Southwest Austin | Dripping Springs - May 2022

REAL ESTATE

Snapshot of the Southwest Austin and Dripping Springs market

HOMES SOLDAVERAGE DAYS ON THE MARKET 78735 78736 78737 78739 78745

360

78749

78747

78748 78749 78620

MOPAC

78736

$1 million+

7/8

1/6

10/18

20/6

8/13

—

1/27 9/18 20/4 18/7 24/11

1/1

17/18

78735

78620

$800,000–$999,999 4/5 $600,000–$799,999 2/0

—

9/7

4/6 6/7

7/7

1/6 2/5

22/8 17/28 8/33

11/8

78745

1/2 2/7 2/6 1/13

5/18

32/6 17/5 6/13 3/17

13/18

290

$500,000–$599,999

—

1/3

— — — — — —

13/23 13/21

7/5

78747

$400,000–$499,999 1/3

— — — — —

3/5

—

78737

78739

$300,000–$399,999 $200,000–$299,999 $150,000–$199,999

— — —

2/5

1/4

— — — —

1/8

74748

— — —

$149,999 or less

2/27

MARKET DATA FOR APRIL For more than a year, Austin’s real estate market has shown rising price values and low availability, both of which led to record-high 2022 property appraisals, according to experts. This month, Austin Board of Realtors data shows values remain high, but housing stock has increased from 0.5 months to 0.7 months.

MEDIAN PRICE OF HOMES SOLD WITH YEAROVERYEAR PERCENTAGE CHANGE

2021

2022

78735

78736 78737

78739 78745

78747

78748 78749 78620

$1.4 million

+25.64%

$1.2 million

+27.85%

+24.18%

+22.22%

$1 million

+24.83%

NUMBER OF CLOSINGS 2021

+20.76%

+18.88%

12.5%

$800,000

+20.43%

$600,000

2022

$400,000

432 384

APRIL

$200,000

DATA PROVIDED BY THE AUSTIN BOARD OF REALTORS, WWW.ABOR.COM

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TRAVIS COUNTY WANTS TO DO BUSINESS WITH YOU Travis County Purchasing Office is located at 700 Lavaca Street Suite 800 Austin, Texas 78701 Phone: 512 854-9700

Visit our website for current solicitations. https://www.traviscountytx.gov/purchasing

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