$2,250,000
0.26 Acres
Land
Amy Deane, Listing Office: Moreland Properties
Is Old West Austin, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Old West Austin has remained a Seller's Market.
Key Takeaway
Old West Austin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Old West Austin, TX
How much do homes in Old West Austin, TX cost?
Median Sold Price
$981,500
$618/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$49,500(+5.3%)
Key Takeaway
Homes in Old West Austin have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Old West Austin was $981,500 in October 2024, up 5.3% from last year, and the median price per square foot was $618.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $375K | $400K | +6.7% |
| 2 Bedrooms | $687.5K | $552.4K | -19.6% |
| 3 Bedrooms | $1.1M | $1.1M | +8.9% |
| 4 Bedrooms | $1.4M | $1.7M | +23.0% |
| 5+ Bedrooms | $2.2M | $2.7M | +22.0% |
Summary: Old West Austin housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes decreased by 19.6%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 23%, and 5+ bedroom homes increased by 22%.
Median Sold Price Compared To Nearby Neighborhoods
| Old West Austin | $932K | $981.5K | +5.3% |
| Clarksville | $991K | $998K | +0.7% |
Housing Supply in Old West Austin, TX
How many homes are available in Old West Austin, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 39 | +21.9% |
Summary: The Old West Austin real estate market had 39 homes for sale in October 2024, a 21.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Old West Austin housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 7 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Old West Austin, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Old West Austin in October 2024, up by 100.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Old West Austin, TX
How long does it take to sell a home in Old West Austin, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 92 Days | +101.2% |
Summary: Homes in Old West Austin had an average of 92 days on market in Oct 2024, up by 101.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Old West Austin are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 7 homes were sold in Old West Austin; 43% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.