Best in Texas: Central Austin’s Real Estate Dynamics: A Detailed Look at April 2024’s Market Trends and Sales Performance by ALEX.realestate

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

Central Austin includes the following Zip Codes: 78701, 78703, 78705, 78712, 78751 and 78756.

SUMMARY TABLE:

MONTHLY TREND: 0%
Predicted Monthly Trend: -2.12% DECREASE from prior month
Sales Net of Monthly Trend: A +2.12% POSITIVE difference in actual vs predicted sales

TOTAL SALES: 30

No change from the previous month.
Up 25% from the same month last year.

TOTAL NET SALES VOLUME: $46,594,000

No change from the previous month.
Up 19% from the same month last year

NET SALE PRICE PER SQUARE FOOT:

$671 per square foot average:
Up 7% from the previous month.
Up 5% from the same month last year.

$641 per square foot median:
Up 10% from the previous month.
Down 3% from the same month last year.

NET SALE PRICE:

$1,551,000 average:
No change from the previous month.
Down 4% from the same month last year.

$1,213,000 median:
Up 15% from the previous month.
Down 15% from the same month last year.

LIST PRICE PER SQUARE FOOT:

$708 per square foot average:
Up 9% from the previous month.
Up 5% from the same month last year.

$656 per square foot median:
Up 4% from the previous month.
No change from the same month last year.

LIST PRICE:
$1,617,000 average:
Up 1% from the previous month.
Down 6% from the same month last year.

$1,263,000 median:
Up 15% from the previous month.
Down 17% from the same month last year.

DISCOUNT FROM LIST PRICE:

-10.3% average discount:
Up 5% from the previous month.
Up 437% from the same month last year.

-6.1% median discount:
Up 2% from the previous month.
Up 16% from the same month last year.

DAYS FROM LISTING TO ESCROW:

67 average days on market:
Down 31% from the previous month.
Up 16% from the same month last year.

25 median days on market:
Down 67% from the previous month.
Down 44% from the same month last year.

HIGH NET SALE PRICE PER SQUARE FOOT: $968

Down 17% from the previous month.
Up 13% from the same month last year.

NOTE: We do not audit ABOR data. We assume unusual numbers (spikes) are probably due to a Listing Agent misclassifying a property as “Single Family Residential” and/or data entry errors

HIGH NET SALE PRICE: $4,610,000

Down 37% from the previous month.
Up 21% from the same month last year

NOTE: We do not audit ABOR data. We assume unusual numbers (spikes) are probably due to a Listing Agent misclassifying a property as “Single Family Residential” and/or data entry errors

ALEX knows more about Central Austin area than just about anybody.

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

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