Overview
Hutto’s surge in home sales, from 70 in July 2024 to 97 this July, goes against a trend seen across the Austin metro, with year-over-year sales declining by 7.9% and median prices dropping by 3.3%.
Pflugerville’s home sales experienced little change from last year, as the market saw 108 sales this July compared to last year’s 109. In Travis and Williamson counties, home sales also dropped by 4.7% and 11.1%, respectively.
However, pending sales, or homes under contract, rose across the Pflugerville-Hutto market, with 198 homes under contract this July compared to 148 last year.
The majority of homes sold in both markets—73 in Hutto and 69 in Pflugerville—fell within the $300,000-$499,000 price range.
More single-family home options were available in the overall Pflugerville-Hutto housing market as of July. This year, between the two cities, there were 302 new listings and 825 active listings. In July 2024, the market had 239 new listings and 649 active listings.
This comes as more than 1,000 new home starts have been permitted in Pflugerville and Hutto since mid-2024, according to Bohlke Reports.
What they’re saying
Vaike O’Grady, research advisor at Unlock MLS, said in a news release that it’s typical for the housing market to slow during the summer, with more families focused on travel before school starts back up.
“The year-over-year growth in pending closings is encouraging,” O’Grady said. “Inventory is higher than in recent years, giving buyers more options, but the month-to-month dip in new and active listings suggests some sellers may be holding back. If interest rates shift lower this fall, we could see seller and buyer activity accelerate.”
