Best in Texas™: South Austin’s April Real Estate Surge: Unpacking a 40% Jump in Sales Volume and Market Dynamics by ALEX.realestate

ALEX Labs just completed analysis of South Austin single family sales reported to the Austin Board of Realtors for April 2024. In about 60 seconds know more about the South Austin real estate market than almost anyone! In our analysis, South Austin is defined as the 78704 Zip Code. The area traditionally known as “South Austin.”

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SUMMARY TABLE:

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MONTHLY TREND:

MONTHLY TREND: +7%

• Predicted Monthly Trend: -2.12% decrease from the previous month.
• Sales Net of Monthly Trend: +9.12% positive difference in actual vs. predicted sales.

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TOTAL SALES: 31

• % Change from Prior Month: +7%
• % Change Same Month Last Year: -3%

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TOTAL NET SALES VOLUME: $45,675,750

• % Change from Prior Month: +40%
• % Change Same Month Last Year: 0%

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NET SALE PRICE PER SQUARE FOOT:

• Average: $685
  • % Change from Prior Month: +7%
  • % Change Same Month Last Year: +2%
• Median: $645
  • % Change from Prior Month: +10%
  • % Change Same Month Last Year: +5%

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NET SALE PRICE:

• Average: $1,467,260
  • % Change from Prior Month: +30%
  • % Change Same Month Last Year: +4%
• Median: $1,320,000
  • % Change from Prior Month: +47%
  • % Change Same Month Last Year: +12%

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LIST PRICE PER SQUARE FOOT:

• Average: $710
  • % Change from Prior Month: +6%
  • % Change Same Month Last Year: +1%
• Median: $669
  • % Change from Prior Month: +12%
  • % Change Same Month Last Year: +3%

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LIST PRICE:

• Average: $1,527,287
  • % Change from Prior Month: +29%
  • % Change Same Month Last Year: +3%
• Median: $1,400,000
  • % Change from Prior Month: +47%
  • % Change Same Month Last Year: +12%

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DISCOUNT FROM LIST PRICE:

• Average: -8.2%
  • % Change from Prior Month: -38%
  • % Change Same Month Last Year: -15%
• Median: -5.3%
  • % Change from Prior Month: -41%
  • % Change Same Month Last Year: -12%

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DAYS FROM LISTING TO ESCROW:

• Average: 115 days
  • % Change from Prior Month: +25%
  • % Change Same Month Last Year: +28%
• Median: 32 days
  • % Change from Prior Month: -62%
  • % Change Same Month Last Year: -43%

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

• % Change from Prior Month: -22%
• % Change Same Month Last Year: +4%

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HIGH NET SALE PRICE: $3,669,808

• % Change from Prior Month: -3%
• % Change Same Month Last Year: -1%

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ALEX knows more about South 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