If you’re curious about the real estate climate in Texas’ capital city, take a look at the following data. We’ve compiled some facts and figures from trusted real estate sites to show you what Austin homes are selling for, how many have been sold and other key statistics.
If you’re thinking of buying or selling a home in Austin, be sure to speak with a real estate professional. The following data is time-sensitive and may not be accurate by the time you’re reading it.
Austin, TX Real Estate
Average Listing Price for Austin: %509,472
1-Week Change: +0.6% (week ended Sept. 12)
Median List Price for Texas: $175,000
1-Year Change: +1.8%
Median Sales Price: $116,914
1-Year Change: -1.8%
Homes Recently Sold: 12
Homes Sold Year-Over-Year: 44
Homes Currently for Sale: 4,529
Most Popular Neighborhoods: Steiner Ranch, Downtown, West Oak Hill, South River City, Old West Austin
Summary: Austin is a slow mover in regard to home sales, with only 44 homes sold year-over-year and the median sales price dipping slightly. The good news is there are plenty of high value homes on the market, as evidenced by the average listing price of over $500,000. Those in search of modest starter homes may have more of a challenge ahead, but buyers in the market for high-end investment property or luxury condo may be able to snag a great deal.
(Sources: Trulia.com and Zillow.com)
Speak with an Austin, TX real estate agent for more detailed market information.