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Austin Texas Real Estate Market Statistics 2016


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Austin Real Estate Market 2016

2016 was another great year in real estate as the median home price increased 7.2% and home sales grew 3.9% compared to 2015. The luxury housing market also saw an increase in sales by 5% while the median price was 2% less than in 2015. Check out the full report summary below.

Want to find out what homes are selling for in your neighborhood? Use our free market analysis tool or reach out to an area specialist who can help.

2016 Year-End Market Report

Austin Real Estate Sales 2015 vs 2016

  • 29,569 – Single-family homes sold, 3.9% more than 2015
  • $284,000 – Median price for single-family homes, 7.2% more than 2015
  • $353,616 – Average price for single-family homes, 5.1% more than 2015
  • 50 – Average number of days that single-family homes spent on the market, 2 days more than 2015
  • 36,509 – New single-family home listings on the market, 1% less than 2015
  • 5,762 – Active single-family home listings on the market, 5% less than 2015
  • 28,798 – Pending sales for single-family homes, 3% less than 2015
  • $10,456,084,996 – Total dollar volume of single-family properties sold, 9.1% more than 2015

Austin Luxury Real Estate Sales 2015 vs 2016

  • 690 – $1M+ properties sold, 5% more than 2015
  • $1,338,656 – Median price for $1M+ properties, 2% less than 2015
  • $1,592,946 – Average price for $1M+ properties, 2% less than 2015
  • $349 – Average price per square foot for $1M+ properties, 1% less than 2015
  • 140 – Average number of cumulative days that $1M+ properties spent on the market, 7 days more than 2015
  • 12.1 – Months of inventory of $1M+ properties, 0.5 months more than 2015
  • $1,096,774,731 – Total dollar volume of $1M+ properties sold, 2% more than 2015

Visit realtyaustin.com for a month by month comparison of the Austin real estate market or to start your home search today.

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