Home prices across Northwest Austin breach $400,000 for the first time

The real estate market in Northwest Austin hit a new milestone in March, as the median price for all residential properties topped $400,000 for the first time. (Iain Oldman/Community Impact Newspaper)
The real estate market in Northwest Austin hit a new milestone in March, as the median price for all residential properties topped $400,000 for the first time. (Iain Oldman/Community Impact Newspaper)

The real estate market in Northwest Austin hit a new milestone in March, as the median price for all residential properties topped $400,000 for the first time. (Iain Oldman/Community Impact Newspaper)

Image description
(Designed by Mel Stefka/Community Impact Newspaper)
Image description
(Designed by Mel Stefka/Community Impact Newspaper)
Northwest Austin’s real estate market hit a new milestone in March, as the median price for all residential properties in the area reached $400,000 for the first time.

In Northwest Austin the median home price for March closed at $412,000, which represents a year-over-year increase of 12.9%, according to data from the Austin Board of Realtors.

That is also an increase of more than $60,000 from February, when the median home price sat at $347,500.

It appears that the early stages of the coronavirus pandemic’s impact did not greatly influence the Northwest Austin real estate market, data shows.

Romeo Manzanilla, 2020 ABOR president, said in an April 16 news release that the housing market remains tight because Austin’s economy continues to thrive and the city remains one of the most popular living destinations in the country.


Note from the editor: This article has been updated to include attribution for Romeo Manzanilla, 2020 president of the Austin Board of Realtors.
By Iain Oldman
Iain Oldman joined Community Impact Newspaper in 2017 after spending two years in Pittsburgh, Pa., where he covered Pittsburgh City Council. His byline has appeared in PublicSource, WESA-FM and Scranton-Times Tribune. Iain worked as the reporter for Community Impact Newspaper's flagship Round Rock/Pflugerville/Hutto edition and is now working as the editor for the Northwest Austin edition.


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