2023
REAL ESTATE DATA HOME EDITION
COMPILED BY DARCY SPRAGUE
2022-23 Central Austin real estate market data at a glance
78702 78704 78722 78752 78731 78757
78701 78703 78705 78751 78723 78756
360
183
While home prices in Austin are falling year over year after a historic spike, increased interest rates mean buyers’ purchasing power is limited. However, increased inventory means buyers have more choices and time when considering a home, according to the Austin Board of Realtors.
183
35
MOPAC
SOURCES: AUSTIN BOARD OF REALTORS, FREDDIE MAC COMMUNITY IMPACT
N
290
Median home sales price
Average days on market
June 2021-May 2022
June 2022-May 2023
June 2021-May 2022
June 2022-May 2023
$699,000
78701
+10.87%
$775,000
$712,500 $715,000
78702
-0.42%
$1,189,000
78703
+32.88%
$1,580,000
$842,500 $825,000
78704
+2.12%
$350,000 $350,000
78705
0%
78701
78702
78703
78704
78705
78722
78723
78731
78751
78752
78756
78757
$685,000 $694,000
78722
-1.3%
Number of homes sold
June 2021-May 2022
June 2022-May 2023
$614,000 $620,000
78723
-0.97%
$1,064,500 $1,080,000
78731
-1.44%
$662,000
78751
+11.78%
$740,000
$515,000
78752
-6.78%
$480,101
$775,500
78756
+4.45%
$810,000
$702,125 $701,000
78757
+0.16%
78701
78702
78703
78704
78705
78722
78723
78731
78751
78752
78756
78757
National mortgage rate data After staying relatively at the rst two years of the pandemic, mortgage rates have sharply risen since early 2022, peaking Nov. 10 of last year before seeing some decline the last six months. 30-year xed-rate mortgage 15-year xed-rate mortgage
8
6.48%
6
3.22%
3.72%
2.65%
4
5.73%
3.16%
January 2020 0 2
2.16%
2.43%
January 2021
January 2022
January 2023
19
NORTH CENTRAL AUSTIN EDITION • AUGUST 2023
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