• Sign Up
  • Log In
Ryan Kelly
Ryan Kelly
(325) 518-1294ryan@teamprice.com
    • Search
    • Areas
    • Properties
      • Search Properties
      • Featured Properties
    • Insight
    • Market Report
    • Market Update
    • About
      • Meet Ryan
      • About Team Price
      • Testimonials
    • Contact
    • Sign Up
    • Ryan Kelly(325) 518-1294
      ryan@teamprice.com
      Copy Email
    • Team Price Real Estate
      7320 N Mo-Pac
      Austin, TX 78731
      (512) 213-0213
      dan@teamprice.com

    Search

    • Search Properties
    • By City
    • By Subdivision
    • By Zip

    Explore

    • Featured Properties
    • Areas
    • Property Search

    Company

    • Guarantee
    • Work with Us
    • Interview Questions
    • Join Our Team

    Resources

    • Insight and Statistics
    • Tenant Pre-Screening
    • Real Estate Forms
    • Real Estate Glossary

    About

    • Home
    • About
    • Agents
    • Testimonials
    • Contact Us

    Account

    • Login
    • Sign Up
    Ryan Kelly - Footer Logo
    • Texas Real Estate Commission Information About Brokerage Services
    • Texas Real Estate Commission Consumer Protection Notice
    © 2025 Team Price Real Estate. All rights reserved.
    Website built by CloseHack.
      Central Texas Multiple Listing Service

      Central Texas MLS | Four Rivers Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Ryan Kelly may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.

      North Texas Real Estate Information Systems

      © 2023 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Ryan Kelly shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright

      Austin Board of Realtors

      The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

      • MLSGrid IDX Data Notice
      • DMCA Notice
      LERA MLS

      Information provided Courtesy of LERA MLS - Local Expertise Regional Access. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is believed to be accurate but not guaranteed. Provided courtesy of the San Antonio Board of Realtors. Copyright 2025 LERA MLS, All Rights Reserved.

      Greater McAllen Association of Realtors

      IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

      Austin Real Estate Market Update - Feb 29, 2024

      Trends, Insights, and Analysis

      Austin Real Estate Market Analysis - February 29, 2024


      by: Team Price Real Estate, Unmatched Agents, Unrivaled Insights
      Published on: Thursday, February 29, 2024 at 1:59pm


      Updated Market Overview: The Austin-Area MLS has witnessed a uptick in active listings, climbing from 9,976 to 10,488—a 5.1% increase. Furthermore, the Months of Inventory have surged by 24.5%, moving from 2.98 to 3.71 months. This shift suggests an expanding inventory that could play a pivotal role in shaping market trends and pricing strategies moving forward.

      ​

      Pricing Dynamics in Austin Real Estate: The average active listing price has seen a 3.2% rise to $556,793, while the median active listing price has gently increased to $440,347. On the transaction side, the average sale price of properties has ascended by 3.4% to $537,529, with the median sale price modestly growing to $430,000, a 1.2% uplift.


      City and Regional Dynamics: Zooming into Austin's city limits, sales have surged by 13.7%, paralleled by a significant 56.3% increase in the Months of Inventory, now standing at 3.45 months. Despite this, both average and median active listing prices have seen reductions of 1.0% and 3.7%, respectively.


      Central Texas Cities and Zip Code Analysis: Month-over-month data shows that 47% of cities have seen price increases, while 53% have faced decreases. Year-over-year, 40% of cities have encountered price growth against 60% experiencing declines. In the detailed tapestry of 75 zip codes, 53% reported monthly price growth, with 44% observing annual increases, contrasting with 45% and 56% registering reductions in the corresponding periods.


      Sales vs. List Price Analysis: The sales-to-list price ratio is currently at 97.28%. This month, 67.13% of properties sold for less than the asking price, a slight adjustment from last month's 72.37%. Conversely, sales at the listed price have risen to 20.74%, and those above the listed price to 12.13%.


      Peak Value Analysis: Austin-Area MLS: The Austin-Area MLS highlights a downward trajectory from peak values. Average list prices have dropped by $21,254, median list prices by $64,900, and average sold prices by $124,575. Furthermore, both average and median sold prices per square foot have decreased by over 20%.


      Peak Value Analysis: City of Austin: Focusing on the City of Austin, Median list prices have fallen by $33,589, average sold prices by $144,988, and median sold prices by $130,000. The cost per square foot has also declined, with average and median sold prices per square foot reducing by approximately 19%.


      The following report, with over 580 pages, dives deep into every facet of the Austin real estate market, focusing on market cycles, affordability, and interest rates, providing essential insights for informed decision-making. Team Price Real Estate, with its expertise and data-driven approach, continues to uphold its commitment to "Where Experience Meets Insight," delivering exceptional service in the Austin real estate market.

      Image Display
      Image

      Austin Area Residential Sales Insights

      Latest Articles


      No articles found.