Austin Real Estate continues to full steam ahead into the new year. According to the Austin Board of REALTORS® (ABoR) November 2021 Central Texas Housing Report, the Austin-Round Rock MSA housing market remains on track for a record-breaking year, even as November units dipped a little. Home sales across the MSA dipped 4.9% to 3,215 across the Austin-Round Rock MSA. This occurred even as the housing market remains on track for a record-breaking year, with closed listings outpacing 2020 by 3.1% last month.
Williamson County Median Sales Price up 36% YoY
Hays County Median Sales Price up 27% YoY
“We are selling a record or near-record number of homes every month because of the popularity of our region, driven by economic opportunities and the quality of life we are so accustomed to,” Susan Horton, 2021 ABoR president. “While inventory is still low, we can attribute this to the high demand for our market and the churn of new homes being listed and selling in just over three weeks in most cases. We have a high-demand market that can still be accessible for first-time and move-up buyers and, because of that, the real estate industry is helping contribute to the economic growth across the region.”
Austin Real Estate Housing Market Statistics for Austin – Round Rock MSA
According to the report, the Austin Round Rock MSA median sales price rose 29.7% to $470,000 and sales dollar volume rose 20.5% to $1,882,296,166. New listings increased 6.7% to 2,950 as active listings ticked down 2.2% to 2,768. Concurrently, pending listings rose 7.6% to 3,407 as inventory dropped 0.1 months to 0.8 months of inventory. Homes spent an average of 22 days on the market, down 13 days from November 2020.
Real Estate in Austin and all of Central Texas remains in a Seller’s Market
Austin Round Rock MSA November year-over-year price increases as originally reported in the latest Austin Board of Realtors Central Texas Housing Report.
🔑City of Austin — $544,000, up 24.2% from a year earlier.
🔑Travis County — $529,500, up 24.6% from a year earlier.
🔑Williamson County — $445,000, up 36.5% from a year earlier.
🔑Hays County — $390,000, up 27.9% from a year earlier.
🔑Bastrop County — $345,000, up 32.2% from a year earlier.
🔑Caldwell County — $265,109, up 29.3% from a year earlier.
City of Austin
In the city of Austin, the median home price rose 24.2% year over year to $540,000–a record for the month of November. Home sales decreased 4.3% to 1,053 sales, while sales dollar increased 17.6% to $705,190,726. During the same period, new listings decreased 1.9% to 880 listings, active listings dropped 22.2% to 822 listings while pending sales increased 3.6% to 1,049 pending sales. Monthly housing inventory decreased 0.3 months year over year to 0.7 months of inventory.
In Williamson County, November homes sales decreased 1.3% to 1,105 sales, while sales dollar volume rose 37.2% to $549,681,505. The median price rose 36.5% to $445,000, and new listings increased 12% to 1,011 listings. During the same period, active listings rose 24.7% to 753 listings, and pending sales also increased 13% to 1,151 pending sales. Housing inventory increased 0.2 months to 0.7 months of inventory.
In Hays County, November home sales decreased 16.3% to 329 sales, while sales dollar volume dropped 3.8% to $159,743,802. The median price for homes rose 27.9% to $390,000. During the same period, new listings increased 24.4% to 418 listings, while active listings also rose 7.6% to 466 listings. At the same time, pending sales increased 2.2% to 417 pending sales. Housing inventory stayed level at 1.1 months of inventory.
Hottest Austin Zip Codes for Condos
What’s the hottest downtown area Austin zip code for condos? Looks like it was 78704 in November. I graphed Active and Closed Listings in November for Downtown Austin (78701) and the surrounding area. Zip Code 78704 is centrally located just south of Lady Bird Lake and is home to Zilker Park, and the trendy SoCO, SoFi, and SoLa districts.
This data was provided using the ABoR Matrix MLS which pulled about 210 listings.
Read My Market Predictions Here