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Friday, November 22, 2024

How did home valuation prices perform in Williamson County during first half of 2023?

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Adobe Stock

The median sale price of a home sold in the first half of 2023 in Williamson County fell by $847, while total sales decreased by 65%, according to BlockShopper.com.

From January through June of 2023, 1,428 homes were sold in the county, with a median sale price of $256,888. This is a 0.3% decrease from the $257,735 median sale price during the same period in 2022, when there were 4,076 homes sold.

Based on the latest available data from 2019, the median sales tax in Williamson County was $6,365, which stands at 2.5% of the median home sale price for the first half of 2023.

The U.S. housing market has soared in recent years, with its total value nearing $50 trillion in 2024. This is almost five times greater than the market's value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following histogram displays changes in median sales prices in Williamson County from January 2022 to June 2023.

Jan. - June 2022July - Dec. 2022Jan. - June 2023$257,735$257,735$254,255$254,255$256,888$256,888

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