Austin, Texas Real Estate Market Update and Statistics February 2015
published on February 20, 2015
Austin Home Prices Hit All-Time January High
2015 is off to a strong start for the Austin-area housing market. Single-family home prices reached all-time highs for the month of January, according to an Austin Board of REALTORS® report based on data from the Multiple Listing Service (MLS.) Home sales also posted double digit increases.
The median price for Austin-area homes increased 13 percent year-over-year to $240,000, with the average price increasing 14 percent to $310,187. This January 2015 home price increase is the highest year-over-year increase since September 2013.
In January, 1,547 single-family homes were sold, 11 percent more than January 2014. Fifty-four percent were in the $200k-$500k price range, and 35 percent sold for under $200k.
The total volume of single-family properties sold was $479,859,289, 27 percent more than January 2014.
Inventory supply was up .2 months compared to January 2014, but still over four months shy of what the Real Estate Center at Texas A&M University considers a balanced market. Active listings were up nine percent, and new listings increased one percent. Homes were selling in the same amount of time: an average of 63 days.
January 2015 Sold Homes
- Number of sold homes: 1,547 (Up 11% compared to January 2014)
- Average sold price: $310,187 (Up 14% compared to January 2014)
- Median sold price: $240,000 (Up 13% compared to January 2014)
- Days on the Market: 63 (Equal to January 2014)
Single-Family Homes on the Market
- New listings: 2,360 (Up 1% compared to January 2014)
- Active listings: 5,005 (Up 9% compared to January 2014)
- Pending sales: 2,026 (Up 4% compared to January 2014)
Austin Home Price Estimate
What's your home worth? Use our instant home price estimator to get an idea of what your home might sell for on the market today.