Best in Texas™: East Austin Market Surges: 33% Increase in Sales for April 2024 – Discover the Latest Trends! by ALEX.realestate

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

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SUMMARY TABLE:

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MONTHLY TREND:+33%

• Predicted Monthly Trend: -2.12% decrease from the prior month.
• Sales Net of Monthly Trend: +35.12% positive difference in actual vs. predicted sales.

TOTAL SALES: 116

• Up 33% from the previous month.
• Up 25% from the same month last year.

TOTAL NET SALES VOLUME: $72,241,000

• Up 45% from the previous month.
• Up 29% from the same month last year.

NET SALE PRICE PER SQUARE FOOT:

• $395 per square foot average:
  • Up 8% from the previous month.
  • Up 3% from the same month last year.
• $393 per square foot median:
  • Up 8% from the previous month.
  • Up 12% from the same month last year.

NET SALE PRICE:

• $618,476 average:
  • Up 9% from the previous month.
  • Up 3% from the same month last year.
• $515,500 median:
  • Up 3% from the previous month.
  • Down 8% from the same month last year.

LIST PRICE PER SQUARE FOOT:

• $409 per square foot average:
  • Up 8% from the previous month.
  • Up 4% from the same month last year.
• $409 per square foot median:
  • Up 9% from the previous month.
  • Up 15% from the same month last year.

LIST PRICE:

• $641,544 average:
  • Up 9% from the previous month.
  • Up 5% from the same month last year.
• $525,000 median:
  • Up 3% from the previous month.
  • Down 9% from the same month last year.

DISCOUNT FROM LIST PRICE:

• -6.7% average discount:
  • Down 20% from the previous month.
  • Down 4% from the same month last year.
• -3.9% median discount:
  • Down 15% from the previous month.
  • Up 22% from the same month last year.

DAYS FROM LISTING TO ESCROW:

• 79 average days on market:
  • Up 10% from the previous month.
  • Up 28% from the same month last year.
• 32 median days on market:
  • Down 13% from the previous month.
  • Up 5% from the same month last year.

HIGH NET SALE PRICE PER SQUARE FOOT: $1,019

• Up 52% from the previous month.
• Up 26% 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 error

HIGH NET SALE PRICE: $1,800,000

• Up 47% from the previous month.
• Up 33% 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 error

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ALEX knows more about East 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