ATX Housing Market Statistics for February 2021
And the numbers are in for Austin, TX (ATX) for February 2021! The Central Texas region started off strong and numbers continue to climb quickly in year over year comparisons with growth. This should come as no surprise given the available inventory compared to the amount of interested homebuyers shopping right now.
The following infographic and data is courtesy of the Austin Board of Realtors.
This is a $30,000 median price point jump from January’s statistics. New listings are down slightly from January’s numbers as well. Link to that blog post here: https://nothteam.com/atx-
The city of Austin proper is up 24% to $491,000 for median home price
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- If the housing market trends continues, Austin will hit a median price point of $500,000 in the near future.
The lack of inventory has had a ripple effect on surrounding markets as well with trends of multiple offers, bidding wars, cash offers, and competitive terms being frequently seen
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- Adjacent suburbs such as Round Rock, Cedar Park, Pflugerville have felt these effects for several months
- More distant markets such as Georgetown, Hutto, Manor, Jarrell, and Buda have begun to see this pattern
Local news outlets highlight company HQ relocations to the city on an almost weekly basis. At least 15 companies have announced headquarter relocation plans to Austin, TX in 2021 to date. It is strongly worth noting that many of the relocations have not yet occurred. This indicates the Austin area will likely have additional housing needs for those relocating in the months ahead.
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Disclaimer: The information provided here is for educational purposes only, past performance is never a guarantee of future performance.
