Some people know Austin areas by name; others know them by zip code. Looking at market data by zip code gives you an overall snapshot of how an area is performing. Understand there are a variety of factors within a zip code that will affect how different subdivisions and neighborhoods perform. Some subdivisions are near the lake, while others are near a major roadway. Factors like walk ability and proximity to a park or a school, can affect market performance within a particular zip code.
Taking a look at market data by zip code does give us a good overview of how different areas of Austin are performing. It also helps us capture all of the data in a particular area. Certain locations like Travis Heights and Tarrytown are comprised of dozens of micro-subdivisions. So, looking at market data by zip code gives us a snapshot of overall performance.
Be mindful that price will affect the size of the buyer pool for a particular market. A higher priced market area naturally has less buyers who can afford the homes there. The result means longer time on the market.
Austin by the Numbers
78759 (North West: includes Great Hills)
Number of Active homes on the market: 98
Number of Sold homes in the past 90 days: 73
Median Current Listing Price: $345,975
78746 (West Lake Hills Area)
Number of Active homes on the market: 158
Number of Sold homes in the past 90 days: 56
Median Current Listing Price: $1,172,000
78703 (Central: includes Tarrytown, Pemberton)
Number of Active homes on the market: 126
Number of Sold homes in the past 90 days: 43
Median Current Listing Price: $599,450
78757 (Central: includes Crestview)
Number of Active homes on the market: 90
Number of Sold homes in the past 90 days: 51
Median Current Listing Price: $247,250
78702 (East: includes just east of Downtown)
Number of Active homes on the market: 107
Number of Sold homes in the past 90 days: 22
Median Current Listing Price: $209,900
78749 (South: includes Circle C Ranch and Western Oaks)
Number of Active homes on the market: 99
Number of Sold homes in the past 90 days: 74
Median Current Listing Price: $234,975
I support local Austin; after all, I think it’s only neighborly.
Doreen Zelma
REALTOR, GRI
E: [email protected]
W: www.SupportLocalAustin.com
T: 512-761-0567