SW Austin median home price reaches $530,000 in March, up 32.8% from last year

The Southwest Austin median home price topped $500,000 for the first time in March. (Nicholas Cicale/Community impact Newspaper)
The Southwest Austin median home price topped $500,000 for the first time in March. (Nicholas Cicale/Community impact Newspaper)

The Southwest Austin median home price topped $500,000 for the first time in March. (Nicholas Cicale/Community impact Newspaper)

The median home price in Southwest Austin was at an all-time high in March, topping $500,000 for the first time and reaching $530,000 per sale.

Compared to February numbers, the median home price in the Southwest Austin region increased by $45,000 and was up 32.8% year over year, according to the latest report by the Austin Board of Realtors.

Across the entire Austin-Round Rock metropolitan area, the median home price reached $425,000, up 29.8% compared to 2020. The Austin-Round Rock area also saw a 13.1% year-over-year increase in home sales in March, setting a record for the month, according to ABoR.


However, low housing inventory paired with February’s winter storm slowed sales in Southwest Austin. Southwest Austin’s 384 closed sales in March were 3.3% less than March 2020 sales, according to data. Year-over-year sales in Southwest Austin through March are down by 10.8%.

March was the fourth consecutive month to have 0.3 months of inventory on the market with 116 active listings, according to ABoR.

By Nicholas Cicale
Nick has been with Community Impact Newspaper since 2016, working with the Lake Travis-Westlake and Southwest Austin-Dripping Springs editions. He previously worked as a reporter in Minnesota and earned a degree from Florida State University.


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