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.