Within the three-city market area, there have been 80 closed sales on townhouses in the year to date, up 150%. Alongside an uptick in townhouse sales, ABoR date reports a slight downturn in closed single-family home sales thus far in 2020, down 3.8% with 5,120 sales in Round Rock, Pflugerville and Hutto.
The average single-family home from Round Rock, Pflugerville and Hutto was reported to cost $329,132, up 8.2% year over year.
In Round Rock, townhouse sales climbed 72.7% with 19 closed sales, while single-family home sales declined 1.7% with 1,524 closings in 2020. The average price of a Round Rock home is now listed at $337,891, a year-over-year increase of 8.3%, per ABoR data.
Within Pflugerville, townhouse sales jumped 160%, with 39 closed sales in 2020. The city's single-family home closings also declined by 1.7%, with 805 closings in the year to date. The average single-family home cost is reported at $296,139, up 11%.
For Hutto, its real estate trends include only single-family home sales for 2020, with no condominium or townhouse sales reported by ABoR data. The data highlighted a slight increase in single-family home sales during 2020, up 1.6% with 651 closings. The average price of a single-family home in Hutto increased 7.3% year over year, now listed at $252,798.
In Travis County, residential sales increased 22.1% and collected 1,921 sales, per ABoR data. The median price of Travis County homes increased 16.2% year over year to $430,000, according to the data set.
Within Williamson County, residential sales climbed 36.9% to 1,265 sales, while the median home price increased 11.4% year over year to $323,115.
“Our region has a lower year-over-year job loss than any other major metro, and despite the pandemic, a record number of businesses have chosen to relocate to or expand in the region this year," said Laura Huffman, the Austin Chamber of Commerce's president and CEO, in the release. "We expect this growth—attributed to Texas’ business-friendly environment paired with Austin’s deep talent pool—will continue through 2021. Despite this, in 2021 the region needs to address housing affordability to help people from being priced out of the market, even as salary and job growth continues.”
