Is North Austin, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, North Austin has remained a Seller's Market.
Housing Prices in North Austin, TX
How much do homes in North Austin, TX cost?
Median Sold Price
$456,464
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Austin was $456,464 in May 2024, down 5.9% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $227.5K | $199K | -12.5% |
2 Bedrooms | $335K | $305K | -9.0% |
3 Bedrooms | $470K | $446.6K | -5.0% |
4 Bedrooms | $561.2K | $531K | -5.4% |
5+ Bedrooms | $640K | $520K | -18.8% |
Summary: North Austin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 9%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 18.8%.
Median Sold Price Compared To Nearby Neighborhoods
Champions Forest | $557.5K | $603.7K | +8.3% |
North Austin | $485.2K | $456.4K | -5.9% |
Housing Supply in North Austin, TX
How many homes are available in North Austin, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
432 | 475 | +10.0% |
Summary: The North Austin real estate market had 475 homes for sale in May 2024, a 10.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 19 | +72.7% |
2 Bedrooms | 41 | 53 | +29.3% |
3 Bedrooms | 242 | 253 | +4.5% |
4 Bedrooms | 119 | 132 | +10.9% |
5+ Bedrooms | 19 | 18 | -5.3% |
Summary: The North Austin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 72.7%, 2 bedroom homes increased by 29.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
103 | 86 | -16.5% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 86 homes were sold or pending in North Austin in May 2024, down by 16.5% month-over-month. Of the 86 sold homes, 51% were sold under asking, 26% were sold at asking, and 23% were sold over asking.
Days on Market for North Austin, TX
How long does it take to sell a home in North Austin, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 30 Days | -10.9% |
Summary: Homes in North Austin had an average of 30 days on market in May 2024, down by 10.9% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 86 homes were sold in North Austin; 65% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.