The real estate market for the North-Northwest Austin area experienced more home sales in April year over year, according to data from the Austin Board of Realtors.

Zooming in

For the first time since January, the 78729 ZIP code saw a positive percentage increase in home sales year over year. Meanwhile, home sales in the 78750 ZIP code have consistently seen at least double-digit percentage growth year over year since February.

The only ZIP code in the area that experienced a percentage decrease in the number of homes sold year over year in April was 78758, although the number of homes still increased month over month, going from 26 in March to 28 in April.


Although growth was nearly unanimous across the board regarding home sales, results for median home prices were mixed.


While ZIP codes 78727 and 78750 experienced slight growth in April year over year, the median home price went down for the remaining ZIP codes in the area.


Also of note

The average amount of time spent on the market was cut nearly in half for multiple areas, with homes in the 78729 ZIP code experiencing a 59.38% decrease year over year for April. The only ZIP code where homes spent more days on the market in April year over year was 78758.


A total of 17 homes in the North-Northwest Austin area costing $900,000 or more were sold in April, with the 78750 and 78759 ZIP codes selling eight each.
What else?


Months of inventory is a term used to describe how long it would take for the amount of homes on the market to be sold, according to the National Association of Realtors. Six months of inventory indicates properties may slowly become more valuable over time, while less than six months may mean home prices are rising more rapidly, per the NAR.

For April, the North-Northwest Austin market had 6.3 months worth of inventory, compared to 2.2 in April the previous year. The number ranged from 2-2.4 from January to March this year.

The following includes other real estate factors for the entire North-Northwest Austin market in April:

Closed sales in the market:
  • 2023: 97
  • 2024: 116
Median home price for the market:
  • 2023: $515,000
  • 2024: $529,009
New home listings in the market:
  • 2023: 162
  • 2024: 210
Pending sales in the market:
  • 2023: 118
  • 2024: 110
Average days on market:
  • 2023: 41
  • 2024: 30
Active listings in the market:
  • 2023: 217
  • 2024: 308
Price per square foot:
  • 2023: $316
  • 2024: $304