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Current Trends in Austin's Real Estate Market

As a real estate agent in Austin, Texas, with a background degree in economics, I've been closely monitoring the trends in our local real estate market. Here's an overview of the current trends compared to last year's sales averages.

Current Trends in Austin's Real Estate Market

In 2023, the Austin real estate market continues to show strong growth. The average sale price for homes in Austin, Texas, in 2023 varies significantly based on location, size, and other factors. For instance, the Zestimate for recently sold homes ranges from around $294,300 to as high as $6,848,600.

Comparison to Last Year's Sales Averages

Comparing these prices to the average sale price of homes in Austin, Texas, in 2022, we can see a significant increase. In 2022, the Zestimate for recently sold homes ranged from approximately $194,7500 to $6,915,800.

This upward trend in home prices is a testament to Austin's robust real estate market, driven by factors such as population growth, economic development, and increasing demand for housing.

However, it's important to note that while the market is currently strong, real estate trends can change due to various factors, including changes in the economy, interest rates, and housing policies. Therefore, whether you're a buyer or a seller, it's crucial to stay informed about the latest market trends and work with a knowledgeable real estate agent who can guide you through the process.

If you have real estate questions, or looking for a strategy for buying/selling properties here, I can help. Book a time in my calendar below.

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“I highly recommend Jonny as a realtor to help sell your home! He comes with all the skills and contacts (contractors, stagers, designers, etc.) to make the process successful. He is a great listener and highly responsive. We could not have asked more from a realtor to help us selling our first home. Thanks Tim!”
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F.G
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"Jonny helped make my first home buying experience easy and straightforward, giving me good and honest advice on evaluating houses, making offers, negotiating, and generally being very responsive to questions or concerns that I had during the process."
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J.P
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Buyer
“My husband and I were the first time home buyers. We contacted Jonny just couple of months after moving to San Francisco. Simon really helped us to learn about different neighbourhoods in SF. He showed us all the apartments that we wanted to visit even the ones that we could not afford. He is a good negotiator and we end of buying an apartment below the asked price.”
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S.A
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Buyer
“After meeting with a few real estate agents, we decided to choose Jonny for our home purchase and we were not disappointed. Tim was always a text or a phone call away and provided us with everything we needed and more. He was with us every step of the way during the experience and we couldn’t have asked for a better agent. He is extremely knowledgable of the current market landscape and helped us negotiate for an offer below asking in the San Francisco market (amazing right?!). He is kind, friendly and will always have your best interest in mind when he is assisting in your home purchase. We wholeheartedly believe that if we had chosen another real estate agent to work with we might not have been able to purchase our home since Tim brings a bunch of intangible skills to the table that other agents simply do not possess. We would highly recommend Tim to our friends and family and we will not think twice about working with him again in the future.”
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E.Y
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Buyer
“I highly recommend Jonny! He knows the market very well and he is a very knowledgeable and responsive real estate agent. If you want to work with an expert who looks out for you and your best interest, Tim is the best choice!”
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Y.C
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Buyer
“Get the most money, prep and marketing for your home while minimizing the stress and time it takes to sell it.”
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D.C
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Seller

Jonny is a big fan of high performing systems which is reflected in his approach to the real estate business. His clients rave about his efficiency & effectiveness in all tasks.

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