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Fourth Quarter 2021 Housing Report

February 3, 2022

AUSTIN-ROUND ROCK MSA

Fourth Quarter 2021

 

Executive Summary

  • Metro area sales volume decreased 7.7% to 9,931 transactions. Median price increased 27.9% year-over-year to $466,860.
  • 2021 Q4 months inventory for all residential properties rose 2.5% year-over-year to .6 months.
  • Metro area residential property listings increased 5% year-over-year to 2,042 active listings.
  • Single-family new construction median price increased by 36.2% year-over-year to $449,550.
  • Single-family rental average rent increased by 15.8% year-over-year to $2,195.

 

 

 

Median Price Change (YoY)                                                                                 Sales Volume Change (YoY)

KEY MARKET METRICS

 

Median price in the AustinRound Rock metro increased by approximately 27.9% yearover year, from $365,000 to $466,860. Metro area price exceeded the statewide median price of $315,000 by $151,860.

2021 Q4 total sales volume decreased by approximately 7.7% year-over-year, from 10,761 to 9,931. Sales of homes between $500k and $750k rose from 1,803 to 2,645, while homes between $300k and $400k dipped from 2,735 to 2,394, and homes between $400k and $500k rose from 1,612 to 2,388.

Metro area months inventory increased year-over-year from .58 to .59 months. Homes between $500k and $750k rose year-over year, from .74 to .76 months, while homes between $300k and $400k fell year overyear, from .4 to .34 months and homes between $400k and $500k rose year-over-year, from .56 to .7 months.

Average days to sell throughout the metro area fell from 80 to 69 days, a decrease of 13.8% yearover year. Average days to sell for homes between $500k and $750k decreased by approximately 16.7% year overyear, from 78 to 65 days.

 

 

 

 

 

 

 

SINGLE – FAMILY NEWCONSTRUCTION

Homes in the $400s and above range grew to 62.4% of singlefamily new construction sales through the MLS. The second most active price range was homes in the $300s, which fell from 25.8% to 24.8% year-overyear.

 

 

In the latest quarter, the average price was $542,243 for new homes sold through the MLS, an increase over last year’s figure of $430,946. Average price for existing homes was $602,877, an increase over last year’s figure of $498,817

 

 

 

 

 

Top 5 Most Active Zip Codes

 

SINGLE-FAMILY RENTALS

Average rent per square foot for single-family properties was $1.32, an increase compared with last year’s rental rate of $1.21. The average home size was 1,926 square feet.

 

 

 

Average rent per square foot for three-bedroom single-family properties was $1.44, an increase compared with last year’s rental rate of $1.28. For four-bedroom single-family homes, the rental rate per square foot was $1.15, an increase compared with last year’s rental rate of $1.06.

 

Austin Housing Market Data Portal

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