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Is now a good time to sell in Larkspur? How does it compare to Leander?

By Chris Watters, Broker, Watters International Realty. Last updated October 15, 2026.

Quick answer

Yes, for a Larkspur home priced in line with recent sales, now is a good time to sell, and Larkspur has held its price better than Leander as a whole. Homes in Larkspur, Leander sold for 97.9% of their original asking price in the last 90 days, which reads as a seller’s market. That reading describes the neighborhood as a whole. Most of the homes for sale now have already cut their price, so I would set your price from the most recent Larkspur sales before you list.

What I analyzed

Selling above $1M? Part of this market never goes online

The figures on this page describe the public side of this market, the sales that were listed in the MLS. Above $1M in the Austin area, a large share of sales are never listed there and never appear online.

Those sales trade on a broker-to-broker private network, and I am a participating broker. Only the agents and brokers who do most of the business at this price point use it, and a surprising number of agents do not know it exists because they do not sell in this range. It covers homes, lots, ranches and condos priced over $1M, and much of it is waterfront or in the Austin core, West Austin, Westlake and Rollingwood, where prices run past $1.5M.

Sellers and their brokers use it for privacy: no public photos or floor plans, and no showings to buyers who have not been qualified.

Contact me for off-market private luxury listings you will never see online

Step 1 of 4

My team has sold 2 homes in Larkspur and 253 Leander homes in all, and those counts do not include a single buyer my team has represented. Everything on this page comes from the same MLS record I use to price those homes.

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How long does it take to sell a home in Larkspur?

The Larkspur homes that sold in the last three months went under contract in a median of 25 cumulative days to contract, a count that keeps running when a home is relisted. Over the full twelve months, the median was 54 days to contract.

I give the twelve-month pace more weight when I plan a listing with an owner. Most of the recent window fell in summer, and the year as a whole moved more slowly.

How does Larkspur compare to the rest of Leander?

Larkspur sellers have kept more of their asking price than sellers across town. Over the same twelve months, Leander as a whole sold at 94.2% of original asking, a balanced market, while Larkspur sold at 97.0%.

Sale price as a share of original asking in Larkspur Median, by period. Bars start at 80% so the differences show. Prior twelve months 95.8% (41 sold) Last twelve months 97.0% (50 sold) Last 90 days 97.9% (15 sold) Source: Unlock MLS (ACTRIS) via MLS Grid, pulled October 15, 2026.
Figure 1. Sale price as a share of original asking price in Larkspur, prior twelve months, last twelve months and last 90 days.

Supply is tighter here too. Larkspur has 3.4 months of supply against 4.6 for Leander, which means the homes for sale here would clear sooner at the recent pace of sales.

Every home sold here in the last twelve months was a resale built between 2015 and 2024. When I price a home in Larkspur, the homes a buyer weighs against it are other Larkspur resales of about the same age, and I leave the rest of Leander out of that comparison.

My team has sold 2 homes in Larkspur over the years, and I price here from the neighborhood’s own recent sales.

Why did price per square foot drop in Larkspur?

Price per square foot fell from $198 in the prior twelve months to $177 in the last twelve months. The drop is large mainly because larger homes sold.

Median price per square foot in Larkspur By period of sale. Bars start at zero. Prior twelve months $198 per sq ft Last twelve months $177 per sq ft Last 90 days $171 per sq ft Source: Unlock MLS (ACTRIS) via MLS Grid, pulled October 15, 2026.
Figure 2. Median price per square foot in Larkspur, prior twelve months, last twelve months and last 90 days.

The median home sold went from 1,889 square feet in the prior twelve months to 2,156 in the last twelve months. The lot is a fixed cost, and a bigger house spreads that cost over more square feet, which pulls the per-foot figure down.

For direction I look at what buyers paid against original asking, which went from 95.8% in the prior twelve months to 97.0% in the last twelve months. For you as an owner, that means buyers here were paying closer to the list price this year than last, even as the per-foot figure came down.

Price per square foot also fell from $177 over the last twelve months to $171 over the last three months. Home size barely changed between those periods, and I cannot put this second drop down to larger homes selling. I read it as buyers paying a little less per foot this summer for the same size of home, and I would set your price from the latest Larkspur sales rather than from last year’s per-foot figure.

Why have most Larkspur homes for sale cut their price?

The Larkspur homes for sale now have sat much longer than the homes that sold, and most cut their price along the way. The typical home for sale now has been on the market 82 days, against 25 days to contract for the homes that sold in the last three months.

The median asking price of the homes for sale now is $354,500, close to the $350,000 median sale price of the last three months. After those cuts, most of these sellers are asking about what homes here have been selling for. My read is that many of them started above recent sales and lost weeks before they cut, and buyers who can line up homes this close in age notice that quickly. Those lost weeks are what I would want you to avoid.

Sell now, or wait?

I would list now if your home is move-in ready and you can price it in line with the most recent Larkspur sales. The homes that sold this summer went under contract quickly and close to their original asking price, and that pace rewards a home that comes out at the right number.

I would wait if your home needs work before it is move-in ready, or if your move only works at a price well above what homes here have been selling for. A home that lists high here joins the 11 of 14 homes for sale that have already cut their price, and I would rather you use the time to get the home ready and the price right.

Worried your Larkspur home could sit and end up needing a price cut?

My Home Competitor Analysis lines your home up against the Larkspur homes a buyer would compare it to today. Here is what you get from it:

Step 1 of 4

No obligation. The report for Larkspur comes first. Then I walk the home with you before we talk about price.

Your situation

If your home is one of the larger floor plans, I would not price it off the neighborhood’s price per square foot. Bigger homes here sell for less per foot, so I would set your price from comparable sales of the same size and leave the per-foot figure for the smaller homes.

If your home is already listed and has sat longer than the homes that sold this summer, you are competing with the homes that already cut. I would look at your price against the most recent Larkspur sales before you sit through another month.

If you are planning to list later rather than now, I would measure your plan against the twelve-month figures. Over the full year, the median home took 54 days to contract, and I would build your moving timeline around that pace.

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Chris Watters, Broker, Watters International Realty. Texas Real Estate Commission license #567369. Broker of record for a Texas brokerage serving the Austin, Dallas-Fort Worth, San Antonio and Killeen-Temple-Waco metros.

See the homes I would be competing against

The Home Competitor Analysis shows the homes you would have to beat, what they are asking, how long they have been on the market, which have cut their price, and how your home may compare.

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Sources: Unlock MLS (ACTRIS) via MLS Grid, my analysis, pulled October 15, 2026. The neighborhood is the MLS subdivision name, combined across 2 recorded spellings and section names. Homes are counted by closing date. Prices as a share of original asking use each home’s original list price.

Last updated October 15, 2026. Closings: twelve months ending October 15, 2026 and the 90 days ending October 15, 2026. Homes for sale: as of October 15, 2026.

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