Is Burnet County, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Burnet County was a Seller's Market.
Key Takeaway
Burnet County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Burnet County, TX
How much do homes in Burnet County, TX cost?
Median Sold Price
$399,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Burnet County have sold for 5% more than they did a year ago.
Summary: The median home sold price in Burnet County was $399,000 in May 2024, up 5% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $195.5K | -15.0% |
| 2 Bedrooms | $339.5K | $275K | -19.0% |
| 3 Bedrooms | $365K | $362K | -0.8% |
| 4 Bedrooms | $435.2K | $625K | +43.6% |
| 5+ Bedrooms | $875K | $857.5K | -2.0% |
Summary: Burnet County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15%, 2 bedroom homes decreased by 19%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 43.6%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Counties
| Burnet County | $379.8K | $399K | +5.0% |
| Llano County | $559.7K | $573.4K | +2.4% |
| Travis County | $544K | $525.6K | -3.4% |
| Lampasas County | $349.9K | $337.5K | -3.5% |
| Williamson County | $461.9K | $442.9K | -4.1% |
Housing Supply in Burnet County, TX
How many homes are available in Burnet County, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 343 | 360 | +5.0% |
Summary: The Burnet County real estate market had 360 homes for sale in May 2024, a 5.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 15 | +25.0% |
| 2 Bedrooms | 38 | 41 | +7.9% |
| 3 Bedrooms | 188 | 190 | +1.1% |
| 4 Bedrooms | 82 | 91 | +11.0% |
| 5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The Burnet County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 11%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 33 | -21.4% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burnet County, you may be able to get a good deal. 64.5% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Burnet County in May 2024, down by 21.4% month-over-month. Of the 31 sold homes, 65% were sold under asking, 29% were sold at asking, and 6% were sold over asking.
Days on Market for Burnet County, TX
How long does it take to sell a home in Burnet County, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 72 Days | 66 Days | -7.7% |
Summary: Homes in Burnet County had an average of 66 days on market in May 2024, down by 7.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Burnet County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 33 homes were sold in Burnet County; 52% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.
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