I have selected some random subdivisions, zip codes in Austin and cities surrounding it, to provide some current real estate market data. If there is an area or neighborhood you would like spotlighted -please let me know.
Overall, the Austin market is strong. Areas averaging 3 months or less are considered to be seller’s markets. Four to six months are considered neutral markets. Six months or more time on the market is considered to be buyer’s markets. The exceptions to this are: luxury properties over $800,000, because there are less buyers and new construction where the projects are actively marketed before or during building.
Austin Condominiums
78704 Condos
Number of Active Condos on the Market: 113
Average Days on Market: 138
(new construction projects make the average days high)
Median Home Price: $ 275,000
Downtown Condos
Number of Active Condos on the Market: 151
Average Days on Market: 127
Median Home Price: $ 349,500
Austin Single Family Homes
Circle C Ranch
Number of Active Homes on the Market: 33
Average Days on Market: 67
Median Home Price: $ 314,900
Travis Heights
Number of Active Homes on the Market: 15
Average Days on Market: 115
Median Home Price: $ 499,000
City of West Lake Hills
Number of Active Houses on the Market: 29
Average Days on Market: 136
Median Home Price: $1,220,000
Shady Hollow
Number of Active Houses on the Market: 26
Average Days on Market: 108
Median Home Price: $284,450
Cat Mountain
Number of Active Houses on the Market: 21
Average Days on Market: 134
Median Home Price: $520,000
Barton Creek West
Number of Active Houses on the Market: 8
Average Days on Market: 58
Median Home Price: $562,363
