Northwest Austin Edition | July 2022

2022

REAL ESTATE EDITION

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REAL ESTATE DATA

Data on the real estate market in Northwest Austin

COMPILED BY JENNIFER SCHAEFER

2021-22 Northwest Austin real estate market at a glance

45 TOLL

78726 78727 78729 78750 78758 78759

620

Much like the rest of Central Texas, the residential real estate markets in Northwest Austin have seen a sharp increase in home prices over the last year. All ZIP codes in the area saw at least a 20% increase in home price, with 78727 and 78759 seeing an almost 30% hike. SOURCE: AUSTIN BOARD OF REALTORSCOMMUNITY IMPACT NEWSPAPER

183

MOPAC

35

360

2222

N

Average days on market

Average home sales price

June 2020-May 2021

June 2021-May 2022

June 2020-May 2021

June 2021-May 2022

78726

78750

28

$581,000

$510,000

+29.15%

+21.08%

$750,350

$617,500

20

18

18

78727

78758

17

16

15

15

14

$418,000

$375,000

14

14

+29.9%

+21.72%

11

$543,000

$456,450

78759

78729

-28.57%

+6.67%

+27.27%

+13.33%

-22.22%

-22.22%

$560,000

$407,391

+27.64%

+29.46%

$520,000

$725,000

78727

78726

78750

78729

78759

78758

National mortgage rate data Mortgage rates steadily declined early in the pandemic with the 30-year xed-rate mortgage dropping to as low as 2.65% in January 2021. Rates have since increased, spiking to their highest point since 2009 as of early May. 30-year xed-rate mortgage 15-year xed-rate mortgage

Number of homes sold

June 2020-May 2021

June 2021-May 2022

526

465

461

406

398 382

377

5.27%

348

5%

4.51%

286 302

3.72%

4.52%

4%

182

2.65% 3.22%

128

3%

3.99%

3.16%

-29.67%

-7.69%

+5.59%

-12.69%

-4.02%

-12.36%

2% 0 January 2019

2.16%

2.43%

January 2020

January 2021

January 2022

78726

78727

78729

78750

78758

78759

13

NORTHWEST AUSTIN EDITION • JULY 2022

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