Name: Downtown Real Estate Market Report
Creator: Orchard
License: https://orchard.com/terms-of-use

How does the housing market look in Downtown? Take a look at up-to-date home sale trends like the latest home sale prices, new listings, and more.

Median Sale Price

$685,000

24%

New Listings

68

11%

Number of Homes Sold

18

10%

Median Days on Market

88

26%

Market Overview

In the last 30 days, homes for sale in Downtown, Austin, TX sold for a median price of $685,000, down 23.9% compared to the same period last year. The median price per square foot was $711.18, down 12.2% year-over-year. There were 18 homes sold, down from 20 last year.

What does this mean?

The median sale price helps you understand how much you should expect to spend on a home in a market. The higher the median price of the homes, the more expensive the market is overall. The rate at which home prices change is an indicator of whether homes are becoming more or less affordable in that market. Learn more about buying a home.

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Housing Supply

Yesterday, the total number of homes for sale in Downtown, Austin, TX was 295, up 14.3% compared to last year. In the last 30 days, 68 new homes were listed for sale, down 10.5% year-over-year. The median days on market was 88, down from 119 days last year. The months of supply was 15, up from 11.85 months last year.

What does this mean?

The number of homes that are available for sale in a market tells you how much choice you have. The rate at which this number changes indicates whether the number of options are increasing or decreasing for buyers. Learn more about buying in a hot market.

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Housing Demand

In the last 30 days, homes in Downtown, Austin, TX had a median sale-to-list-price ratio of 92.11%, up 0.4 pt compared to the same period last year. 5.56% of homes sold above list price, up 5.6 pt year-over-year. 50% of homes listed dropped in price, down 10 pt from last year.

What does this mean?

Sale-to-list price tells you how much you may have to pay over the asking price to buy the home you want. When this number is above 100%, you may need to pay more than the asking price for the home you want.