The details
There was a 53% increase year over year in the number of homes sold in ZIP code 78759 in December, data shows, alongside a 50% increase for ZIP code 78727.
On the other hand, ZIP code 78729 experienced a 12.5% decrease in home sales compared to the previous year.
Most ZIP codes also experienced homes spending more days on the market compared to the previous year, including ZIP code 78729, which experienced a 162.5% increase year over year.
Of the five ZIP codes, 78759 was the only one to experience a decrease in the average days spent on the market, declining 14.8% from the previous year.
What else?
Home prices were up 50% for the 78750 ZIP code in December compared to the previous year, data shows. Home prices also increased for 78759 and 78729 by 30.5% and 15.7%, respectively.
There were 15 homes sold costing over $900,000 across the five ZIP codes in December, according to the data.
Related highlights
Across the market, closed sales were higher in December, rising from 82 in 2023 to 90 in 2024.
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. Northwest Austin had 3 months of inventory in December, compared to 3.2 the previous year.
