REAL ESTATE
Snapshot of the market
MARKET DATA FOR JULY The real estate market in Southwest Austin and Dripping Springs continues to see lower prices and more inventory than last year as the housing market stabilizes.
HOMES SOLD AVERAGE DAYS ON THE MARKET
78620
78735
78736
78737
78739
78745
78748
78749
$1 million+
6/65 8/98
8/74 3/29 3/40 2/38
4/37 2/69 2/12 1/54 2/19 1/97 1/95
5/51
9/22 7/25 7/40
1/8
—
1/7 1/5
$800,000–$999,999 $600,000–$799,999 $500,000–$599,999 $400,000–$499,999 $300,000–$399,999 $200,000–$299,999 $150,000–$199,999
11/94 8/33
2/50 4/42
5/8
13/133 10/97
9/54
14/10 20/29
71
— — — — — —
1/31
10/51 20/32 1/171 3/42 1/124
10/30 17/37
360
5/84 4/70
— — — — —
— — — — —
4/58 4/28
78749
MOPAC
9/61
78736
78735
— — —
1/2
— — —
78620
— —
— —
78745
$149,999 or less
—
290
78737
MEDIAN PRICE OF HOMES SOLD WITH YEAR OVER YEAR PERCENTAGE CHANGE
74748
12
35
2022 2023
N
78620
78735
78736
78737
78739
78745
78748
78749
SOUTHWEST AUSTIN DRIPPING SPRINGS
$1.1 million
$1 million
July
2022
2023
$900,000
2.93%
301
276
Closings
$800,000
2.16%
7.01%
Median price New listings
+3.39%
$650K $604.5K
$700,000
$600,000
9.56%
564 396
$500,000
20.56%
$400,000
Months of inventory
20.34% 11.05%
2.3
3.8
$0
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