$5,629 Closing Credit*
$474,000
567 SqFt
1 Bed
•1 Full Bath
Mark Kendrick, Listing Office: Douglas Elliman Real Estate
Is South Congress (SoCo), TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, South Congress (SoCo) was a Neutral Market.
Key Takeaway
South Congress (SoCo) is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Congress (SoCo), TX
How much do homes in South Congress (SoCo), TX cost?
Median Sold Price
$706,625
$615/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$380,875(-35.0%)
Key Takeaway
Homes in South Congress (SoCo) have sold for 35% less than they did a year ago.
Summary: The median home sold price in South Congress (SoCo) was $706,625 in August 2024, down 35% from last year, and the median price per square foot was $615.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $300K | -1.6% |
| 2 Bedrooms | $1.6M | $627.5K | -61.4% |
| 3 Bedrooms | $1.2M | $1.1M | -10.8% |
| 4 Bedrooms | $5.2M | $1.5M | -70.7% |
| 5+ Bedrooms | $2.5M | $3.7M | +49.2% |
Summary: South Congress (SoCo) housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes decreased by 61.4%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes decreased by 70.7%, and 5+ bedroom homes increased by 49.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Travis Heights / South River City | $987.5K | $978.9K | -0.9% |
| Bouldin Creek | $1.1M | $1.0M | -15.2% |
| South Congress (SoCo) | $1.0M | $706.6K | -35.0% |
Housing Supply in South Congress (SoCo), TX
How many homes are available in South Congress (SoCo), TX?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 22 | 29 | +31.8% |
Summary: The South Congress (SoCo) real estate market had 29 homes for sale in August 2024, a 31.8% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 12 | +20.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The South Congress (SoCo) housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Congress (SoCo), you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in South Congress (SoCo) in August 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for South Congress (SoCo), TX
How long does it take to sell a home in South Congress (SoCo), TX?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 17 Days | 23 Days | +35.3% |
Summary: Homes in South Congress (SoCo) had an average of 23 days on market in Aug 2024, up by 35.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Congress (SoCo) are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 1 homes were sold in South Congress (SoCo); 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.