Austin MLS, Feb 2024, Net Sale Price, Trend, Key Statistics, by ALEX.realestate

ALEX Labs just completed analysis of all Austin MLS single family sales reported to the Austin Board of Realtors for February 2024. In about 60 seconds know more about the Austin MLS real estate market than almost anyone! 

THE ONLY SOURCE

ALEX is the only source of:

(1) Austin MLS Net Sale Price Statistics (Net Sale Price = Sale Price LESS Repairs LESS Seller Contributions to Closing Costs.)

(2) Austin Board of Realtors Monthly Trend Model (Monthly Trend) applied to monthly sales.

(3) Monthly Net Sales and Other Key Statistics for over 45 Markets in the Greater Austin Area.

(4) Comparing % change in number of sales month over month to  Monthly Trend. Georgetown comparative analysis.

MARKET & TREND

2,092 total sales:
Up 25% from the previous month. Up 4% from the same month last year.

Monthly Trend: Predicted a 23.2% INCREASE from the previous month.

Sales Net of Monthly Trend: 1.8% POSITIVE difference in actual vs predicted sales.

$1,150,505,978 total net sales volume:
Up 29% from the previous month. Up 10% from the same month last year.

NET SALE PRICE

$544,352 average:
Up 4% from the previous month. Up 5% from the same month last year.

$247 per square foot average:
Up 3% from the previous month. Up 2% from the same month last year.

$435,058 median:
Up 4% from the previous month. Up 2% from the same month last year.

$215 per square foot median:
Up 2% from the previous month. No change from the same month last year.

LIST PRICE

$568,198 average:
Up 3% from the previous month. Up 5% from the same month last year.

$258 per square foot average:
Up 2% from the previous month. Up 1% from the same month last year.

$450,000 median:
Up 2% from the previous month. Up 1% from the same month last year.

$223 per square foot median:
Up 2% from the previous month. Down 1% from the same month last year.

NET SALE $ % DISCOUNT FROM LIST $

7.9% average discount:
Down 21% from the previous month. Down 29% from the same month last year.

5.0% median discount:
Down 29% from the previous month. Down 39% from the same month last year.

CUMULATIVE DAYS FROM LISTING TO ESCROW

92 average days:
Up 4% from the previous month. Up 16% from the same month last year.

66 median days:
Up 5% from the previous month. Up 6% from the same month last year.

LUXURY INSIGHTS

$1,545,000 high net sale:
Up 47% from the previous month. Up 116% from the same month last year.

$1,004 per square foot high net sale:
Down 81% from the previous month. Down 26% from the same month last year.

ALEX REAL ESTATE STAT PACKS

Get any or all Stat Packs

ALEX Studios currently publishes over 45 Stat Packs in the Greater Austin area including the entire Austin MLS. If you are interested in an area we are not currently publishing, or if you have any questions, contact me. I’m always available! Diane

ALEX knows more about the greater Austin MLS area than just about anybody.

If you have any questions, I am always here. Just call, text or email me.

Diane Hart Alexander, MBA, MHA, CEO, Broker
Alexander Tiffany Southwest dba ALEX.realestate
v 713.591.9902
e diane@alex.realestate

Are you an Agent or Broker in Greater Austin? 

This is NOT a large number of agents game for us. For example, in the Greater Austin Area we will accept up to 65 agents and/or brokers.

Do you want to work with a Broker in the top 2% of Zillow globally who is willing to help you with farming area targeting, lead generation, lead nurturing and lead conversion?

Would you like to be armed with the best and most powerful tools including Stat Packs and 1 Minute Tours?  

Want to know more about ALEX or ALEX Partner positions?

Contact me! Diane

SUMMARY TABLE

DAYS FROM LISTING TO ESCROW

NET SALE PRICE* PERCENT DISCOUNT FROM LIST PRICE

TOTAL NUMBER OF SALES

TOTAL NET SALES* VOLUME

NET SALE PRICE* PER SF

NET SALE PRICE* PER HOME

LIST PRICE PER SF

LIST PRICE PER HOME

HIGH LIST PRICE PER SF & HIGH NET SALE PRICE* PER SF

We do not audit ABOR data. We assume the unusual numbers (spikes) in several months are probably due to Listing Agents misclassifying properties as “Single Family Residential”

HIGH LIST PRICE & HIGH NET SALE PRICE*

PROJECT TEAM

Teale Miller, Consulting Analyst
Janez Novak, Senior Consulting Analyst
George Alexander, Project Lead