Austin MLS, Mar 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 March 2024. In about 60 seconds know more about the Austin MLS real estate market than almost anyone! 

In the Austin MLS for March 2024, there was a significant number of sales with an uptick from the previous month but a slight decline year over year. The sales were below the predicted trend increase. The median sales price per square foot was stable month-over-month, while the median discount deepened, and homes sold faster than in the previous month.

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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.

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MARKET & TREND

2,617 total sales:

• Up 25% from the previous month. Down 2% from the same month last year.

Predicted a 32.4% INCREASE from the previous month.

• Sales Net of Monthly Trend: A 7.4% NEGATIVE difference in actual vs predicted sales.

$1,500,716,644 total net sales volume:

• Up 30% from the previous month. Up 1% from the same month last year.

NET SALE PRICE:

$567,722 average:

• Up 4% from the previous month. Up 3% from the same month last year.

$253 per square foot average:

• Up 2% from the previous month. No change from the same month last year.

$434,490 median:

• No change from the previous month. No change from the same month last year.

$216 per square foot median:

• No change from the previous month. Down 1% from the same month last year.

LIST PRICE:

$589,961 average:

• Up 4% from the previous month. Up 2% from the same month last year.

$262 per square foot average:

• Up 2% from the previous month. No change from the same month last year.

$450,000 median:

• No change from the previous month. Down 2% from the same month last year.

$224 per square foot median:

• No change from the previous month. Down 2% from the same month last year.

DISCOUNT FROM LIST PRICE:

6.7% average discount:

• Down 15% from the previous month. Down 35% from the same month last year.

3.7% median discount:

• Down 26% from the previous month. Down 40% from the same month last year.

DAYS FROM LISTING TO ESCROW:

81 average days on market:

• Down 13% from the previous month. Up 2% from the same month last year.

46 median days on market:

• Down 30% from the previous month. Down 18% from the same month last year.

LUXURY INSIGHTS:

$8,000,000 high net sale:

• Up 6% from the previous month. Down 14% from the same month last year.

$2,802 per square foot high net sale:

• Up 179% from the previous month. Down 10% 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

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

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

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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?

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

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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