Is North Austin, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$459,339
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in North Austin was $459,339 in March 2024, down 8.2% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250K | $208.8K | -16.5% |
2 Bedrooms | $352.5K | $313.6K | -11.0% |
3 Bedrooms | $494.9K | $450K | -9.1% |
4 Bedrooms | $586K | $530K | -9.6% |
5+ Bedrooms | $682.9K | $570K | -16.5% |
Summary: North Austin housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.5%, 2 bedroom homes decreased by 11%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes decreased by 16.5%.
Housing Supply in North Austin, TX
How many homes are available in North Austin, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
294 | 382 | +29.9% |
Summary: The North Austin real estate market had 382 homes for sale in March 2024, a 29.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 8 | -11.1% |
2 Bedrooms | 35 | 48 | +37.1% |
3 Bedrooms | 166 | 217 | +30.7% |
4 Bedrooms | 75 | 94 | +25.3% |
5+ Bedrooms | 9 | 15 | +66.7% |
Summary: The North Austin housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 37.1%, 3 bedroom homes increased by 30.7%, 4 bedroom homes increased by 25.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
52 | 78 | +50.0% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 78 homes were sold or pending in North Austin in March 2024, up by 50.0% month-over-month. Of the 78 sold homes, 60% were sold under asking, 17% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 44 Days | -24.5% |
Summary: Homes in North Austin had an average of 44 days on market in Mar 2024, down by 24.5% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During March 2024, 78 homes were sold in North Austin; 54% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.