{"id":46285,"date":"2024-07-29T12:12:36","date_gmt":"2024-07-29T19:12:36","guid":{"rendered":"https:\/\/www.homelight.com\/blog\/?p=46285"},"modified":"2026-04-03T09:44:17","modified_gmt":"2026-04-03T16:44:17","slug":"home-values-in-austin","status":"publish","type":"post","link":"https:\/\/www.homelight.com\/blog\/home-values-in-austin\/","title":{"rendered":"Home Values in Austin: Key Insights for Homeowners"},"content":{"rendered":"

Wondering about the current value of your home in ATX? Whether you’re considering selling, want to cancel PMI<\/a>, or are just curious about home values in Austin, having up-to-date information is essential for making smart decisions.<\/p>\n

In this article, we\u2019ll cover the latest home price trends in Austin, detail how to get an accurate home value estimate<\/a>, and offer simple strategies to boost your home’s value. Plus, we\u2019ll introduce helpful tools to make sure you get the best price when it\u2019s time to sell your Austin home.<\/p>\n\n\n\n\n\n

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\n \"homelight\n <\/div>\n \n

Already Own a Home? What's It Worth Now?<\/h3>\n

Home values have rapidly increased in recent years. How much is your current home worth now? Get a ballpark estimate from HomeLight’s free Home Value Estimator.<\/p>\n \n

\n Get Estimate<\/a>\n <\/div>\n <\/div>\n<\/div>\n\n\n

Editor\u2019s note: This post is for educational purposes and is not intended to be construed as financial advice. HomeLight always encourages you to consult your own advisor.<\/em><\/p>\n

<\/div>\n

Current home values in Austin<\/h2>\n

Since 2020, the median home value in the Austin metro area has increased by 27%. At the beginning of the decade, the typical home sold for $344,000, but as of June this year, it sold for $450,000<\/a>, according to data from the Austin Board of Realtors (ABoR).<\/p>\n

\u201cHomes are selling at 96.4% of original list price, but the homes that are selling are moving because they are showing well and priced appropriately,\u201d said Kent Redding, 2024 ABoR and Unlock MLS president, in a recent press release<\/a>.<\/p>\n

\u201cPrice and presentation are the top two critical components to a successful sale, whereas time on the market can be a big detractor.\u201d<\/p>\n

The table below shows the fluctuations in home prices in the Austin region over the past five years:<\/p>\n\n\n\n\n\n\n\n\n
Year<\/strong><\/td>\nMedian home price<\/strong><\/td>\nPercent change year-over-year<\/strong><\/td>\n<\/tr>\n
2024 (June)<\/a><\/td>\n$450,000<\/td>\n-6.3%<\/td>\n<\/tr>\n
2023<\/a><\/td>\n$450,000<\/td>\n-10.2%<\/td>\n<\/tr>\n
2022<\/a><\/td>\n$503,000<\/td>\n+11.4%<\/td>\n<\/tr>\n
2021<\/a><\/td>\n$450,000<\/td>\n+30.8%<\/td>\n<\/tr>\n
2020<\/a><\/td>\n$344,000<\/td>\n+9.2%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: Austin Board of Realtors<\/a><\/em><\/p>\n

Nationwide trends mirror what\u2019s happening in Austin. The Case-Shiller National Home Price Index reveals that U.S. home prices have climbed 47%<\/a> since the beginning of 2020. This surge has allowed homeowners to build up significant equity<\/a> in their properties. According to ICE\u2019s Mortgage Monitor report, as of early 2024, the average homeowner with a mortgage holds $299,000 in equity<\/a>.<\/p>\n

For comparison, the table below shows median home prices in cities near Austin:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
City<\/strong><\/td>\nMedian home price<\/strong><\/td>\nDistance from Austin<\/strong><\/td>\n<\/tr>\n
Shady Hollow<\/td>\n$642,500<\/td>\n24\u201355 min (13.0 miles)<\/td>\n<\/tr>\n
Wells Branch<\/td>\n$433,000<\/td>\n22\u201345 min (15.9 miles)<\/td>\n<\/tr>\n
Round Rock<\/td>\n$456,800<\/td>\n26\u201355 min (19.9 miles)<\/td>\n<\/tr>\n
Lakeway<\/td>\n$732,900<\/td>\n35 min-1 hr 10 min (20.5 miles)<\/td>\n<\/tr>\n
Brushy Creek<\/td>\n$575,000<\/td>\n28\u201355 min (21.2 miles)<\/td>\n<\/tr>\n
Pflugerville<\/td>\n$397,800<\/td>\n28\u201350 min (21.9 miles)<\/td>\n<\/tr>\n
Cedar Park<\/td>\n$493,600<\/td>\n30\u201355 min (21.9 miles)<\/td>\n<\/tr>\n
Leander<\/td>\n$440,900<\/td>\n35 min-1 hr (27.1 miles)<\/td>\n<\/tr>\n
Hutto<\/td>\n$356,300<\/td>\n35-55 min (27.9 miles)<\/td>\n<\/tr>\n
Georgetown<\/td>\n$425,300<\/td>\n35 min – 1 hr 10 min (30.2 miles)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Home value averages of multiple public transaction sites\u00a0<\/em><\/p>\n

Typical travel times 8 a.m. midweek<\/em><\/p>\n

In the next section, we\u2019ll explain how to estimate the current value of your Austin home.<\/p>\n","protected":false},"excerpt":{"rendered":"

Discover current trends in home values in Austin. Get expert tips, accurate estimates, and insights to boost your property\u2019s value.<\/p>\n","protected":false},"author":360,"featured_media":46290,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"cybocfi_hide_featured_image":"","footnotes":""},"categories":[320,1223,330],"tags":[1227],"class_list":["post-46285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-add-value","category-texas-real-estate","category-house-value","tag-selling-a-house-in-central-texas"],"acf":[],"yoast_head":"\nHome Values in Austin: Key Insights for Homeowners<\/title>\n<meta name=\"description\" content=\"Discover current trends in home values in Austin. 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