AUSTIN, Texas — Nearly one in 10 homes sold in the Lone Star State last year were in Austin, according to data from the Texas Realtors 2021 Year in Review.
There were 416,853 homes sold statewide in 2021, with 41,401 (9.93%) of those in the Austin-Round Rock MSA. The 41,401 homes sold in the Austin area was a 2.7% increase from 2020. Dallas accounted for the most home sales in Texas (112,379 or 26.95%), and Houston had the second most (111,115 or 26.65%).
More significantly, the median home price for the Austin-Round Rock MSA in 2021 was $450,000, up 30.8% from the year before. The median price rose by 16% statewide – nearly half the pace of Austin – to $300,000. Dallas saw its median home price increase 18.6% to $345,000, and Houston increased 15.4% to the statewide average of $300,000.
Austin's higher median home price was more evident in the buying activity broken down by price point. The report separates home purchases from $0 to $99,999, $100,000 to $199,999 and so forth all the way up to $1 million-plus.
For Austin, the highest percentage of homes were bought in the $500,000 to $749,999 category (24.9%). Next, homes bought in the $300,000 to $399,999 range made up 23.6% of the area's closings. Homes purchased in the $400,000 to $499,999 range made up 20.7% of the Austin-Round Rock MSA market.
Austin's luxury home purchases had an impact on that higher average, too. In February, a report from real estate brokerage Compass Inc. said Austin saw the biggest percentage jump nationwide in $10 million-plus sales (450%). You can read more on that report here.
Homes in the Austin area were on the market for an average of 20 days in 2021, 25 less days than 2020, according to the report. Houston homes were on the market, on average, for a little longer than a month (35 days). Dallas saw its real estate average 25 days on the market, which was 20 less days than in 2020.
To read the full Texas Realtors report, click here.
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