In the year to date, 42 new townhouse construction projects have popped up in Round Rock, Pflugerville and Hutto, marking a 950% increase, according to the Austin Board of Realtors' September housing market report. Simultaneously, new construction for condominium projects in the region has decreased by nearly 38% in the year to date.
In Round Rock, single-family home sales have dipped by approximately 5%, with 1,358 closed sales thus far in 2020. The average price of a Round Rock home is now listed at $337,356, an 8.4% year-over-year increase.
In Pflugerville, construction of new townhouses have jumped by 1,700% in the year to date, with 18 new projects listed, per ABoR data. Single-family home sales have decreased by just over 3%, with 709 closed sales for the year as of September. The average Pflugerville home price increased nearly 10% year over year and is now reported at $292,524.
In Hutto, single-family home sales have decreased by 6.9% in the year to date, with 391 closed sales; however, new construction for single-family homes has increased by 2.8% in the same time span, with 181 recorded. The average price of new and existing single-family homes is listed as $251,525 in Hutto, up by 6.9% from September 2019.
For Travis and Williamson counties, residential sales jumped by 27.1% and 29.4%, with 1,930 and 1,306 sales, respectively.
Townhouse construction skyrockets 950% in Round Rock, Pflugerville, Hutto
In the year to date, 42 new townhouse construction projects have popped up in Round Rock, Pflugerville and Hutto, according to the Austin Board of Realtors' September housing market report. (Courtesy Adobe Stock)