Austin Home Prices: Recent Trends and Key Data Points

Are you interested in buying or selling a home in Austin, Texas? If so, understanding the current state of the Austin housing market is crucial. In this article, we'll take a closer look at Austin home prices, including recent trends and key data points to help you make informed decisions.

• Average Sold Price: According to recent data, the average sold price for a home in Austin so far this month is $596,461. Compared to last month, this represents an increase of $63,478, or 11.91%. However, compared to the same time last year, the average sold price has actually decreased by $50,122, or 7.75%.

• Median Sold Price: The median sold price for a home in Austin is currently $455,000. Compared to last month, this represents an increase of $20,000, or 4.60%. However, compared to the same time last year, the median sold price has decreased by $65,000, or 12.50%.
• Sold Price to List Price Ratio: It's also worth noting that the average sold price to list price ratio in Austin is currently 97.35%. This means that on average, homes are selling for 97.35% of their list price.
• Trends in Central Texas: When looking at the 30 cities in Central Texas, 43% have seen a month over month increase in home prices, while 57% have seen a decrease. Similarly, only 17% of cities have seen a year over year increase in prices, while 80% have seen a decrease. Year to date, 10 cities have seen an increase in median price, while 19 have seen a decrease. Since the peak in the past 12 months, no cities have seen an increase in price, while 28 have seen a decrease.
• Trends in Zip Codes: When looking at the 75 zip codes in Central Texas, 49% have seen a month over month increase in home prices, while 47% have seen a decrease. Similarly, only 16% of zip codes have seen a year over year increase in prices, while 83% have seen a decrease. Year to date, 36 zip codes have seen an increase in median price, while 37 have seen a decrease. Since the peak in the past 12 months, no zip codes have seen an increase in price, while 71 have seen a decrease.

The Austin housing market has seen some fluctuations in recent months, with both the average and median sold prices experiencing changes. It's important to keep these trends in mind when making decisions about buying or selling a home in Austin or the surrounding areas. With the help of a trusted real estate agent and a solid understanding of the market, you can make the right moves to achieve your goals.