[email protected] 512-710-0337

JANUARY 2021 Central Texas Housing Market Report

January 2021 Austin-Round Rock Housing Market Statistics

February 25, 2021

Austin Housing Market Data Portal

INSTRUCTIONS:

Select Zip code, Inventory Type, Property Type, and Date Range fields to explore Central Texas housing market trends.

(please be patient, there is a large volume of data being queried)

Austin, Texas January 2021 Housing Market Statistics

Homes sales jump 23.9% in January 

Impact from winter storms likely to increase housing demand 

AUSTIN, Texas – Austin-Round Rock MSA home sales jumped 23.9% to 2,523 sales in January, according to the latest Central Texas Housing Market Report by the Austin Board of REALTORS® (ABoR) 

“The last week has shown us, once again, that our homes are more important than ever,” Susan Horton, 2021 ABoR president, said. “Austin REALTORS® are not just local market experts in buying or selling a home but we can also provide guidance and resources for home repairs if your current home has been impacted by the winter storms. If you are currently in process of buying or selling a home, talk to your REALTOR® about how recent events might impact your closing timeline and what the appropriate next steps should be – this can include insurance policy terms or additional inspections that may be required.” 

Across the five-county MSA, home sales dollar volume skyrocketed 53.5% to $1,161,692,362 while pending sales increased 15.9% to 3,365 in January. Despite 2,878 new listings in January—an 11% decline from 2020—active listings dropped 73.9% to only 1,369 properties across the region. Housing inventory fell 1.3 months to a record-low 0.4 months of inventory as homes spent an average of 33 days on market, 33 fewer days than in 2020. 

Vaike O’Grady, regional director with Zonda, said that high demand across all price classes, housing types and geographies means that low inventory and a lightning-fast market conditions are not going away soon. 

“There is strength across every price point and demand for every product,” O’Grady said. “Despite developers building as quickly as they can throughout the region and more than 6,000 homesites projected to come online within the next six months, the overall number of lots in development is only just able to keep up with current demand. This means that homes will continue to sell as soon as they hit the market, and prices will continue to rise steadily in the months to come.” 

Horton added that the recent winter storms are only likely to increase housing demand in Central Texas, emphasizing the importance of working with a REALTOR® to buy, sell, or rent a home. 

“While it will be weeks before we know the full impact of the winter storms on our communities, the disruption in transactions and the high demand for repair services will further complicate an already complex housing marketIt is of the upmost importance to have a REALTOR® on your side to help you understand all options available to you. That includes down payment resources and ways that you can bridge the gap between selling your home and buying your next one.” 

City of Austin 

In January, residential sales increased23.8% to 811 sales, a record for the month of January, as sales dollar volume jumped58% to $466,444,738. The median sales price in the city of Austin rose 19.7% to $455,000, a record for the month of JanuaryDuring the same period, new listings decreased by 7to 956 listings, while active listings fell46.9% to 589 listings, and pending sales jumped 14.8% to 1,066 pending sales. Monthly housing inventory decreased 0.6 months year over year to 0.5 months of inventory. 

Travis County 

In Travis County, residential sales increased 23.5% to 1,292 sales, while sales dollar volume spiked60% to $718,269,389. The median price for residential homes rose22.2% year over year to $427,750Last month, new listingdeclined 12.7% to 1,411 listings as active listings dropped63.5% to 819 listings, andpending sales jumped 10.1% to 1,576 pending sales. Monthly housing inventory fell 0.9 months year over year to 0.5 months of inventory. 

Williamson County 

In January in Williamson County, residential sales increased 11.2% to 763 sales, and sales dollar volume jumped 28.7% to $272,029,213. The median price increased 16.4to $322,750During the same period, new listings declined 14.9% to 921 listings, while active listings tumbled 85.9% to 252 listings. Pending sales increased 5.3% to 1,059 pending sales. Housing inventory declined 1.5 months year over year to 0.2 months of inventory. 

Hays County 

In Hays County, January home sales increased50% to 324 sales, and sales dollar volume spiked 78.2% to $128,186,266. The median price for homes increased 18.1% to $301,250. During the same period, new listings decreased 4% to 360 listings, while active listings fell80.8% to 156 listings. Compared to January 2020, pending sales increased 40.4% to 483 pending sales. Housing inventory decreased by 2 months to 0.4 months of inventory. 

Bastrop County 

In January, Bastrop County home sales climbed 66.7% to 115 sales, and sales dollar volume increased81% to $34,195,517. The median price for residential homes increased 10% to $265,000, as new listings increased 29% to 160 listings and active listings declined 70.7% to 93 listings. Pending sales skyrocketed 151.7% to 224 pending sales and inventory decreased by 2.6 months to 0.8 months of inventory.  

Caldwell County 

In Caldwell County, January home sales increased45% to 29 sales and sales dollar volume increased 45.7% to $8,217,616. The median home price increased10.6% year over year to $257,450. During the same period, new listings fell 29.7% to 2listings, while active listings dropped44.9% to 49 listings. Pending sales also declined 28.1% to 23 pending salesas housing inventory decreased 1.9 months to 1.6 months of inventory.  

PAST MARKET STATS

Home Buyer Readiness

You May Also Like…

Work begins on Rise 510

​​​GEORGETOWN – Novak Brothers Development Group has started on Rise 510, a
301-unit multifamil​y project on 12 acres in the Wolf Lakes Village master-
planned community.

Amenities will include a pool, fitness center, hiking trails, and one-acre
community park.

Construction wraps in summer 2024.

[![texaslogo.png](https://assets.recenter.tamu.edu/Images1/NewsTalk/NTTInfo.png)](https://www.recenter.tamu.edu/articles/technical-
report/Texas-Quarterly-Commercial-Report)The Texas Real Estate Research Center
has more news like this online for free:

* [ _Texas Quarterly Apartment Report_](https://www.recenter.tamu.edu/articles/research-article/TexasQuarterlyApartmentReport-2242)
* [Austin multifamily news​](https://txrec.io/2PoQABe)

​Source: [REBusiness On​​​line​](https://rebusinessonline.com/novak-brothers-
breaks-ground-on-301-unit-multifamily-project-in-metro-austin/)

read more

Aspen Heights to redevelop Health South office towers

​​​AUSTIN – The city has approved plans for Aspen Heights Partners to convert
the former Health South office towers into a 37-story residential and
commercial project.

Of the 921 rental units, 232 wi​ll be designated as affordable. The plan also
calls for 35,000 sf of commercial space and a childcare center.

Civilitude will be the engineer. STG Design will be the architect.

read more

Three-building Buda industrial park trades hands

​​BUDA – Buda Midway Phase I, a three-building, 474,465-sf, Class AA
industria​l park, has been sold.

The project is on 35.3 acres at 1795 Fire Cracker Dr. It has two rear-load and
one cross-dock building with 30- to 36-ft clear heights, 138 dock doors, 60
trailer parking spaces, and 678 parking spaces.​

The recently delivered ​buildings are fully preleased to CED Greentech, Sherri
Hill, and Four Hands. ​

JLL represented the seller, a joint venture between United Properties and PCCP
LLC.​

Phase two will include four rear-load buildings totaling nearly 390,000 sf.
Completion of the first building is set for spring 2023.

read more