How Fast Are Homes Selling in Your Austin Area Community?

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Are you interested in finding out how fast homes are selling, right now--in your community or your part of town? Here are the numbers. If you are considering selling and you want to talk about your specific home and community--get in touch. Let's Talk.


Steiner Ranch:

•  24% of homes currently under contract went under contract in 9 days or less!
• Comment:  The median days on market is still up around 57 days for contract homes, which means many sellers are either not pricing homes to market, not preparing homes properly to sell or not getting as much attention as the homes that are selling in 1 week's time.

River Place:

• 25% currently under contract--did so in less than 1 week
• 50% currently under contract--did so in less than 3 weeks
•  Comment: River Place is a smaller community, but prominent community in Austin. Median home price for sold and pending this year to date is just under $450,000.

Westminster Glen:

•  50% of the homes currently under contract--did so in 1 week or less
•  Comment: With only a hand full of homes in the community, Westminster has the single most luxurious collection of homes in the River North area. Homes under $1.25M have gotten off to a strong start this year, with homes sales from $665k to $1.1M.

 Westwood High School communities:

• 52% of homes went under contract in 12 days or less! 
• An incredible 32% of these homes during the first 3 days or less!
• Comment: The Westwood High School communities have always been and continue to be one of Austin's most desirable areas to live! Spicewood. Balcones. Canyon Creek. Oak Forest. Barrington Oaks. Great Hills.

Tarrytown community:

• 30% of homes went under contract in 8 days or less! Many during the first 24 hours on the market.
• Comment: The median home value of homes currently under contract is almost $725,000 and the most expensive home under contract now is $6.95M. Homes are moving fast in and around Tarrytown again.

Westlake:

• 30% of homes went under contract in 7 days or less
• Comment: This is a really important bench mark area of Austin, due to the price/value of homes in the area. With 30 homes currently under contract and the average price of those homes listed at $1.1M, this is a strong indication of how vibrant and fast moving all of the Austin market is today--including the all important luxury market.

Mueller and Surround Communities of East Austin:

• 35% of homes went under contract in 8 days or less
• Comment: Locals who were not Real Estate experts, but lived in Austin for many years, used to love to say "Don't buy a home East of I-35...". Well, this sentiment has long-since outlived its usefulness (Personally, I don't think it has ever been a useful thought, as this area is just as close to downtown Austin are much more expensive areas in Central and West Austin--but it is less expensive). The thing that Realtor know, or should know, is that East Austin has been one of the fastest appreciating areas in Austin for the past 5 years and in all likelihood will continue to be so.

Circle C Ranch:

• 36% of homes went under contract in 14 days or less
• Comment: Like Steiner Ranch, CCR tends to move when school is out, so to have so much movement this early in the year in these communities is surprising. 29 homes are currently under contract to close.

 Cedar Park under $200K:

• 46% of homes went under contract in 12 days or less
• Comment: 24% of these homes are going under contract in 4 days or less! And many of these homes in Cedar Park and across Austin are getting multiple offers. When the price is right and the home shows well, it is selling fast!

Cedar Park over $200K:

• 41% of homes went under contract in 14 days or less!
• Comment: There are actually more homes under contract over $200 than under $200k. The median price in this range is $282k, with the most expensive home coming in at $749,000.

Round Rock listed under $200K:

• 47% of homes went under contract in 14 days of less!
• Comment: There are 162 homes currently under contract in this price bracket. It used to be that an investor or first time home buyer could find a really nice little home in East Round Rock for about $115-120,000. I will say that getting to those price points in Round Rock today is very difficult and comes with more trade-offs of condition, age and concerns of future value. Entry price points in Round Rock and Cedar Park are going up!

Round Rock listed above $200K:

• 37% of homes went under contract in in 15 days or less!
• Comment: The temptation is to divide Round Rock East and West, but I believe a division by the Greater Austin Median benchmark is much more appropriate to the community values that we see in the area. 163 homes in this price range are currently under contract in Round Rock!

South Austin, East of MoPac, from 78704 to William Cannon Blvd:

• 33% of homes went under contract in 3 days! or less
• This is another hot area in Austin--as you might surmise from this number. 78704 continues to be the hot area for the Austin Food Trucks, Shopping and downtown night life. Access to "All things Austin", especially entertainment and food is so accessible to this area--that the desirability of living in this area is easily understood.

If you would like to talk about selling your home in the Greater Austin area, Round Rock or Cedar Park--please do get in touch with me to discuss your homes value and how we can get the greatest visibility and market exposure for your home ASAP. 

I look forward to hearing from you. 
Tim Thornton.