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Austin Real Estate Market Trends

The Austin housing market is moderately competitive, with homes typically receiving an average of 2 offers and selling within about 77 days. Last month, the median sale price for a home in Austin was $554,000, reflecting a 1.3% increase compared to the previous year. The median price per square foot stands at $309, showing a slight rise of 0.3% year over year.

$554,000

Median Sale Price

$309

Median Sale Price per Sq. Ft.

643

# of Homes Sold

77

Median Days on The Market

Austin, TX Real Estate FAQ

Your Comprehensive Guide to Austin Real Estate

The current real estate market in Austin, TX, is moderately competitive. Homes receive multiple offers in some cases, but on average, they are selling at about 3% below the list price and typically go pending in around 70 days. The median days on the market has increased compared to last year, indicating a slight slowdown in buyer urgency, with homes now selling in 77 days compared to 60 days a year ago. There is also a mild interest from out-of-area buyers, with 1% of national homebuyers searching for properties in Austin, with the most interest coming from Dallas, followed by San Francisco and Los Angeles.

Austin, TX, is known for its vibrant culture, booming tech industry, and live music scene. With a thriving job market, abundant outdoor activities, top-notch dining, and a laid-back lifestyle, it's a magnet for young professionals, families, and retirees alike. The city's unique blend of urban excitement and natural beauty makes it one of the most desirable places to live in the country.

The average home price in Austin is currently around $554,000, which represents a modest 1.3% increase from last year. The median price per square foot is $309, reflecting a slight growth of 0.3% year-over-year.

Yes, Austin real estate is considered a solid investment. With the city's steady population growth, booming tech industry, and reputation as a top relocation destination, property values have continued to rise. Investors often see Austin as a strong market for both long-term appreciation and rental income opportunities.

People buy homes in Austin for a variety of reasons, including the city's strong job market, excellent quality of life, and diverse housing options. Austin offers a mix of vibrant city living and quiet suburban communities, making it appealing to everyone from young professionals to growing families and retirees.

Yes, Austin is an excellent place to raise a family. The city offers top-rated public and private schools, family-friendly neighborhoods, and abundant outdoor spaces. Communities like Westlake, Circle C Ranch, and Steiner Ranch are particularly popular for families due to their strong sense of community and proximity to parks, schools, and recreational activities.

Popular neighborhoods in Austin include Downtown Austin, South Congress (SoCo), East Austin, and The Domain for those seeking an urban lifestyle. Family-friendly areas like Westlake Hills, Mueller, and Barton Hills are also highly sought after for their schools and parks. Newer suburban developments like Cedar Park and Round Rock offer more affordable options with a community feel.

Some of the more affordable areas in Austin include neighborhoods like Del Valle, Manor, and parts of North Austin. These areas offer more budget-friendly housing options while still providing proximity to the city's major job centers and amenities. Suburban areas like Pflugerville and Leander are also popular for their affordability and family-oriented communities.

Yes, Austin is home to many highly-rated public and private schools. Austin Independent School District (AISD) serves much of the area and is known for strong academic programs and extracurricular activities. Additionally, nearby suburbs like Westlake and Round Rock have their own school districts, which are often ranked among the top in Texas. The city also has various private and charter schools for families seeking alternative educational options.

Austin is famous for its diverse amenities and attractions, including live music venues, parks like Zilker Park, the Barton Springs Pool, and hiking trails along the Greenbelt. The city also offers a vibrant food scene with award-winning restaurants, unique shops, and cultural institutions such as the Blanton Museum of Art and the Texas State Capitol. Outdoor enthusiasts love the city's proximity to lakes and hills, offering year-round recreation.

Austin is considered a safe place to live, with many neighborhoods boasting low crime rates and strong community ties. While crime rates vary by area, the city as a whole is generally safe, and many residents enjoy the friendly and welcoming atmosphere. Areas like Westlake, Tarrytown, and Circle C Ranch are particularly known for their safety and family-oriented environments.

The commute in Austin varies depending on where you live and work. Traffic can be heavy during peak hours, particularly along I-35, Mopac (Loop 1), and US-183. However, many residents appreciate the proximity of Austin's suburbs to the city’s major business hubs, and public transportation options like buses and light rail are available for those looking to avoid traffic.

To find a reliable real estate agent in Austin, TX, you can start by exploring online platforms. Additionally, you may consider reaching out to Foreman Property Group, a reputable real estate team known for their proficiency in Austin market. You can contact him directly for personalized assistance and guidance in your real estate endeavors.

When buying property in Austin, consider factors like property taxes, potential future development in the area, and proximity to flood zones or wildfire risk areas. It’s also important to research Austin’s rapidly changing market to ensure you make a sound investment. Consulting with a local real estate agent who understands these nuances is key to a successful purchase.

Yes, Austin offers a wide variety of housing options, including single-family homes, condos, and townhomes. Whether you're looking for a spacious family home with a backyard in a suburban neighborhood or a modern condo in Downtown Austin, you'll find plenty of options to fit your lifestyle and budget. Condo living is particularly popular in central areas like The Domain and Downtown Austin for those who prefer low-maintenance urban living.

Thinking about a move to Austin?

Whether you're curious about the Austin market, have specific questions, or are ready to explore available properties, our team is here to help. With deep local knowledge and a commitment to your needs, we can guide you through every step of finding your perfect home in Austin. Reach out today to start your journey!

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Austin Guide

Get to know Austin! Explore our neighborhood guide to dive into Austin’s unique communities, local hotspots, and vibrant lifestyle. From trendy downtown districts to peaceful suburban enclaves, find the area that feels like home. Start browsing now to see which Austin neighborhood is the perfect fit for you!

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