Southwest Austin | Dripping Springs - June 2022

REAL ESTATE

Snapshot of the Southwest Austin and Dripping Springs market

MARKET DATA FOR MAY More than three times the number of homes were listed in May 2022 than May 2021, per Austin Board of Realtors data.

HOMES SOLDAVERAGE DAYS ON THE MARKET 78735 78736 78737

78739 78745

78747

78748 — 7/4 23/7 33/13

78749 4/4

78620 18/17 14/52 11/9

$1 million +

8/5

—

16/18

21/8

—

$800,000-$999,999

8/15

5/32

13/13

8/7

—

10/4 18/7 6/4

360

$600,000-$799,999

5/5

1/35

9/13

3/6

3/54

78749

MOPAC

$500,000-$599,999

—

2/5

—

13/26

3/5 2/5

78736

78735

$400,000-$499,999

—

19/11

14/5 1/26

— — — —

78620

$300,000-$399,999

—

1/4

—

1/0

— — —

78745

290

$200,000-$299,999

—

— —

78747

78737

$150,000–$199,999

—

78739

74748

MEDIAN PRICE OF HOMES SOLD WITH YEAR OVER YEAR PERCENTAGE CHANGE

2021

2022

SOUTHWEST AUSTIN

78735

78736 78737

78739 78745

78747

78748 78749 78620

May

2021

2022

$1.6 million

$1.4 million

464

415

Closings

+19.09%

$1.2 million

+18.5%

+4.68%

+23.21%

Median Price New listings

$1 million

+17.78%

$602,000 $710,000

+23.97%

+26.24%

$800,000

+15.46%

+25.08%

$600,000

167

538

$400,000

Months of inventory

0.4

0.9

$200,000 $0

ESTATE HOMES FROM THE $900’s Move-in 2022

Compass Development Marketing Group is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. Photos may be virtually staged or digitally enhanced and may not r eflect actual p roperty conditions.

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