Major takeaways
- The McNeil area, represented by ZIP code 78727, experienced a 25% increase in the number of homes sold compared to the previous year and a 38.2% decrease in the average number of days spent on the market.
- The median home sales price in ZIP code 78729 for the Jollyville area dipped 7.1% year over year, while the number of homes sold increased 5.3%.
- In ZIP code 78750, the median home sales price for Anderson Mill- and Jester-area homes dropped 40.8% in June, from $816,500 to $483,500. The number of homes sold also decreased by 18.2% year over year.
- Homes in The Domain area for ZIP code 78758 spent 13.5% fewer days on the market on average, and the median home sales price was 5.2% higher than the previous year.
- The Great Hills area in ZIP code 78759 saw a 20.7% increase in the number of homes sold and a 21.5% decrease in the median sales home price compared to the previous year.
- Marketwide, there were over 100 more new home listings in June year over year, alongside three more homes sold. The price per square foot also decreased from $319 to $294.
- Months of inventory across Northwest Austin increased from 3.8 last June to 5.5 this June, a measure 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.
