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Overview of Austin
The Austin housing market is competitive. On average, homes in Austin receive 2 offers and sell in around 75 days. The average sale price of a home in Austin was $540K last month, down 5.4% since last year. The average sale price per square foot in Austin is $321, down 10.3% since last year.
Austin Properties
158,721
TOTAL POPULATION
35.1 years
MEDIAN AGE
High
POPULATION DENSITY
Schools in Austin
Austin is the U.S. state of Texas capital and the seat and largest city of Travis County, with portions extending into Hays and Williamson counties. Austin encompasses 272 square miles along the Colorado River in central Texas, 200 miles from the Gulf of Mexico. The capital city is 200 miles Southwest of Dallas, 162 miles west of Houston, and 90 miles north of San Antonio. It is the center of the central metropolitan area of Austin-Round Rock-San Marcos.
Austin is known as the Live Music Capital of the World®. Besides being the state capital of Texas, Austin is also the hub for creative culture in the state. It’s home to the University of Texas at Austin and is as well-known for live music as for Tex-Mex cuisine. South by Southwest (also known as SXSW) and Austin City Limits (ACL) music festivals take over the city each spring and fall. They each provide unique opportunities to experience some of the best touring musical acts in the world while also bringing hundreds of thousands of visitors into the city, making everyday life more challenging for residents.
Austin’s key culinary exports include Tex-Mex items like queso dip and breakfast tacos, Texas-style barbecue, and locally brewed beer. But like any hip city, there is a wide variety of cuisines and price points, so you can find restaurants that suit your taste, whether from an inventive food truck or a high-end sushi restaurant.
Besides food and music, Austin has plenty of parks and outdoor spaces. Known as the city’s crown jewel, the Barton Springs Pool is a must-visit outdoor swimming pool fed by natural springs and is three acres in size.
Austin Real Estate Market Trends
In January 2023, Austin home prices were down 6.3% compared to last year, selling for a median price of $525K. There were 485 homes sold in January this year, down from 778 last year. On average, homes in Austin sell after 75 days on the market compared to 38 days last year.
Austin, TX, Summary
- There are 4650 active home listings and 485 new homes for sale in Austin, TX.
- On average, homes in Austin, TX, sell after 82 days on the market compared to 42 days last year.
- Austin, TX, is part of the Travis County R-1 School District, with 231 Elementary Schools, 122 Middle Schools, and 94 High Schools.
- The average rating of all the schools in Austin, TX, is 5 out of 10 by GreatSchools.
Home values in Austin, TX
Austin is a city in Texas and consists of 92 neighborhoods.There are 4,099 homes for sale, ranging from $75K to $35M. Austin has affordable duplexes/triplexes and affordable condos/townhomes.
Austin, TX Housing Market
- The median listing home price in Austin, TX, was $610K in February 2023, trending 7.2% year-over-year. The median listing home price per square foot was $349.
- Austin, TX, is a buyer's market in February 2023, which means that the supply of homes is greater than the demand for homes.
- On average, homes in Austin, TX, sell after 92 days on the market. The trend for median days on the market in Austin, TX, has increased since last month and slightly up since last year.
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Austin Migration & Relocation Trends
In Dec ’22 – Feb ’23, 27% of Austin homebuyers searched to move out of Austin, while 73% looked to stay within the metropolitan area.
Where are people moving to Austin from?
- Across the nation, 1% of homebuyers searched to move into Austin from outside metros.
- San Francisco homebuyers searched to move into Austin more than any other metro, followed by Los Angeles and Chicago.
Where are people from Austin moving to?
- 73% of Austin homebuyers searched to stay within the Austin metropolitan area.
- San Antonio was the most popular destination among Austin homebuyers, followed by Killeen and Corpus Christi.
Top Schools in Austin, TX
Austin, TX, hosts 307 public schools rated good and higher by GreatSchools. You can also find 98 private and charter schools.
Amenities near Austin, TX
You can find dozens of grocery stores and hundreds of cafes and restaurants in Austin, TX.
Grocery Stores
- Central Market
- Phoenicia Specialty Foods
- Trader Joe's
- H-E-B
- Whole Foods Market
Coffee Shops
- Cafe Java - Austin
- Cafe Java - Round Rock
- Paperboy
- Tyson's Tacos
- Cenote
- Epoch Coffee
- Cherrywood Coffeehouse
- Thai Fresh
- Halcyon
- Kerbey Lane Cafe - Round Rock
Restaurants
- Home Slice Pizza
- Round Rock Donuts
- Uchi
- Bouldin Creek Cafe
- Odd Duck
- Valentina's Tex-Mex BBQ
- Bangers Sausage House & Beer Garden
- Juan In A Million
- Hopdoddy Burger Bar
- Lamberts Downtown Barbecue
Homes For Sale in Austin, TX
There are 4,099 homes for sale in Austin, TX, 1,067 of which were newly listed within the last week. Additionally, 10,082 rentals start at $520 per month.
All Neighborhoods in Austin, TX
Neighborhoods |
Median Listing Home Price |
Listing |
For Sale |
For Rent |
Downtown Austin |
$825K | $959 | 131 | 564 |
West Oak Hill |
$675K | $307 | 51 | 223 |
Bluff Springs |
$449.5K | $258 | 143 | 162 |
Zilker |
$1.2M | $727 | 53 | 170 |
North Austin |
$465K | $320 | 44 | 105 |
Garrison Park |
$599K | $384 | 36 | 82 |
Gracy Woods |
$449.5K | $306 | 49 | 194 |
South Lamar |
$844.9K | $485 | 62 | 86 |
Tarrytown |
$2.5M | $847 | 41 | 48 |
Anderson Mill |
$590K | $300 | 52 | 146 |
Dittmar - Slaughter |
$492.5K | $318 | 46 | 129 |
Tech Ridge |
$425K | $268 | 30 | 154 |
Travis Heights |
$1.6M | $795 | 36 | 77 |
MLK-183 |
$570K | $442 | 57 | 30 |
McNeil |
$539K | $310 | 26 | 258 |
South Brodie |
$500K | $253 | 22 | 17 |
Windsor Park |
$560K | $405 | 35 | 101 |
Circle C Ranch |
$939.9K | $308 | 25 | 13 |
South Manchaca |
$674.9K | $462 | 40 | 27 |
Explore Austin, TX
There are 92 neighborhoods in Austin. Tech Ridge is the most affordable neighborhood, with a median listing home price of $425K. Tarrytown has a median listing home price of $2.5M, making it the most expensive neighborhood.
Get Connected With A Trusted Real Estate Professional
Are you buying or selling a home in Austin? Contact Full Circle RE Austin now to get started!
Our agents can find the right home for your needs and budget and help you navigate this competitive market. We specialize in real estate negotiations, brokerage, property investment, property management, and leases.
Whether you are looking to buy your first home, invest in rental properties, or relocate to a new city, Austin offers an exceptional real estate market that will meet your needs.