housing market

Austin's Evolving Housing Market

Austin Luxury Group|June 28, 2021
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The Wall Street Journal has named Austin as the #2 emerging housing market in the U.S.  Rapid population growth fueled by a steady job market and high quality of life are contributing to the housing boom here in Austin.

Key Market Stats:

  • Home values in Austin have increased by 12.8% year-over-year and are predicted to grow by another 11.6% in 2021.
  • Over the past five years home values in Austin have increased by over 38%.
  • Sales prices for homes in Austin have increased by 19% year-over-year.
  • Active listings of homes in Austin have decreased by 55% compared to the same time last year.
  • Of the 75 neighborhoods in Austin, Realtor.com reports that Tarrytown is the most expensive with a median listing price of $1.5 million.

Find out more about what is driving the housing demand in Austin here.