Southwest Austin Dripping Springs Edition | April 2023

REAL ESTATE

Snapshot of the Southwest Austin & Dripping Springs market

MARKET DATA FOR MARCH

SOUTHWEST AUSTIN DRIPPING SPRINGS

AUSTINROUND ROCK METRO

360

March

2022

2023

2022

2023

Data from the Austin Board of Realtors shows the median home price in both the Austin-Round Rock metro and Southwest Austin decreased. The months of housing inventory available more than tripled.

MOPAC

78749

379 286

3,302 2,804

78620

78736

Closings

78735

78745

Median price New listings

$675K $573K

$521K $450K

290

463 535

4,150 4,385

78737

74748

Months of inventory

0.5 2.5

0.5

HOMES SOLDAVERAGE DAYS ON THE MARKET

78620

78735

78736

78737

78739

78745

78748

78749

$1 million+

6/74

6/37

—

9/60

4/60

5/70

—

$800,000–$999,999

11/29

—

1/172

3/130

5/19

3/117

3/6

1/134

$600,000–$799,999

7/75

1/89

1/63

11/62

5/40

10/41

9/53

12/49

$500,000–$599,999

6/86

1/12

2/124

3/43

1/8

15/43

12/92

12/69

$400,000–$499,999

7/132

—

2/65

1/21

—

11/39

25/53

6/62

$300,000–$399,999

2/148

—

7/71

10/63

—

$200,000–$299,999

—

$150,000–$199,999

—

$149,999 or less

—

MEDIAN PRICE OF HOMES SOLD WITH YEAROVERYEAR PERCENTAGE CHANGE

2022 2023

78620

78735

78736

78737

78739

78745

78748

78749

$1.6 million

$1.4 million

8.19%

$1.2 million

$1 million

+0.89%

$800,000

12.7%

$600,000

15.17%

15.27%

$400,000

11.86%

30.39%

15.45%

$200,000

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