Austin Real Estate Market Trends Report | Realty Austin




The Latest Report:

August 2016

Austin Real Estate Market Snapshot
August 2015 vs August 2016 - All Home Sales

  • 2,985 – Single-family homes sold, 5.3% more than August 2015
  • $289,990 – Median price for single-family homes, 9.4% more than August 2015
  • $363,190 – Average price for single-family homes, 8.9% more than August 2015
  • 42 – Average number of days single-family homes spent on the market, same as August 2015
  • 3,056 – New single-family home listings on the market, 6% less than August 2015
  • 6,710 – Active single-family home listings on the market, 5% more than August 2015
  • 2,518 – Pending sales for single-family homes, 1% more than August 2015
  • 2.8 – Months of inventory of single-family homes, 0.1 more than August 2015
  • $1,084,122,368 – Total dollar volume of single-family properties sold, 14.7% more than August 2015

 

Austin Luxury Real Estate Market Snapshot
July 2015 vs July 2016 - All Luxury Home Sales Over $1,000,000

  • $105,434,929 - Total dollar volume of $1M+ properties sold, 27.4% more than August 2015
  • $1,484,999 - Average price for $1M+ properties, 9% less than August 2015
  • $1,285,000 - Median price for $1M+ properties, 0.1% more than August 2015
  • 871 - Active $1M+ homes for sale in the Austin MLS, 13% more than August 2015
  • 71 - $1M+ properties sold, 14 more than August 2015
  • $330 - Average price per square foot for $1M+ properties, 4.3% less than August 2015
  • 142 - Average number of days that $1M+ properties spent on the market, 43 more than August 2015
  • 10 - Months of inventory of $1M+ properties, 2.3 month less than August 2015

 


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July 2016

Austin Real Estate Market Snapshot
July 2015 vs July 2016 - All Home Sales

  • 2,900 – Single-family homes sold, 5% less than July 2015
  • $285,000 – Median price for single-family homes, 6% more than July 2015
  • $355,806 – Average price for single-family homes, 4% more than July 2015
  • 40 – Average number of days single-family homes spent on the market, 1 less than July 2015
  • 3,709 – New single-family home listings on the market, 7% less than July 2015
  • 6,805 – Active single-family home listings on the market, 6% more than July 2015
  • 2,864 – Pending sales for single-family homes, 6% more than July 2015
  • 2.8 – Months of inventory of single-family homes, same as July 2015
  • $1,031,837,400 – Total dollar volume of single-family properties sold, 1% less than July 2015

 

Austin Luxury Real Estate Market Snapshot
July 2015 vs July 2016 - All Luxury Home Sales Over $1,000,000

  • $92,862,069 - Total dollar volume of $1M+ properties sold in July 2016
  • $1,522,329 - Average price for $1M+ properties, 4.9% less than July 2015
  • $1,250,000 - Median price for $1M+ properties, 3.4% less than July 2015
  • 881 - Active $1M+ homes for sale in the Austin MLS
  • 61 - $1M+ properties sold, 9 less than July 2015
  • $342 - Average price per square foot for $1M+ properties, 6% less than July 2015
  • 115 - Average number of days that $1M+ properties spent on the market, 30 more than July 2015
  • 12 - Months of inventory of $1M+ properties, 1 month less than July 2015

 


 

June 2016

Austin Real Estate Market Snapshot
June 2015 vs June 2016 - All Home Sales

  • 3,219 – Single-family homes sold, 9% more than June 2015
  • $295,500 – Median price for single-family homes, 8.2% more than June 2015
  • $371,789 – Average price for single-family homes, 10% more than June 2015
  • 41 – Average number of days single-family homes spent on the market, same as June 2015
  • 3,694 – New single-family home listings on the market, less than 1% more than June 2015
  • 6,114 – Active single-family home listings on the market, 6% more than June 2015
  • 2,940 – Pending sales for single-family homes, 6% more than June 2015
  • 2.5 – Months of inventory of single-family homes, same as June 2015
  • $1,196,788,791 – Total dollar volume of single-family properties sold, 19.8% more than June 2015

 

Austin Luxury Real Estate Market Snapshot
June 2015 vs June 2016 - All Luxury Home Sales Over $1,000,000

  • $141,088,509 - Total dollar volume of $1M+ properties sold in June 2016
  • $1,621,707 - Average price for $1M+ properties, $160,205 more than June 2015
  • $1,300,000 - Median price for $1M+ properties, $25,000 less than June 2015
  • 929 - Active $1M+ homes for sale in the Austin MLS
  • 87 - $1M+ properties sold, 39 more than June 2015
  • $364 - Average price per square foot for $1M+ properties, $43 more than June 2015
  • 107 - Average number of days that $1M+ properties spent on the market, 23 more than June 2015
  • 10.6 - Months of inventory of $1M+ properties, 1.0 months more than June 2015

 


 

May 2016

Compared to this time last year, the number of homes sold in May increased 10% with just 3% more listings on the market. Median home prices are also up 10% from last year at $288,085. Want to know what homes are selling for near you? Check out Realty Austin’s home estimate calculator or connect with a Realty Austin REALTOR® for a more in-depth analysis.

Mortgage rates were already at a 3-year low before the UK voted to leave the European Union. Following this historic decision, rates are even lower, but analysts don’t know if it will last. If you’re thinking of moving or refinancing, get pre-approved now.

 

Austin Real Estate Market Snapshot
May 2015 vs May 2016 - All Home Sales

  • 2,909 – Single-family homes sold, 10% more than May 2015
  • $288,085 – Median price for single-family homes, 10% more than May 2015
  • $353,654 – Average price for single-family homes, 1.8% more than May 2015
  • 40 – Average number of days single-family homes spent on the market, 3 less than May 2015
  • 3,795 – New single-family home listings on the market, 3% more than May 2015
  • 5,725 – Active single-family home listings on the market, 5% more than May 2015
  • 3,297 – Pending sales for single-family homes, 21% more than May 2015
  • 2.4 – Months of inventory of single-family homes, same as May 2015
  • $1,052,116,458 – Total dollar volume of single-family properties sold, 12% more than May 2015

 

Austin Luxury Real Estate Market Snapshot
May 2015 vs May 2016 - All Luxury Home Sales Over $1,000,000

  • $120,248,428 - Total dollar volume of $1M+ properties sold in May 2016
  • $1,522,132 - Average price for $1M+ properties, $63,850 less than May 2015
  • $1,335,000 - Median price for $1M+ properties, $40,000 more than May 2015
  • 954 - Active $1M+ homes for sale in the Austin MLS
  • 79 - $1M+ properties sold, 2 more than May 2015
  • $349 - Average price per square foot for $1M+ properties, $4 less than May 2015
  • 84 - Average number of days that $1M+ properties spent on the market, same as May 2015
  • 10.3 - Months of inventory of $1M+ properties, 1.4 months less than May 2015

 


 

April 2016

Summer has arrived and so has the busy home buying season. Compared to this time last year, the number of homes sold in April increased 5% with a total of 2,600 sold and average home prices rose 3.8% to $350,334. Want to know what homes are selling for in your neighborhood? Check out Realty Austin’s home estimate calculator or contact a Realtor for a more in-depth analysis.

The best deals go fast, so download Realty Austin’s mobile app to take your home search on the go or check out Austin’s #1 home search website realtyaustin.com.

 

Austin Real Estate Market Snapshot
April 2015 vs April 2016 - All Home Sales

  • 2,600 – Single-family homes sold, 5% more than April 2015
  • $288,198 – Median price for single-family homes, 7% more than April 2015
  • $350,334 – Average price for single-family homes, 3.8% more than April 2015
  • 47 – Average number of days single-family homes spent on the market, unchanged verses April 2015
  • 3,761 – New single-family home listings on the market, 3% more than April 2015
  • 5,553 – Active single-family home listings on the market, 9% more than April 2015
  • 3,072 – Pending sales for single-family homes, 12% more than April 2015
  • 2.3 – Months of inventory of single-family homes, 0.1 months more than April 2015
  • $910,900,000 – Total dollar volume of single-family properties sold, 9% more than April 2015

 

Austin Luxury Real Estate Market Snapshot
April 2015 vs April 2016 - All Luxury Home Sales Over $1,000,000

  • $66,840,268 - Total dollar volume of $1M+ properties sold in April 2016
  • $1,519,097 - Average price for $1M+ properties, $104,677 less than April 2015
  • $1,380,000 - Median price for $1M+ properties, $25,125 more than April 2015
  • 925 - Active $1M+ homes for sale in the Austin MLS
  • 44 - $1M+ properties sold, 14 less than April 2015
  • $354 - Average price per square foot for $1M+ properties, $4 less than April 2015
  • 82 - Average number of days that $1M+ properties spent on the market, 4 less than April 2015
  • 9.3 - Months of inventory of $1M+ properties, 0.5 months more than April 2015

 


 

March 2016

The summer busy buying season is already upon us. Compared to this time last year, home sales increased 9.3% and median home prices rose 7.8% to $278,000. This comes as no surprise, as Austin has become a very desirable city and was even recently named the #2 best place to live in the nation by U.S. News & World Reports.

Find out what homes are selling for in your neighborhood with Realty Austin’s home estimate calculator or contact a Realtor for a more in-depth analysis.

If you’re looking to buy and take advantage of the recently reduced interest rates, don’t miss out on the next deal. Search homes for sale on realtyaustin.com and download Realty Austin’s mobile app to take your home search on the go.

 

Austin Real Estate Market Snapshot
March 2015 vs March 2016 - All Home Sales

  • 2,552 – Single-family homes sold, 9.3% more than March 2015
  • $278,000 – Median price for single-family homes, 7.8% more than March 2015
  • $347,734 – Average price for single-family homes, 4.5% more than March 2015
  • 54 – Average number of days single-family homes spent on the market, unchanged verses March 2015
  • 3,633 – New single-family home listings on the market, 12.2% more than March 2015
  • 4,669 – Active single-family home listings on the market, 1.5% more than March 2015
  • 2,811 – Pending sales for single-family homes, 7.2% more than March 2015
  • 2.0 – Months of inventory of single-family homes, 0.2 months less than March 2015
  • $887,419,074 – Total dollar volume of single-family properties sold, 14.1% more than March 2015

 

Austin Luxury Real Estate Market Snapshot
March 2015 vs March 2016 - All Luxury Home Sales Over $1,000,000

  • $79,393,716 - Total dollar volume of $1M+ properties sold in March 2016
  • $1,689,228 - Average price for $1M+ properties, $133,726 less than March 2015
  • $1,450,000 - Median price for $1M+ properties, same as March 2015
  • 857 - Active $1M+ homes for sale in the Austin MLS
  • 47 - $1M+ properties sold, 13 less than March 2015
  • $337 - Average price per square foot for $1M+ properties, $37 less than March 2015
  • 68 - Average number of days that $1M+ properties spent on the market, 30 less than March 2015
  • 11.0 - Months of inventory of $1M+ properties, 1.7 months more than March 2015

 


 

February 2016

Austin Real Estate Market Snapshot
February 2015 vs February 2016 - All Home Sales

  • 1,783 – Single-family homes sold, 2.9% more than February 2015
  • $269,900 – Median price for single-family homes, 8.0% more than February 2015
  • $333,011 – Average price for single-family homes, 7.6% more than February 2015
  • 62 – Average number of days single-family homes spent on the market, 3 days more than February '15
  • 2,793 – New single-family home listings on the market, 11.1% more than February 2015
  • 4,871 – Active single-family home listings on the market, 10% more than February 2015
  • 2,346 – Pending sales for single-family homes, 12.3% more than February 2015
  • 2.1 – Months of inventory* of single-family homes, 0.1 months more than February 2015
  • $593,758,953 – Total dollar volume of single-family properties sold, 10.7% more than February 2015

 

Austin Luxury Real Estate Market Snapshot
February 2015 vs February 2016 - All Luxury Home Sales Over $1,000,000

  • $43,676,752 - Total dollar volume of $1M+ properties sold in February 2016
  • $1,559,884 - Average price for $1M+ properties, $160,873 less than February 2015
  • $1,378,125 - Median price for $1M+ properties, $50,625 more than February 2015
  • 749 - Active $1M+ homes for sale in the Austin MLS
  • 28 - $1M+ properties sold, same as February 2015
  • $365 - Average price per square foot for $1M+ properties, $24 more than February 2015
  • 102 - Average number of days that $1M+ properties spent on the market, 7 less than February 2015
  • 11.8 - Months of inventory of $1M+ properties, 2.9 months more than February 2015

 


 

January 2016

The #1 Home Search website in Austin just got even better! Now with exclusive tools that make it easier for you to find Austin MLS and off-market listings. Explore 1600 neighborhoods, find homes by commute time and unlock over 15 years of sold history.

Check out the local scene with our guides to SXSW, summer camps and things to do in March. Whether you’re in the market, or just interested in what nearby homes are selling for, please don’t hesitate to reach out.

 

Austin Real Estate Market Snapshot
January 2015 vs January 2016 - All Home Sales

  • 1,459 – Single-family homes sold, 1.9% less than January 2015
  • $254,999 – Median price for single-family homes, 6.3% more than January 2015
  • $322,620 – Average price for single-family homes, 3.8% more than January 2015
  • 56 – Average number of days single-family homes spent on the market, 7 days less than January 2015
  • 2,399 – New single-family home listings on the market, 8% more than January 2015
  • 4,751 – Active single-family home listings on the market, 11.4% more than January 2015
  • 2,207 – Pending sales for single-family homes, 16.6% more than January 2015
  • 2.0 – Months of inventory* of single-family homes, 0.1 months more than January 2015
  • $470,702,965 – Total dollar volume of single-family properties sold, 1.9% more than January 2015

 

Austin Luxury Real Estate Market Snapshot
January 2015 vs January 2016 - All Luxury Home Sales Over $1,000,000

  • $39,375,360 - Total dollar volume of $1M+ properties sold in January 2016
  • $1,640,640 - Average price for $1M+ properties, $119,623 more than January 2015
  • $1,395,000 - Median price for $1M+ properties, $45,000 less than January 2015
  • 644 - Active $1M+ homes for sale in the Austin MLS
  • 24 - $1M+ properties sold, 15 less than January 2015
  • $336 - Average price per square foot for $1M+ properties, $33 more than January 2015
  • 79 - Average number of days that $1M+ properties spent on the market, 12 less than January 2015
  • 13.6 - Months of inventory of $1M+ properties, 1.2 months more than January 2015

 

 

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