Best in Texas™: Manor Real Estate Market Update: April 2024 Sees Significant Sales Drop – What’s Driving the Change? by ALEX.realestate

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

NOTE: Manor is served by more than one MLS. ALEX Labs suggests the trends and statistics are valid for the Austin MLS are valid for the total market.

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SUMMARY TABLE:

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MONTHLY TREND: -25%

Predicted Monthly Trend: -2.12% DECREASE from the prior month.
Sales Net of Monthly Trend: -22.88% NEGATIVE difference in actual vs. predicted sales.

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TOTAL SALES: 51

• Down 25% from the previous month.
• Down 30% from the same month last year.

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TOTAL NET SALES VOLUME: $19,804,115

• Down 24% from the previous month.
• Down 29% from the same month last year.

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NET SALE PRICE PER SQUARE FOOT:

• $184 per square foot average:
  • Up 3% from the previous month.
  • Down 2% from the same month last year.
• $195 per square foot median:
  • Up 11% from the previous month.
  • Up 4% from the same month last year.

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NET SALE PRICE:

• $380,000 average:
  • Up 2% from the previous month.
  • Up 1% from the same month last year.
• $379,490 median:
  • Up 4% from the previous month.
  • Up 6% from the same month last year.

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LIST PRICE PER SQUARE FOOT:

• $192 per square foot average:
  • Up 3% from the previous month.
  • Down 2% from the same month last year.
• $197 per square foot median:
  • Up 9% from the previous month.
  • Up 1% from the same month last year.

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LIST PRICE:

• $396,000 average:
  • Up 2% from the previous month.
  • Up 1% from the same month last year.
• $395,000 median:
  • Up 4% from the previous month.
  • Up 5% from the same month last year.

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DISCOUNT FROM LIST PRICE:

• -5.8% average discount:
  • Down 15% from the previous month.
  • Down 42% from the same month last year.
• -3.3% median discount:
  • Down 25% from the previous month.
  • Down 38% from the same month last year.

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DAYS FROM LISTING TO ESCROW:

• 71 average days on market:
  • Down 23% from the previous month.
  • Down 15% from the same month last year.
• 56 median days on market:
  • Down 33% from the previous month.
  • Up 8% from the same month last year.

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HIGH NET SALE PRICE PER SQUARE FOOT: $247

• Down 1% from the previous month.
• Down 13% from the same month last year.

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HIGH NET SALE PRICE: $662,000

• Up 19% from the previous month.
• Down 5% 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 Manor 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