How healthy is the Austin Real Estate market? From the looks of the data below, I would say very healthy. Inventory is low, average days homes have been actively on the market is 3 months or less. I have selected some random neighborhoods in Austin below and listed some current real estate market data.
Understand this data is specific to single family houses. Some of these areas certainly have duplexes, triplexes, and of course, condominiums. I like to separate condominium and investor markets, because they are different and should be explored on their own.
If there is an area you want me to spotlight -please let me know.
Hyde Park
Number of Active Homes on the Market: 31
Average Days on Market: 94
Median Home Price: $ 385,000
Travis Heights
Number of Active Homes on the Market: 23
Average Days on Market: 69
Median Home Price: $ 538,000
Tarrytown
Number of Active Homes on the Market: 29
Average Days on Market: 81
Median Home Price: $ 779,000
City of West Lake Hills
Number of Active Houses on the Market: 28
Average Days on Market: 60
Median Home Price: $ 987,000
Mueller
Number of Active Houses on the Market: 17
Average Days on Market: 44
Median Home Price: $ 448,605
Northwest Hills
Number of Active Houses on the Market: 33
Average Days on Market: 81
Median Home Price: $ 598,500