According to the latest real estate data from the Austin Board of Realtors, more than 4,300 homes were sold in June across the Austin-Round Rock metropolitan area, setting a new record high for the month of June.
In Northwest Austin, ABoR reported 268 closed sales on properties were processed in the month of June. That is a 44.1% increase from June 2020.
That also continues a trend for home sales that the Northwest Austin real estate market has experienced since the beginning of the year.
So far in 2021, more than 1,000 homes have been sold in Northwest Austin, which represents a 36.8% increase in that figure from this same point last year. Citywide, home sales in the first half of 2021 increased 21.6% year over year.
The increase in demand and sales has resulted in a 48.2% increase in the median home price for residential properties in Northwest Austin compared to June 2020, ABoR data shows. After a short reprieve from skyrocketing home prices, the Northwest Austin market hit a record-high price tag of $595,000 for all residential properties in June 2021.
The real estate market in Northwest Austin—the six ZIP code area defined by Community Impact Newspaper’s distribution area—now outpaces the citywide housing market in costliness. The median price for all properties in Northwest Austin is $20,000 more than the median price for residential homes in Austin.
Single family homes in Northwest Austin are likewise costlier compared to Austin as a whole—$630,000 to $625,000, respectively.