Best in Texas™: City of Austin’s April 2024 Sales Surge and Prices Climb, Unveiling Robust Market Growth by ALEX.realestate

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

SUMMARY TABLE:

MONTHLY TREND: +11%
Predicted Monthly Trend: -2.12% DECREASE from prior month
Sales Net of Monthly Trend: A +13.12% POSITIVE difference in actual vs predicted sales

TOTAL SALES: 797

Up 11% from the previous month.
Up 16% from the same month last year.

TOTAL NET SALES VOLUME: $683,857,000

Up 18% from the previous month.
Up 20% from the same month last year

NET SALE PRICE PER SQUARE FOOT:

$366 per square foot average:
Up 3% from the previous month.
Up 1% from the same month last year.

$315 per square foot median:
Up 3% from the previous month.
Up 2% from the same month last year.

NET SALE PRICE:

$853,000 average:
Up 5% from the previous month.
Up 4% from the same month last year

$628,000 median:
Up 5% from the previous month.
No change from the same month last year.

LIST PRICE PER SQUARE FOOT:

$377 per square foot average:
Up 3% from the previous month.
Up 1% from the same month last year.

$320 per square foot median:
Up 2% from the previous month.
Up 1% from the same month last year.

LIST PRICE:

$881,000 average:
Up 5% from the previous month.
Up 4% from the same month last year.

$648,000 median:
Up 4% from the previous month.
Up 2% from the same month last year.

DISCOUNT FROM LIST PRICE:

-5.3% average discount:
Up 19% from the previous month.
Down 11% from the same month last year.

-2.8% median discount:
Down 25% from the previous month.
Down 18% from the same month last year.

DAYS FROM LISTING TO ESCROW:

60 average days on market:
Down 16% from the previous month.
Up 10% from the same month last year.

19 median days on market:
Down 44% from the previous month.
No change from the same month last year.

HIGH NET SALE PRICE PER SQUARE FOOT: $1,121

Down 28% from the previous month.
Down 12% 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: $8,000,000

Up 10% from the previous month.
Up 16% 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 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