Search luxury homes for sale in South Austin, known for its distinctive appeal and vibrant nightlife scene.
As of the October 2023, here is an overview of the South Austin, TX housing market:
Median Sale Price: The median sale price of a home in South Austin was $511,000 last month, representing a slight decrease of 2.9% compared to the previous year. This indicates a relatively stable pricing environment in the area.
Price Per Square Foot: The median sale price per square foot in South Austin is $296, reflecting a 8.5% decrease since the previous year. Changes in price per square foot can provide insights into shifts in property values.
Days on Market: Homes in South Austin are taking an average of 55 days to sell. This figure is consistent with the previous year's average. A constant time on the market suggests a stable demand for homes.
Competitiveness: The housing market in South Austin is described as somewhat competitive. On average, homes receive two offers, and some houses even receive multiple offers. Homes typically sell for about 3% below the list price.
Total Homes Sold: In the recent period, 192 homes were sold in South Austin. This information can indicate market activity.
106,275 people live in SOUTH AUSTIN, where the median age is 35 and the average household income is $87,644. Data provided by the U.S. Census Bureau.
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