same period last year.

Overview of Llano County's Market

Strong Price Appreciation: The substantial increase in median home prices signifies robust growth, potentially indicating high demand and limited inventory in certain segments of the market.

Market Adjustments: While prices surged, the decline in price per square foot might suggest a shift in the types of properties being sold or other market factors influencing pricing metrics.

Local Real Estate Dynamics: Llano County remains an attractive location for buyers, albeit with a slightly longer time on the market and nuanced pricing trends.

Engage with Michele Smith

For personalized guidance and expertise in navigating Llano County's real estate landscape, Michele Smith is your dedicated partner. With a commitment to providing exceptional service and insights into local market trends, Michele is ready to assist you in your real estate endeavors in Llano County.